Donald F. Coleman Sells 7,753 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 7,753 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $64.54, for a total value of $500,378.62. Following the sale, the chief operating officer now owns 421,733 shares in the company, valued at approximately $27,218,647.82. This represents a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Intapp Price Performance

Shares of INTA opened at $64.58 on Friday. The firm has a market cap of $5.13 billion, a P/E ratio of -222.68 and a beta of 0.74. The stock has a 50 day simple moving average of $68.10 and a two-hundred day simple moving average of $57.53. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $77.74.

Intapp (NASDAQ:INTA) last issued its earnings results 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 return on equity of 1.86% and a negative net margin of 4.78%. On average, equities analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

INTA has been the topic of several analyst reports. Piper Sandler reiterated an “overweight” rating and set a $71.00 price target (up from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. UBS Group upped their price target on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. upped their price target on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Barclays boosted their price objective on Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Finally, Stifel Nicolaus boosted their price objective on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.45.

Institutional Trading of Intapp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Invesco Ltd. boosted its stake in shares of Intapp by 6,506.1% during the fourth 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 during the period. Luxor Capital Group LP purchased a new stake in shares of Intapp during the third quarter valued at approximately $47,837,000. Vanguard Group Inc. boosted its stake in shares of Intapp by 11.8% during the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock valued at $408,139,000 after purchasing an additional 672,832 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Intapp by 408.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 720,994 shares of the company’s stock valued at $46,209,000 after purchasing an additional 579,075 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of Intapp during the fourth quarter valued at approximately $30,563,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.