Intapp, Inc. (NASDAQ:INTA) CFO Sells $252,113.88 in Stock

Intapp, Inc. (NASDAQ:INTA) CFO David H. Morton, Jr. sold 4,204 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $59.97, for a total value of $252,113.88. Following the completion of the transaction, the chief financial officer now directly owns 27,331 shares in the company, valued at $1,639,040.07. This trade represents a 13.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Intapp Price Performance

Shares of Intapp stock opened at $60.15 on Thursday. The business has a 50-day moving average of $51.85 and a 200-day moving average of $42.69. The company has a market capitalization of $4.66 billion, a PE ratio of -207.41 and a beta of 0.64. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $61.37.

Intapp (NASDAQ:INTA) last announced its earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.08. The company had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The company’s revenue was up 17.0% on a year-over-year basis. During the same period last year, the firm earned ($0.20) earnings per share. On average, equities analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

INTA has been the topic of several research reports. JPMorgan Chase & Co. increased their target price on Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Barclays increased their target price on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. UBS Group increased their target price on Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Raymond James increased their target price on Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 target price (up from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $53.55.

Institutional Trading of Intapp

Several large investors have recently modified their holdings of INTA. Vanguard Group Inc. grew its stake in shares of Intapp by 42.7% during the first quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock valued at $172,002,000 after acquiring an additional 1,501,091 shares in the last quarter. Luxor Capital Group LP acquired a new position in Intapp in the third quarter worth about $47,837,000. FMR LLC grew its stake in Intapp by 7.8% in the third quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after purchasing an additional 411,434 shares in the last quarter. Loomis Sayles & Co. L P grew its stake in Intapp by 29.9% in the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after purchasing an additional 343,275 shares in the last quarter. Finally, Clearbridge Investments LLC grew its stake in Intapp by 64.0% in the second quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock worth $28,319,000 after purchasing an additional 301,238 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Intapp Company Profile

Intapp, Inc, through its subsidiary, Integration Appliance, Inc, provides industry-specific cloud-based software solutions for the professional and financial services industry in the United States, the United Kingdom, and internationally. Its solutions include DealCloud, a deal and relationship management solution that manages financial services firms' market relationships, prospective clients and investments, current engagements and deal processes, and operations and compliance activities; collaboration and content solutions, including Intapp documents, an engagement-centric document management system, and Intapp workspaces; risk and compliance management solutions, such as Intapp conflicts, Intapp intake, Intapp terms, Intapp walls, and Intapp employee compliance; and operational and financial management solutions comprising Intapp Billstream, a cloud-based automated proforma invoice solution, Intapp time, and Intapp terms.