Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall Sells 44,009 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 44,009 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total value of $2,609,733.70. Following the completion of the sale, the chief executive officer now owns 5,093,692 shares in the company, valued at $302,055,935.60. The trade was a 0.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Intapp Trading Down 0.6 %

INTA stock opened at $59.92 on Tuesday. The business’s 50 day simple moving average is $51.57 and its 200 day simple moving average is $42.52. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $60.88. The firm has a market capitalization of $4.64 billion, a PE ratio of -206.62 and a beta of 0.64.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.08. The company had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The company’s revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.20) earnings per share. As a group, sell-side analysts predict that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Intapp

A number of institutional investors have recently made changes to their positions in the company. Sei Investments Co. lifted its holdings in Intapp by 13.4% during the 1st quarter. Sei Investments Co. now owns 13,858 shares of the company’s stock worth $475,000 after purchasing an additional 1,638 shares during the last quarter. ProShare Advisors LLC bought a new stake in shares of Intapp in the first quarter valued at about $246,000. Vanguard Group Inc. boosted its position in shares of Intapp by 42.7% in the first quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock valued at $172,002,000 after acquiring an additional 1,501,091 shares during the period. American International Group Inc. grew its stake in shares of Intapp by 42.6% in the first quarter. American International Group Inc. now owns 19,642 shares of the company’s stock valued at $674,000 after acquiring an additional 5,864 shares in the last quarter. Finally, Shell Asset Management Co. bought a new position in Intapp during the first quarter worth about $179,000. Institutional investors own 89.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on INTA. Citigroup boosted their price objective on shares of Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Barclays increased their price objective on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Raymond James lifted their target price on Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. UBS Group raised their price target on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Finally, Stifel Nicolaus upped their price objective on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $53.55.

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.