Intapp, Inc. (NASDAQ:INTA) Insider Sells $1,540,828.51 in Stock

Intapp, Inc. (NASDAQ:INTA) insider David Benjamin Harrison sold 22,373 shares of Intapp stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $68.87, for a total transaction of $1,540,828.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Intapp Price Performance

NASDAQ INTA opened at $64.61 on Friday. The firm has a market capitalization of $5.00 billion, a P/E ratio of -222.79 and a beta of 0.74. The business’s 50-day simple moving average is $57.95 and its 200-day simple moving average is $46.04. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $71.34.

Intapp (NASDAQ:INTA) last announced 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. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The business had revenue of $118.81 million for the quarter, compared to the consensus estimate of $117.88 million. During the same period last year, the business posted ($0.20) EPS. The company’s revenue was up 17.0% on a year-over-year basis. On average, equities research analysts expect that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Intapp

A number of hedge funds have recently added to or reduced their stakes in the business. Comerica Bank raised 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 period. Blue Trust Inc. acquired a new stake in Intapp in the second quarter worth $30,000. Hennion & Walsh Asset Management Inc. grew its position in shares of Intapp by 13.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 15,398 shares of the company’s stock worth $565,000 after acquiring an additional 1,787 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Intapp by 8.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 145,205 shares of the company’s stock worth $5,325,000 after acquiring an additional 10,789 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Intapp by 99.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,813 shares of the company’s stock valued at $397,000 after purchasing an additional 5,394 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on INTA. Raymond James boosted their price target on shares of Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Citigroup boosted their price objective on Intapp from $63.00 to $87.00 and gave the company a “buy” rating in a research note on Monday. Barclays increased their price target on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price objective on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $60.00 price objective (up from $46.00) on shares of Intapp 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 MarketBeat.com, the stock presently has an average 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.