David H. Morton, Jr. Sells 3,349 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) CFO David H. Morton, Jr. sold 3,349 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $64.54, for a total transaction of $216,144.46. Following the transaction, the chief financial officer now owns 31,656 shares in the company, valued at $2,043,078.24. This trade represents a 9.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Intapp Stock Up 1.2 %

INTA stock opened at $66.10 on Thursday. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $77.74. The firm’s 50-day simple moving average is $68.10 and its 200 day simple moving average is $57.48. The stock has a market cap of $5.25 billion, a PE ratio of -227.92 and a beta of 0.74.

Intapp (NASDAQ:INTA) last released its quarterly earnings data 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 return on equity of 1.86% and a negative net margin of 4.78%. Equities analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Analyst Ratings Changes

INTA has been the topic of a number of research analyst reports. Citigroup reiterated a “neutral” rating and set a $78.00 price objective (down from $87.00) on shares of Intapp in a research note on Thursday, January 16th. UBS Group increased their price objective on shares of Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Stifel Nicolaus increased their price objective on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Barclays raised their price target on shares of Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Finally, Truist Financial raised their price target on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.45.

Institutional Trading of Intapp

Large investors have recently modified their holdings of the company. FORA Capital LLC acquired a new stake in shares of Intapp in the 3rd quarter worth about $566,000. Loomis Sayles & Co. L P increased its stake in Intapp by 29.9% during the 3rd 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. Farther Finance Advisors LLC increased its stake in Intapp by 1,054.0% during the 3rd 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. Venturi Wealth Management LLC acquired a new position in Intapp during the 4th quarter valued at about $305,000. Finally, Barclays PLC increased its stake in Intapp by 90.1% during the 3rd quarter. Barclays PLC now owns 106,781 shares of the company’s stock valued at $5,108,000 after buying an additional 50,607 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

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.