Insider Selling: Intapp, Inc. (NASDAQ:INTA) COO Sells $867,326.83 in Stock

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 12,601 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $867,326.83. Following the completion of the sale, the chief operating officer now owns 438,721 shares in the company, valued at approximately $30,197,166.43. The trade was a 2.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Intapp Stock Performance

Shares of NASDAQ INTA opened at $66.11 on Monday. The stock has a market cap of $5.25 billion, a PE ratio of -227.96 and a beta of 0.74. The business has a fifty day moving average of $68.13 and a two-hundred day moving average of $56.96. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $77.74.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data 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%. Analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its holdings in shares of Intapp by 2.0% during the fourth quarter. Victory Capital Management Inc. now owns 8,652 shares of the company’s stock valued at $555,000 after acquiring an additional 171 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of Intapp by 8.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company’s stock valued at $190,000 after acquiring an additional 239 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Intapp by 1.1% in the third quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company’s stock valued at $1,187,000 after buying an additional 264 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Intapp by 7.2% in the third quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company’s stock valued at $265,000 after buying an additional 373 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in shares of Intapp in the fourth quarter valued at about $25,000. 89.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on INTA. UBS Group raised their price objective on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Truist Financial raised their price objective on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Raymond James restated a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Stifel Nicolaus raised their price objective on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Barclays lifted their price target on shares of Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Intapp has a consensus 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.