Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall Sells 28,443 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 28,443 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $64.66, for a total value of $1,839,124.38. Following the sale, the chief executive officer now directly owns 5,213,782 shares of the company’s stock, valued at $337,123,144.12. The trade was a 0.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Intapp Trading Down 0.9 %

INTA opened at $65.30 on Wednesday. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $77.74. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of -225.16 and a beta of 0.74. The business has a 50 day moving average of $68.07 and a 200-day moving average of $57.42.

Intapp (NASDAQ:INTA) last issued its earnings results on Tuesday, February 4th. The company reported ($0.08) 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 analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on INTA. JPMorgan Chase & Co. upped their target price on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Barclays upped their target price on Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Citigroup reaffirmed a “neutral” rating and set a $78.00 target price (down previously from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $71.00 target price (up previously from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.45.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of INTA. Raleigh Capital Management Inc. acquired a new position in shares of Intapp in the fourth quarter valued at $25,000. Global Retirement Partners LLC acquired a new position in shares of Intapp in the fourth quarter valued at $25,000. Farther Finance Advisors LLC raised its stake in shares of Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 527 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Intapp in the fourth quarter valued at $32,000. Finally, Johnson Financial Group Inc. raised its stake in shares of Intapp by 273.8% in the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company’s stock valued at $53,000 after purchasing an additional 605 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.