Insider Selling: Intapp, Inc. (NASDAQ:INTA) CMO Sells 2,086 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) CMO Scott Fitzgerald sold 2,086 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $64.54, for a total value of $134,630.44. Following the completion of the sale, the chief marketing officer now directly owns 47,517 shares in the company, valued at approximately $3,066,747.18. This represents a 4.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, February 20th, Scott Fitzgerald sold 3,394 shares of Intapp stock. The shares were sold at an average price of $68.83, for a total value of $233,609.02.
• On Thursday, January 2nd, Scott Fitzgerald sold 3,000 shares of Intapp stock. The stock was sold at an average price of $64.38, for a total value of $193,140.00.
• 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 value of $190,590.00.

Intapp Trading Down 0.9 %

NASDAQ INTA traded down $0.60 during trading on Tuesday, reaching $65.30. The company’s stock had a trading volume of 734,002 shares, compared to its average volume of 754,694. The firm has a 50 day moving average price of $68.08 and a 200 day moving average price of $57.19. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $77.74. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of -225.16 and a beta of 0.74.

Intapp (NASDAQ:INTA) last issued its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share 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%. On average, equities analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Intapp

A number of hedge funds have recently modified their holdings of INTA. Raleigh Capital Management Inc. bought a new position in Intapp during the 4th quarter worth $25,000. Global Retirement Partners LLC bought a new stake in Intapp in the fourth quarter valued at approximately $25,000. Farther Finance Advisors LLC lifted its position in shares of Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after purchasing an additional 527 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Intapp in the 4th quarter valued at $32,000. Finally, Johnson Financial Group Inc. increased its position in shares of Intapp by 273.8% during the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company’s stock worth $53,000 after buying an additional 605 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on INTA shares. UBS Group boosted their price target on shares of Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Stifel Nicolaus lifted their price target on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Raymond James reissued a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Truist Financial boosted their price objective on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. upped their price target on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Intapp presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.45.

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.