Insider Selling: Intapp, Inc. (NASDAQ:INTA) Insider Sells 20,174 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 20,174 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total value of $1,196,318.20. Following the transaction, the insider now owns 803,400 shares of the company’s stock, valued at $47,641,620. This trade represents a 2.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Tuesday, October 8th, Thad Jampol sold 20,000 shares of Intapp stock. The shares were sold at an average price of $45.09, for a total transaction of $901,800.00.
• On Thursday, September 19th, Thad Jampol sold 31,666 shares of Intapp stock. The shares were sold at an average price of $49.09, for a total transaction of $1,554,483.94.

Intapp Stock Up 2.3 %

Shares of Intapp stock opened at $61.32 on Wednesday. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $61.37. The firm has a market capitalization of $4.75 billion, a PE ratio of -211.45 and a beta of 0.64. The stock’s fifty day moving average is $51.57 and its 200-day moving average is $42.52.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The firm had revenue of $118.81 million for the quarter, compared to the consensus estimate of $117.88 million. During the same quarter in the previous year, the company earned ($0.20) EPS. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. Analysts expect that Intapp, Inc. will post -0.14 EPS for the current year.

Institutional Investors Weigh In On Intapp

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Intapp by 42.7% during the 1st quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock worth $172,002,000 after purchasing an additional 1,501,091 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Intapp by 766.2% in the first quarter. Jane Street Group LLC now owns 166,456 shares of the company’s stock valued at $5,709,000 after purchasing an additional 147,240 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Intapp by 1,054.0% during the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after buying an additional 527 shares in the last quarter. Loomis Sayles & Co. L P raised its position in Intapp by 29.9% during the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock valued at $71,392,000 after buying an additional 343,275 shares during the period. Finally, George Kaiser Family Foundation raised its position in Intapp by 14.5% during the third quarter. George Kaiser Family Foundation now owns 119,097 shares of the company’s stock valued at $5,696,000 after buying an additional 15,127 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Truist Financial reaffirmed a “buy” rating and issued a $55.00 price target (up from $47.00) on shares of Intapp in a research note on Tuesday, November 5th. UBS Group upped their target price on Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Raymond James lifted their price target on Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. upped their price objective on Intapp from $52.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Bank of America lowered their target price on Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Intapp currently has an average rating of “Moderate Buy” and an average price target of $53.55.

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.