Insider Selling: Intapp, Inc. (NASDAQ:INTA) CFO Sells 3,349 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) CFO David H. Morton, Jr. sold 3,349 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $64.54, for a total value of $216,144.46. Following the transaction, the chief financial officer now directly owns 31,656 shares of the company’s stock, valued at $2,043,078.24. The trade was a 9.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Intapp Stock Down 0.9 %

Shares of NASDAQ INTA opened at $65.30 on Wednesday. The stock has a market cap of $5.18 billion, a PE ratio of -225.16 and a beta of 0.74. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $77.74. The business has a 50-day moving average price of $68.07 and a 200 day moving average price of $57.42.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. Sell-side analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on INTA shares. Piper Sandler reissued an “overweight” rating and set a $71.00 target price (up from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Stifel Nicolaus boosted their target price on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Citigroup reaffirmed a “neutral” rating and set a $78.00 price objective (down from $87.00) on shares of Intapp in a research report on Thursday, January 16th. JPMorgan Chase & Co. upped their price objective on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Truist Financial upped their price objective on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.45.

Institutional Trading of Intapp

A number of large investors have recently made changes to their positions in INTA. Invesco Ltd. boosted its position in shares of Intapp by 6,506.1% in the 4th quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock valued at $126,931,000 after purchasing an additional 1,950,526 shares during the period. Luxor Capital Group LP purchased a new stake in Intapp during the 3rd quarter valued at approximately $47,837,000. Vanguard Group Inc. raised its stake in Intapp by 11.8% during the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock valued at $408,139,000 after acquiring an additional 672,832 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Intapp by 408.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 720,994 shares of the company’s stock valued at $46,209,000 after acquiring an additional 579,075 shares during the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in Intapp during the 4th quarter valued at approximately $30,563,000. 89.96% of the stock is owned by institutional investors and hedge funds.

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.