Insider Selling: Intapp, Inc. (NASDAQ:INTA) Insider Sells 20,000 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 20,000 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $61.85, for a total value of $1,237,000.00. Following the sale, the insider now directly owns 828,197 shares of the company’s stock, valued at approximately $51,223,984.45. This trade represents a 2.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, December 9th, Thad Jampol sold 20,000 shares of Intapp stock. The shares were sold at an average price of $67.97, for a total transaction of $1,359,400.00.
• On Thursday, November 21st, Thad Jampol sold 20,174 shares of Intapp stock. The shares were sold at an average price of $59.30, for a total transaction of $1,196,318.20.

Intapp Stock Performance

Shares of INTA opened at $67.05 on Friday. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $71.34. The firm’s 50-day simple moving average is $62.75 and its two-hundred day simple moving average is $49.41. The stock has a market cap of $5.19 billion, a PE ratio of -231.21 and a beta of 0.73.

Intapp (NASDAQ:INTA) last posted 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. The company had revenue of $118.81 million for the quarter, compared to the consensus estimate of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.20) EPS. Equities research analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on INTA. Barclays raised their target price on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Raymond James reissued a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 price target (up previously from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price objective on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, Citigroup raised their target price on shares of Intapp from $63.00 to $87.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.64.

Hedge Funds Weigh In On Intapp

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its position in Intapp by 1,054.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 527 shares during the last quarter. Quest Partners LLC bought a new position in shares of Intapp in the third quarter worth approximately $54,000. Financial Management Professionals Inc. purchased a new stake in shares of Intapp during the third quarter valued at approximately $57,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Intapp during the third quarter valued at approximately $64,000. Finally, Advisors Asset Management Inc. raised its holdings in Intapp by 59.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock worth $67,000 after acquiring an additional 519 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.