Insider Selling: Intapp, Inc. (NASDAQ:INTA) COO Sells 17,748 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 17,748 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total transaction of $1,052,456.40. Following the transaction, the chief operating officer now directly owns 695,498 shares of the company’s stock, valued at approximately $41,243,031.40. This represents a 2.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Intapp Stock Performance

Shares of Intapp stock opened at $61.32 on Wednesday. The firm has a market cap of $4.75 billion, a P/E ratio of -211.45 and a beta of 0.64. The firm’s 50-day simple moving average is $51.57 and its 200-day simple moving average is $42.52. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $61.37.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.08. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The company had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. During the same period in the prior year, the company posted ($0.20) EPS. The company’s revenue was up 17.0% compared to the same quarter last year. On average, equities analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Truist Financial reissued a “buy” rating and set a $55.00 price objective (up previously from $47.00) on shares of Intapp in a research report on Tuesday, November 5th. Piper Sandler reissued an “overweight” rating and issued a $60.00 price objective (up from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their target price on shares of Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Citigroup increased their price target on shares of Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, Bank of America decreased their price target on shares of Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Intapp currently has a consensus rating of “Moderate Buy” and an average target price of $53.55.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in INTA. FMR LLC increased its position in shares of Intapp by 7.8% during the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after purchasing an additional 411,434 shares in the last quarter. Vanguard Group Inc. grew its stake in Intapp by 42.7% during the first quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock worth $172,002,000 after buying an additional 1,501,091 shares during the last quarter. Bamco Inc. NY increased its holdings in shares of Intapp by 1.2% during the third quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock worth $136,337,000 after buying an additional 34,409 shares in the last quarter. Praesidium Investment Management Company LLC raised its stake in shares of Intapp by 15.3% in 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 acquiring an additional 256,327 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its stake in shares of Intapp by 29.9% in the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock valued at $71,392,000 after acquiring an additional 343,275 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

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.