Intapp, Inc. (NASDAQ:INTA) CEO Sells $1,839,124.38 in Stock

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 28,443 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $64.66, for a total value of $1,839,124.38. Following the completion of the sale, the chief executive officer now owns 5,213,782 shares in the company, valued at approximately $337,123,144.12. This represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Intapp Stock Down 2.3 %

NASDAQ INTA opened at $64.58 on Friday. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of -222.68 and a beta of 0.74. The business has a fifty day moving average of $68.10 and a 200-day moving average of $57.53. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $77.74.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data 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 return on equity of 1.86% and a negative net margin of 4.78%. As a group, analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current year.

Hedge Funds Weigh In On Intapp

Large investors have recently bought and sold shares of the stock. Mackenzie Financial Corp acquired a new stake in Intapp during the fourth quarter worth about $214,000. Palisades Investment Partners LLC boosted its position in Intapp by 10.0% during the 4th 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of 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 valued at $11,344,000 after buying an additional 21,972 shares in the last quarter. Voloridge Investment Management LLC raised its stake in shares of Intapp by 84.5% during the fourth quarter. Voloridge Investment Management LLC now owns 338,994 shares of the company’s stock valued at $21,726,000 after purchasing an additional 155,286 shares during the period. Finally, Vident Advisory LLC lifted its holdings in Intapp by 34.3% in the 4th quarter. Vident Advisory LLC now owns 7,643 shares of the company’s stock worth $490,000 after buying an additional 1,950 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on INTA shares. Citigroup reissued a “neutral” rating and set a $78.00 price objective (down previously from $87.00) on shares of Intapp in a report on Thursday, January 16th. Raymond James restated a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Piper Sandler restated an “overweight” rating and set a $71.00 price target (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. JPMorgan Chase & Co. raised their price objective on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, UBS Group boosted their target price on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.