Insider Selling: Intapp, Inc. (NASDAQ:INTA) CEO Sells 28,443 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 28,443 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $64.66, for a total value of $1,839,124.38. Following the completion of the transaction, the chief executive officer now owns 5,213,782 shares in the company, valued at approximately $337,123,144.12. The trade was a 0.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Intapp Price Performance

Shares of INTA traded down $0.60 during trading hours on Tuesday, hitting $65.30. The company’s stock had a trading volume of 734,002 shares, compared to its average volume of 754,694. The company has a market cap of $5.18 billion, a price-to-earnings ratio of -225.16 and a beta of 0.74. The business has a 50 day simple moving average of $68.08 and a two-hundred day simple moving average of $57.19. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $77.74.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data 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 return on equity of 1.86% and a negative net margin of 4.78%. Research analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Raymond James restated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. UBS Group upped their target price on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Stifel Nicolaus lifted their price target on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. increased their target price on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $71.00 target price (up from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.45.

Institutional Trading of Intapp

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raleigh Capital Management Inc. purchased a new position in shares of Intapp during the 4th quarter valued at $25,000. Global Retirement Partners LLC bought a new position in Intapp in the 4th quarter worth about $25,000. Farther Finance Advisors LLC raised its holdings in shares of Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after acquiring an additional 527 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Intapp during the 4th quarter valued at about $32,000. Finally, Johnson Financial Group Inc. grew its holdings in shares of Intapp by 273.8% during the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company’s stock worth $53,000 after purchasing an additional 605 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

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.