Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman Sells 12,601 Shares

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 12,601 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $867,326.83. Following the sale, the chief operating officer now owns 438,721 shares in the company, valued at approximately $30,197,166.43. This represents a 2.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Intapp Stock Down 4.7 %

INTA opened at $66.11 on Friday. The stock has a market cap of $5.25 billion, a PE ratio of -227.96 and a beta of 0.74. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $77.74. The business’s fifty day simple moving average is $68.13 and its 200 day simple moving average is $56.60.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, February 4th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. As a group, equities analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current year.

Institutional Trading of Intapp

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Intapp by 11.8% during the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock valued at $408,139,000 after buying an additional 672,832 shares during the period. FMR LLC boosted its position in Intapp by 7.8% during the third quarter. FMR LLC now owns 5,658,957 shares of the company’s stock valued at $270,668,000 after buying an additional 411,434 shares during the period. Bamco Inc. NY boosted its position in Intapp by 1.2% during the third quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock valued at $136,337,000 after buying an additional 34,409 shares during the period. Invesco Ltd. boosted its position in Intapp by 6,506.1% during the fourth quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock valued at $126,931,000 after buying an additional 1,950,526 shares during the period. Finally, Praesidium Investment Management Company LLC boosted its position in Intapp by 15.3% during the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock valued at $92,316,000 after buying an additional 256,327 shares during the period. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Barclays increased their target price on Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Citigroup reaffirmed a “neutral” rating and issued a $78.00 price target (down previously from $87.00) on shares of Intapp in a report on Thursday, January 16th. Truist Financial upped their price target on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, JPMorgan Chase & Co. upped their price target on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $66.45.

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.