Intapp, Inc. (NASDAQ:INTA) CEO Sells $2,287,014.41 in Stock

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 33,227 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $2,287,014.41. Following the completion of the sale, the chief executive officer now owns 5,258,576 shares of the company’s stock, valued at $361,947,786.08. The trade was a 0.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Intapp Stock Performance

INTA opened at $66.11 on Friday. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $77.74. The stock has a market capitalization of $5.25 billion, a PE ratio of -227.96 and a beta of 0.74. The stock’s 50 day moving average price is $68.13 and its 200-day moving average price is $56.60.

Intapp (NASDAQ:INTA) last posted its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) 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%. Research analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on INTA. Stifel Nicolaus boosted their target price on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. boosted their price objective on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. UBS Group boosted their price objective on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Citigroup reiterated a “neutral” rating and issued a $78.00 price objective (down previously from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Finally, Raymond James reiterated a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.45.

Institutional Investors Weigh In On Intapp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INTA. Mackenzie Financial Corp bought a new position in Intapp in the fourth quarter worth $214,000. Palisades Investment Partners LLC raised its holdings in Intapp by 10.0% in the fourth quarter. Palisades Investment Partners LLC now owns 166,013 shares of the company’s stock worth $10,640,000 after purchasing an additional 15,123 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Intapp by 14.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 177,000 shares of the company’s stock worth $11,344,000 after purchasing an additional 21,972 shares in the last quarter. Voloridge Investment Management LLC raised its holdings in Intapp by 84.5% in the fourth quarter. Voloridge Investment Management LLC now owns 338,994 shares of the company’s stock worth $21,726,000 after purchasing an additional 155,286 shares in the last quarter. Finally, Vident Advisory LLC raised its holdings in Intapp by 34.3% in the fourth quarter. Vident Advisory LLC now owns 7,643 shares of the company’s stock worth $490,000 after purchasing an additional 1,950 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other 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.