Insider Selling: Intapp, Inc. (NASDAQ:INTA) Insider Sells $518,358.73 in Stock

Intapp, Inc. (NASDAQ:INTA) insider Michele Murgel sold 7,531 shares of Intapp stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $518,358.73. Following the completion of the transaction, the insider now directly owns 223,945 shares in the company, valued at approximately $15,414,134.35. The trade was a 3.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Intapp Trading Down 4.7 %

NASDAQ INTA opened at $66.11 on Monday. The firm’s fifty day moving average price is $68.13 and its two-hundred day moving average price is $56.96. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $77.74. The firm has a market capitalization of $5.25 billion, a P/E ratio of -227.96 and a beta of 0.74.

Intapp (NASDAQ:INTA) last released 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%. On average, research analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Intapp

Institutional investors and hedge funds have recently modified their holdings of the stock. Raleigh Capital Management Inc. acquired a new position in shares of Intapp in the fourth quarter valued at $25,000. Global Retirement Partners LLC acquired a new position in shares of Intapp in the fourth quarter valued at $25,000. Farther Finance Advisors LLC increased its holdings in shares of Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 527 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Intapp in the fourth quarter valued at $32,000. Finally, Johnson Financial Group Inc. increased its holdings in shares of Intapp by 273.8% in the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company’s stock valued at $53,000 after purchasing an additional 605 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on INTA shares. JPMorgan Chase & Co. lifted their price target on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Barclays boosted their price objective 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. Stifel Nicolaus boosted their price objective on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. UBS Group boosted their price objective on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, Piper Sandler reissued an “overweight” rating and issued a $71.00 price objective (up previously from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Intapp presently has an average rating of “Moderate Buy” and an average target price of $66.45.

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.