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

Intapp, Inc. (NASDAQ:INTA) insider Michele Murgel sold 7,531 shares of the 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 transaction, the insider now owns 223,945 shares in the company, valued at approximately $15,414,134.35. This trade represents a 3.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Intapp Trading Down 4.7 %

INTA traded down $3.25 during trading on Friday, hitting $66.11. 1,297,240 shares of the company traded hands, compared to its average volume of 755,984. The company has a market cap of $5.25 billion, a PE ratio of -227.96 and a beta of 0.74. The stock’s 50-day simple moving average is $68.18 and its two-hundred day simple moving average is $56.36. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $77.74.

Intapp (NASDAQ:INTA) last posted 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 analysts expect that Intapp, Inc. will post -0.14 EPS for the current year.

Hedge Funds Weigh In On Intapp

Several institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. grew its stake in Intapp by 2.0% during the fourth quarter. Victory Capital Management Inc. now owns 8,652 shares of the company’s stock valued at $555,000 after acquiring an additional 171 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Intapp by 8.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company’s stock worth $190,000 after buying an additional 239 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake 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 buying an additional 264 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Intapp by 7.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company’s stock worth $265,000 after buying an additional 373 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in shares of Intapp in the 4th quarter worth $25,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on INTA. Barclays increased their price objective on shares of Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Stifel Nicolaus increased their price target 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. Piper Sandler reiterated an “overweight” rating and issued a $71.00 price target (up from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Raymond James reiterated a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Finally, Truist Financial raised their price objective 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. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.