John T. Hall Sells 61,842 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 61,842 shares of Intapp stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $59.68, for a total value of $3,690,730.56. Following the completion of the sale, the chief executive officer now directly owns 5,030,432 shares in the company, valued at approximately $300,216,181.76. The trade was a 1.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Intapp Stock Performance

Shares of INTA stock opened at $60.15 on Friday. The stock has a 50 day moving average price of $52.09 and a 200 day moving average price of $42.81. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $61.37. The firm has a market capitalization of $4.65 billion, a P/E ratio of -207.41 and a beta of 0.64.

Intapp (NASDAQ:INTA) last released its earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.08. The business had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period last year, the company earned ($0.20) earnings per share. As a group, sell-side analysts forecast that Intapp, Inc. will post -0.14 EPS for the current year.

Hedge Funds Weigh In On Intapp

Hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. boosted its holdings in shares of Intapp by 13.4% in the first quarter. Sei Investments Co. now owns 13,858 shares of the company’s stock valued at $475,000 after purchasing an additional 1,638 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Intapp by 42.7% in the 1st quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock worth $172,002,000 after buying an additional 1,501,091 shares during the period. American International Group Inc. grew its position in shares of Intapp by 42.6% during the 1st quarter. American International Group Inc. now owns 19,642 shares of the company’s stock worth $674,000 after buying an additional 5,864 shares in the last quarter. Shell Asset Management Co. purchased a new position in shares of Intapp during the first quarter valued at $179,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Intapp by 239.1% in the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after acquiring an additional 581 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

INTA has been the subject of a number of recent research reports. Barclays boosted their price target on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. UBS Group boosted their target price on shares of Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 price target (up previously from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Stifel Nicolaus boosted 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. Finally, Truist Financial reaffirmed a “buy” rating and issued a $55.00 price objective (up from $47.00) on shares of Intapp in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.