Intapp, Inc. (NASDAQ:INTA) CMO Scott Fitzgerald Sells 3,000 Shares

Intapp, Inc. (NASDAQ:INTA) CMO Scott Fitzgerald sold 3,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $64.38, for a total value of $193,140.00. Following the completion of the transaction, the chief marketing officer now directly owns 39,212 shares in the company, valued at approximately $2,524,468.56. This represents a 7.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Scott Fitzgerald also recently made the following trade(s):

• On Monday, December 2nd, Scott Fitzgerald sold 3,000 shares of Intapp stock. The shares were sold at an average price of $63.53, for a total transaction of $190,590.00.
• On Thursday, November 21st, Scott Fitzgerald sold 5,221 shares of Intapp stock. The stock was sold at an average price of $59.30, for a total value of $309,605.30.

Intapp Stock Performance

INTA stock traded down $1.03 during trading on Monday, reaching $62.64. The company had a trading volume of 517,667 shares, compared to its average volume of 421,678. The company has a market cap of $4.85 billion, a price-to-earnings ratio of -216.00 and a beta of 0.74. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $71.34. The firm has a 50-day simple moving average of $61.42 and a 200-day simple moving average of $48.58.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its position in 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 during the period. Quest Partners LLC purchased a new position in shares of Intapp in the third quarter valued at approximately $54,000. Financial Management Professionals Inc. acquired a new stake in Intapp during the 3rd quarter worth $57,000. Wilmington Savings Fund Society FSB purchased a new stake in Intapp during the 3rd quarter valued at about $64,000. Finally, Advisors Asset Management Inc. grew its position in shares of Intapp by 59.1% in the third quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock valued at $67,000 after purchasing an additional 519 shares in the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on INTA. Stifel Nicolaus lifted their price objective on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Raymond James restated a “market perform” rating on shares of Intapp in a research report on Friday. Citigroup raised their price target on shares of Intapp from $63.00 to $87.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. JPMorgan Chase & Co. upped their target price on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, Barclays increased their price objective on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Intapp has a consensus rating of “Moderate Buy” and an average price target of $60.64.

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.