Insider Selling: Intapp, Inc. (NASDAQ:INTA) CMO Sells 3,394 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) CMO Scott Fitzgerald sold 3,394 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $233,609.02. Following the completion of the sale, the chief marketing officer now owns 52,090 shares of the company’s stock, valued at $3,585,354.70. This represents a 6.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Scott Fitzgerald also recently made the following trade(s):

• On Thursday, January 2nd, Scott Fitzgerald sold 3,000 shares of Intapp stock. The stock was sold at an average price of $64.38, for a total transaction of $193,140.00.
• On Monday, December 2nd, Scott Fitzgerald sold 3,000 shares of Intapp stock. The stock was sold at an average price of $63.53, for a total transaction of $190,590.00.

Intapp Price Performance

Shares of NASDAQ INTA traded down $3.25 during mid-day trading on Friday, hitting $66.11. The company had a trading volume of 1,297,240 shares, compared to its average volume of 755,984. The business’s 50-day simple moving average is $68.18 and its 200-day simple moving average is $56.36. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $77.74. The firm has a market cap of $5.25 billion, a P/E ratio of -227.96 and a beta of 0.74.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. As a group, sell-side analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Institutional Investors Weigh In On Intapp

Several hedge funds have recently made changes to their positions in INTA. Invesco Ltd. lifted its stake in shares of Intapp by 6,506.1% in the fourth quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock valued at $126,931,000 after buying an additional 1,950,526 shares during the period. Luxor Capital Group LP acquired a new position in Intapp in the third quarter worth about $47,837,000. Vanguard Group Inc. raised its position in Intapp by 11.8% in the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock worth $408,139,000 after purchasing an additional 672,832 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Intapp by 408.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 720,994 shares of the company’s stock worth $46,209,000 after purchasing an additional 579,075 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in Intapp in the fourth quarter worth about $30,563,000. Institutional investors own 89.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on INTA. Truist Financial upped their price objective on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Barclays upped their price objective 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. Raymond James restated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Piper Sandler restated an “overweight” rating and set a $71.00 price target (up from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Finally, UBS Group upped their price target on shares of Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.