Insider Selling: Intapp, Inc. (NASDAQ:INTA) Director Sells $651,530.46 in Stock

Intapp, Inc. (NASDAQ:INTA) Director Ralph Baxter sold 9,289 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $70.14, for a total value of $651,530.46. Following the transaction, the director now directly owns 9,441 shares in the company, valued at approximately $662,191.74. This represents a 49.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ralph Baxter also recently made the following trade(s):

• On Tuesday, December 10th, Ralph Baxter sold 5,000 shares of Intapp stock. The shares were sold at an average price of $68.24, for a total value of $341,200.00.
• On Wednesday, November 6th, Ralph Baxter sold 50,000 shares of Intapp stock. The stock was sold at an average price of $57.10, for a total value of $2,855,000.00.
• On Thursday, October 10th, Ralph Baxter sold 5,000 shares of Intapp stock. The shares were sold at an average price of $47.44, for a total transaction of $237,200.00.

Intapp Price Performance

NASDAQ:INTA opened at $64.43 on Thursday. The business’s 50-day moving average is $57.60 and its two-hundred day moving average is $45.91. The firm has a market capitalization of $4.99 billion, a PE ratio of -222.17 and a beta of 0.74. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $71.34.

Intapp (NASDAQ:INTA) last announced its earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.13 by $0.08. The business had revenue of $118.81 million for the quarter, compared to the consensus estimate of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The company’s revenue was up 17.0% on a year-over-year basis. During the same period last year, the business posted ($0.20) EPS. Equities analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Comerica Bank grew its holdings in Intapp by 218.4% during the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after purchasing an additional 865 shares in the last quarter. Blue Trust Inc. acquired a new position in Intapp in the 2nd quarter worth $30,000. Hennion & Walsh Asset Management Inc. boosted its position in Intapp by 13.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 15,398 shares of the company’s stock valued at $565,000 after buying an additional 1,787 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Intapp by 8.0% during the second quarter. Bank of New York Mellon Corp now owns 145,205 shares of the company’s stock valued at $5,325,000 after acquiring an additional 10,789 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Intapp by 99.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,813 shares of the company’s stock worth $397,000 after acquiring an additional 5,394 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Citigroup raised their target price on shares of Intapp from $63.00 to $87.00 and gave the stock a “buy” rating in a research report on Monday. Barclays lifted their price target on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Stifel Nicolaus upped their price objective on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday. Raymond James lifted their target price on Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, Piper Sandler reissued an “overweight” rating and set a $60.00 price target (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $60.64.

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.