Intapp, Inc. (NASDAQ:INTA) Insider Michele Murgel Sells 1,962 Shares

Intapp, Inc. (NASDAQ:INTA) insider Michele Murgel sold 1,962 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $60.00, for a total transaction of $117,720.00. Following the transaction, the insider now directly owns 182,462 shares of the company’s stock, valued at $10,947,720. The trade was a 1.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, March 17th, Michele Murgel sold 23,404 shares of Intapp stock. The shares were sold at an average price of $60.13, for a total value of $1,407,282.52.
• On Monday, February 24th, Michele Murgel sold 4,632 shares of Intapp stock. The stock was sold at an average price of $64.54, for a total value of $298,949.28.
• 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 Up 1.2 %

INTA stock traded up $0.72 during trading on Friday, reaching $60.95. 729,153 shares of the stock were exchanged, compared to its average volume of 641,420. The firm’s 50 day moving average is $67.01 and its 200 day moving average is $59.51. The firm has a market cap of $4.84 billion, a P/E ratio of -210.17 and a beta of 0.76. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $77.74.

Intapp (NASDAQ:INTA) last issued its earnings results 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%. As a group, analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

INTA has been the topic of several analyst reports. Stifel Nicolaus upped their target price on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Piper Sandler reaffirmed an “overweight” rating and issued a $71.00 price objective (up from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Raymond James reissued a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. JPMorgan Chase & Co. upped their price target 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 lifted their price objective on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Intapp presently has an average rating of “Moderate Buy” and a consensus target price of $66.45.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Victory Capital Management Inc. lifted its position in Intapp by 2.0% in the 4th quarter. Victory Capital Management Inc. now owns 8,652 shares of the company’s stock valued at $555,000 after acquiring an additional 171 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Intapp by 8.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company’s stock worth $190,000 after purchasing an additional 239 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Intapp by 1.1% in the third quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company’s stock valued at $1,187,000 after purchasing an additional 264 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of Intapp during the fourth quarter valued at approximately $25,000. Finally, Raleigh Capital Management Inc. bought a new stake in Intapp during the fourth quarter worth $25,000. 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.