Insider Selling: Intapp, Inc. (NASDAQ:INTA) CEO Sells 33,227 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 33,227 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $2,287,014.41. Following the completion of the transaction, the chief executive officer now owns 5,258,576 shares of the company’s stock, valued at $361,947,786.08. This trade represents a 0.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Intapp Trading Down 4.7 %

Shares of NASDAQ:INTA opened at $66.11 on Monday. The company has a market cap of $5.25 billion, a price-to-earnings ratio of -227.96 and a beta of 0.74. The company has a 50-day moving average price of $68.13 and a 200-day moving average price of $56.96. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $77.74.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. As a group, research analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Intapp

A number of institutional investors have recently bought and sold shares of INTA. Raleigh Capital Management Inc. bought a new position in Intapp in the fourth quarter worth about $25,000. Global Retirement Partners LLC bought a new position in Intapp in the fourth quarter worth about $25,000. Farther Finance Advisors LLC raised its stake in Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after buying an additional 527 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Intapp in the fourth quarter worth about $32,000. Finally, Johnson Financial Group Inc. raised its stake in Intapp by 273.8% in the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company’s stock worth $53,000 after buying an additional 605 shares in the last quarter. 89.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on INTA shares. Barclays upped their target price on shares of Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Truist Financial upped their price target on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Stifel Nicolaus upped their price target on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. upped their price target on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, Raymond James restated a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.45.

About Intapp

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.