Insider Selling: Intapp, Inc. (NASDAQ:INTA) COO Sells $174,700.00 in Stock

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 5,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $34.94, for a total transaction of $174,700.00. Following the completion of the sale, the chief operating officer now directly owns 648,411 shares of the company’s stock, valued at approximately $22,655,480.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Intapp Price Performance

NASDAQ:INTA opened at $33.73 on Monday. The firm has a market capitalization of $2.48 billion, a P/E ratio of -55.29 and a beta of 0.61. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $45.43. The business has a 50 day simple moving average of $35.45 and a 200 day simple moving average of $36.30.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.10. Intapp had a negative return on equity of 9.08% and a negative net margin of 10.44%. The company had revenue of $110.64 million for the quarter, compared to analysts’ expectations of $108.18 million. Research analysts anticipate that Intapp, Inc. will post -0.37 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Piper Sandler lowered their price target on Intapp from $52.00 to $46.00 and set an “overweight” rating for the company in a report on Friday, May 10th. Barclays dropped their target price on Intapp from $47.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Stifel Nicolaus decreased their price objective on shares of Intapp from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. BTIG Research reduced their target price on Intapp from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Intapp in a research note on Monday, July 8th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.88.

Institutional Trading of Intapp

A number of hedge funds and other institutional investors have recently made changes to their positions in INTA. J.Safra Asset Management Corp increased its position in shares of Intapp by 634.0% during the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after purchasing an additional 615 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Intapp by 239.1% in the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after purchasing an additional 581 shares during the last quarter. Blue Trust Inc. bought a new stake in shares of Intapp in the 2nd quarter worth approximately $30,000. Comerica Bank lifted its stake in Intapp by 218.4% during the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after purchasing an additional 865 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in Intapp by 164.6% during the fourth quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock worth $50,000 after buying an additional 815 shares in the last quarter. 89.96% of the stock is currently owned by 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.