David H. Morton, Jr. Sells 5,445 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) CFO David H. Morton, Jr. sold 5,445 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $374,779.35. Following the completion of the transaction, the chief financial officer now owns 38,996 shares in the company, valued at approximately $2,684,094.68. This trade represents a 12.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Intapp Stock Down 4.7 %

Shares of NASDAQ:INTA traded down $3.25 during trading on Friday, hitting $66.11. 1,297,240 shares of the company traded hands, compared to its average volume of 755,984. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of -227.96 and a beta of 0.74. The business’s fifty day moving average is $68.18 and its 200-day moving average is $56.36. Intapp, Inc. has a one year low of $30.36 and a one year high of $77.74.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data 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 EPS for the current year.

Analyst Upgrades and Downgrades

INTA has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Raymond James restated a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Citigroup restated a “neutral” rating and set a $78.00 price objective (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Barclays upped their price objective on Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus upped their price objective on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.45.

Hedge Funds Weigh In On Intapp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Intapp by 11.8% in the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock worth $408,139,000 after buying an additional 672,832 shares in the last quarter. FMR LLC grew its holdings in Intapp by 7.8% in the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after buying an additional 411,434 shares in the last quarter. Bamco Inc. NY boosted its stake in Intapp by 1.2% during the 3rd quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock valued at $136,337,000 after purchasing an additional 34,409 shares in the last quarter. Invesco Ltd. boosted its stake in Intapp by 6,506.1% during the 4th 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 in the last quarter. Finally, Praesidium Investment Management Company LLC boosted its stake in Intapp by 15.3% during the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock valued at $92,316,000 after purchasing an additional 256,327 shares in the last quarter. 89.96% of the stock is 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.