Intapp, Inc. (NASDAQ:INTA) Insider Thad Jampol Sells 20,000 Shares

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 20,000 shares of the business’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $45.09, for a total transaction of $901,800.00. Following the sale, the insider now directly owns 772,412 shares in the company, valued at approximately $34,828,057.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Thad Jampol also recently made the following trade(s):

• On Thursday, September 19th, Thad Jampol sold 31,666 shares of Intapp stock. The shares were sold at an average price of $49.09, for a total transaction of $1,554,483.94.

Intapp Stock Up 0.6 %

Intapp stock opened at $47.28 on Friday. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $51.80. The firm’s 50-day moving average is $43.51 and its two-hundred day moving average is $37.64.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The firm had revenue of $114.38 million for the quarter, compared to analyst estimates of $111.58 million. Intapp had a negative net margin of 7.44% and a negative return on equity of 5.36%. Intapp’s revenue was up 20.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.14) earnings per share. On average, research analysts anticipate that Intapp, Inc. will post -0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on INTA. Stifel Nicolaus raised their price objective on Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Citigroup lifted their price target on Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Piper Sandler reissued an “overweight” rating and issued a $46.00 price objective on shares of Intapp in a research note on Wednesday, August 14th. UBS Group lifted their target price on shares of Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Finally, Bank of America reduced their price target on shares of Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $50.00.

Institutional Investors Weigh In On Intapp

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in Intapp in the 3rd quarter valued at about $914,000. Clearbridge Investments LLC grew its holdings in Intapp by 64.0% in the second quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock valued at $28,319,000 after purchasing an additional 301,238 shares during the period. Susquehanna Fundamental Investments LLC increased its position in Intapp by 384.2% during the second quarter. Susquehanna Fundamental Investments LLC now owns 69,718 shares of the company’s stock worth $2,557,000 after purchasing an additional 55,318 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Intapp by 13.3% during the second quarter. The Manufacturers Life Insurance Company now owns 24,551 shares of the company’s stock worth $900,000 after purchasing an additional 2,891 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of Intapp by 30.1% during the 2nd quarter. Millennium Management LLC now owns 357,437 shares of the company’s stock worth $13,107,000 after buying an additional 82,761 shares during the last quarter. Hedge funds and other institutional investors 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.