Michele Murgel Sells 7,531 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) insider Michele Murgel sold 7,531 shares of Intapp stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $518,358.73. Following the sale, the insider now directly owns 223,945 shares of the company’s stock, valued at approximately $15,414,134.35. This trade represents a 3.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Intapp Trading Down 4.7 %

INTA opened at $66.11 on Friday. The company has a market cap of $5.25 billion, a P/E ratio of -227.96 and a beta of 0.74. The business’s 50-day moving average price is $68.13 and its 200-day moving average price is $56.78. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $77.74.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. Equities research analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of INTA. Raleigh Capital Management Inc. purchased a new position in Intapp during the 4th quarter valued at about $25,000. Global Retirement Partners LLC purchased a new position in Intapp during the 4th quarter valued at about $25,000. Farther Finance Advisors LLC increased its holdings 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 period. SBI Securities Co. Ltd. purchased a new position in Intapp during the 4th quarter valued at about $32,000. Finally, Johnson Financial Group Inc. increased its holdings in Intapp by 273.8% during the 4th quarter. Johnson Financial Group Inc. now owns 826 shares of the company’s stock valued at $53,000 after purchasing an additional 605 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on INTA. Citigroup reaffirmed a “neutral” rating and set a $78.00 price target (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Stifel Nicolaus lifted their price target on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. UBS Group lifted their price target on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Truist Financial lifted their price target on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Raymond James reaffirmed a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $66.45.

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.