Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall Sells 70,986 Shares

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 70,986 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $68.83, for a total value of $4,885,966.38. Following the transaction, the chief executive officer now owns 5,026,096 shares of the company’s stock, valued at $345,946,187.68. This represents a 1.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Intapp Price Performance

Shares of Intapp stock opened at $64.43 on Thursday. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of -222.17 and a beta of 0.74. Intapp, Inc. has a one year low of $30.36 and a one year high of $71.34. The stock’s 50-day moving average is $57.60 and its 200-day moving average is $45.91.

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

Institutional Investors Weigh In On Intapp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position in shares of Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after acquiring an additional 527 shares during the last quarter. Blue Trust Inc. bought a new position in Intapp in the second quarter valued at approximately $30,000. Comerica Bank increased its position in shares of Intapp by 218.4% during the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after purchasing an additional 865 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Intapp in the 3rd quarter valued at approximately $54,000. Finally, Financial Management Professionals Inc. acquired a new stake in shares of Intapp in the 3rd quarter valued at approximately $57,000. 89.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

INTA has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of Intapp from $63.00 to $87.00 and gave the company a “buy” rating in a research report on Monday. Truist Financial increased their price target on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Barclays lifted their price objective on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price target on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Raymond James upped their target price on shares of Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.64.

Intapp Company Profile

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.