Insider Selling: Intapp, Inc. (NASDAQ:INTA) Insider Sells 4,632 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) insider Michele Murgel sold 4,632 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $64.54, for a total transaction of $298,949.28. Following the completion of the transaction, the insider now directly owns 213,794 shares of the company’s stock, valued at approximately $13,798,264.76. The trade was a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Michele Murgel also recently made the following trade(s):

• On Thursday, February 20th, Michele Murgel sold 7,531 shares of Intapp stock. The stock was sold at an average price of $68.83, for a total value of $518,358.73.

Intapp Trading Down 0.9 %

NASDAQ:INTA traded down $0.60 during trading hours on Tuesday, hitting $65.30. 734,002 shares of the company traded hands, compared to its average volume of 754,694. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $77.74. The firm has a 50-day moving average of $68.08 and a 200 day moving average of $57.19. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of -225.16 and a beta of 0.74.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data 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 return on equity of 1.86% and a negative net margin of 4.78%. Equities research analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Intapp

Several institutional investors and hedge funds have recently made changes to their positions in INTA. FORA Capital LLC acquired a new stake in shares of Intapp in the third quarter valued at $566,000. Loomis Sayles & Co. L P grew its holdings in Intapp by 29.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after acquiring an additional 343,275 shares during the last quarter. Farther Finance Advisors LLC increased its position in Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after acquiring an additional 527 shares in the last quarter. Barclays PLC raised its stake in shares of Intapp by 90.1% in the third quarter. Barclays PLC now owns 106,781 shares of the company’s stock worth $5,108,000 after acquiring an additional 50,607 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in shares of Intapp during the fourth quarter worth approximately $305,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

INTA has been the subject of a number of research analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $71.00 price target (up from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Barclays boosted their target price on shares of Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. UBS Group lifted 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. JPMorgan Chase & Co. raised their target price on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, Citigroup reissued a “neutral” rating and issued a $78.00 price target (down previously from $87.00) on shares of Intapp in a report on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.45.

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.