Ralph Baxter Sells 9,289 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) Director Ralph Baxter sold 9,289 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $70.14, for a total value of $651,530.46. Following the sale, the director now owns 9,441 shares in the company, valued at $662,191.74. The trade was a 49.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Ralph Baxter also recently made the following trade(s):

• On Tuesday, December 10th, Ralph Baxter sold 5,000 shares of Intapp stock. The stock was sold at an average price of $68.24, for a total value of $341,200.00.
• On Wednesday, November 6th, Ralph Baxter sold 50,000 shares of Intapp stock. The shares were sold at an average price of $57.10, for a total value of $2,855,000.00.
• On Thursday, October 10th, Ralph Baxter sold 5,000 shares of Intapp stock. The stock was sold at an average price of $47.44, for a total transaction of $237,200.00.

Intapp Stock Down 0.3 %

Intapp stock traded down $0.22 during midday trading on Monday, hitting $68.41. The company’s stock had a trading volume of 483,359 shares, compared to its average volume of 636,779. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $71.34. The stock’s 50-day moving average price is $56.35 and its 200-day moving average price is $45.35. The company has a market capitalization of $5.29 billion, a PE ratio of -238.17 and a beta of 0.74.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on INTA shares. Stifel Nicolaus upped their target price on shares of Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Piper Sandler restated an “overweight” rating and issued a $60.00 target price (up from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Barclays boosted their price target on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Truist Financial raised their price target on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a report on Friday. Finally, Citigroup upped their price objective on shares of Intapp from $63.00 to $87.00 and gave the stock a “buy” rating in a report on Monday. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $59.27.

Hedge Funds Weigh In On Intapp

A number of hedge funds have recently modified their holdings of INTA. FMR LLC lifted its holdings in shares of 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 purchasing an additional 411,434 shares during the last quarter. Bamco Inc. NY raised its holdings in Intapp by 1.2% during the 3rd 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 during the period. Praesidium Investment Management Company LLC lifted its stake 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 in the last quarter. Loomis Sayles & Co. L P boosted its holdings 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 worth $71,392,000 after buying an additional 343,275 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Intapp by 9.9% in the third quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock worth $50,291,000 after buying an additional 95,035 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.