Insider Selling: Intapp, Inc. (NASDAQ:INTA) Insider Sells 20,000 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $57.15, for a total transaction of $1,143,000.00. Following the completion of the transaction, the insider now owns 857,250 shares of the company’s stock, valued at $48,991,837.50. This represents a 2.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Thad Jampol also recently made the following trade(s):

• On Wednesday, January 8th, Thad Jampol sold 20,000 shares of Intapp stock. The stock was sold at an average price of $61.85, for a total transaction of $1,237,000.00.

Intapp Stock Performance

Shares of NASDAQ INTA opened at $59.28 on Friday. The company has a 50 day simple moving average of $67.24 and a two-hundred day simple moving average of $59.12. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $77.74. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of -204.41 and a beta of 0.77.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in INTA. Principal Financial Group Inc. bought a new position in shares of Intapp during the 4th quarter valued at $291,000. FORA Capital LLC purchased a new stake in Intapp during the third quarter valued at $566,000. Loomis Sayles & Co. L P lifted its holdings in Intapp by 29.9% in the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock valued at $71,392,000 after acquiring an additional 343,275 shares during the period. Farther Finance Advisors LLC boosted its position in Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after purchasing an additional 527 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in shares of Intapp during the 4th quarter valued at about $305,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INTA has been the subject of a number of research analyst reports. UBS Group lifted 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. Barclays increased their price target on shares of Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Citigroup reaffirmed a “neutral” rating and set a $78.00 price objective (down from $87.00) on shares of Intapp in a report on Thursday, January 16th. Raymond James reissued a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Finally, Stifel Nicolaus lifted their price target on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.45.

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.