Insider Selling: Intapp, Inc. (NASDAQ:INTA) Insider Sells 112,928 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 112,928 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $59.27, for a total transaction of $6,693,242.56. Following the transaction, the insider now directly owns 857,250 shares in the company, valued at $50,809,207.50. The trade was a 11.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Thad Jampol also recently made the following trade(s):

• On Monday, March 10th, Thad Jampol sold 20,000 shares of Intapp stock. The stock was sold at an average price of $57.15, for a total value of $1,143,000.00.
• On Wednesday, January 8th, Thad Jampol sold 20,000 shares of Intapp stock. The shares were sold at an average price of $61.85, for a total value of $1,237,000.00.

Intapp Price Performance

Shares of INTA stock opened at $50.95 on Friday. Intapp, Inc. has a one year low of $30.36 and a one year high of $77.74. The stock has a fifty day moving average price of $65.12 and a 200 day moving average price of $60.73. The stock has a market cap of $4.05 billion, a P/E ratio of -175.68 and a beta of 0.82.

Intapp (NASDAQ:INTA) last issued its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share 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%. Equities research analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Piper Sandler reissued an “overweight” rating and issued a $71.00 price target (up previously from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their target price on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. UBS Group upped their price target on shares of Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Barclays boosted their price objective on Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Finally, Raymond James reaffirmed a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.45.

Hedge Funds Weigh In On Intapp

A number of hedge funds have recently modified their holdings of INTA. Charles Schwab Investment Management Inc. grew its position in Intapp by 17.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 380,972 shares of the company’s stock valued at $18,222,000 after acquiring an additional 57,497 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Intapp by 1.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company’s stock worth $1,187,000 after purchasing an additional 264 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Intapp by 7.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,664 shares of the company’s stock worth $558,000 after purchasing an additional 851 shares in the last quarter. Captrust Financial Advisors bought a new position in Intapp during the 3rd quarter valued at about $215,000. Finally, HighTower Advisors LLC acquired a new position in Intapp in the third quarter valued at about $2,097,000. 89.96% of the stock is 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.