John T. Hall Sells 8,000 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 8,000 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $57.15, for a total value of $457,200.00. Following the sale, the chief executive officer now owns 5,236,895 shares of the company’s stock, valued at approximately $299,288,549.25. This represents a 0.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Intapp Trading Up 3.5 %

NASDAQ INTA opened at $61.05 on Thursday. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $77.74. The stock’s 50 day moving average is $67.46 and its 200 day moving average is $59.02. The stock has a market cap of $4.85 billion, a PE ratio of -210.51 and a beta of 0.77.

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

Wall Street Analyst Weigh In

INTA has been the subject of a number of recent research reports. Truist Financial boosted their price target on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Barclays boosted their price target on Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Stifel Nicolaus boosted their price target on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Piper Sandler reaffirmed an “overweight” rating and set a $71.00 price objective (up from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Finally, UBS Group lifted their price objective on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $66.45.

Institutional Investors Weigh In On Intapp

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Intapp by 11.8% in the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock valued at $408,139,000 after buying an additional 672,832 shares during the period. FMR LLC raised its holdings in shares of Intapp by 7.8% in the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock valued at $270,668,000 after purchasing an additional 411,434 shares in the last quarter. Bamco Inc. NY raised its holdings in shares of Intapp by 1.2% in the 3rd quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock valued at $136,337,000 after purchasing an additional 34,409 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Intapp by 6,506.1% in the 4th quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock valued at $126,931,000 after purchasing an additional 1,950,526 shares in the last quarter. Finally, Praesidium Investment Management Company LLC raised its holdings in shares of Intapp by 15.3% in the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock valued at $92,316,000 after purchasing an additional 256,327 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.