Michele Murgel Sells 23,404 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) insider Michele Murgel sold 23,404 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $60.13, for a total transaction of $1,407,282.52. Following the completion of the sale, the insider now directly owns 185,220 shares of the company’s stock, valued at approximately $11,137,278.60. This represents a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Michele Murgel also recently made the following trade(s):

• On Monday, February 24th, Michele Murgel sold 4,632 shares of Intapp stock. The stock was sold at an average price of $64.54, for a total value of $298,949.28.
• On Thursday, February 20th, Michele Murgel sold 7,531 shares of Intapp stock. The shares were sold at an average price of $68.83, for a total value of $518,358.73.

Intapp Stock Down 0.3 %

Shares of Intapp stock opened at $60.23 on Friday. The stock has a market cap of $4.78 billion, a PE ratio of -207.68 and a beta of 0.76. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $77.74. The business has a fifty day simple moving average of $67.01 and a 200-day simple moving average of $59.51.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share 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%. Analysts expect that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Analysts Set New Price Targets

INTA has been the topic of a number of research reports. Barclays boosted their price objective on Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Stifel Nicolaus lifted their price target on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. increased their price objective on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Raymond James restated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $71.00 target price (up from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.45.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP purchased a new position in shares of Intapp during the 3rd quarter valued at $481,000. Natixis Advisors LLC acquired a new stake in Intapp during the third quarter valued at $1,471,000. Quest Partners LLC purchased a new position in Intapp in the third quarter valued at about $54,000. George Kaiser Family Foundation increased its position in Intapp by 14.5% in the 3rd quarter. George Kaiser Family Foundation now owns 119,097 shares of the company’s stock worth $5,696,000 after purchasing an additional 15,127 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Intapp by 55.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 189,601 shares of the company’s stock worth $9,069,000 after purchasing an additional 67,912 shares in the last quarter. Institutional investors and hedge funds 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.