Insider Selling: Intapp, Inc. (NASDAQ:INTA) Insider Sells $1,196,318.20 in Stock

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 20,174 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total transaction of $1,196,318.20. Following the sale, the insider now owns 803,400 shares in the company, valued at $47,641,620. This represents a 2.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Thad Jampol also recently made the following trade(s):

• On Tuesday, October 8th, Thad Jampol sold 20,000 shares of Intapp stock. The stock was sold at an average price of $45.09, for a total transaction of $901,800.00.
• On Thursday, September 19th, Thad Jampol sold 31,666 shares of Intapp stock. The shares were sold at an average price of $49.09, for a total value of $1,554,483.94.

Intapp Trading Down 0.6 %

Intapp stock traded down $0.34 during trading hours on Monday, reaching $59.92. 674,119 shares of the company were exchanged, compared to its average volume of 642,684. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $60.88. The stock has a 50-day moving average of $51.33 and a 200 day moving average of $42.36. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of -207.79 and a beta of 0.64.

Intapp (NASDAQ:INTA) last announced its earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.13 by $0.08. The firm had revenue of $118.81 million for the quarter, compared to the consensus estimate of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The business’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.20) EPS. As a group, research analysts forecast that Intapp, Inc. will post -0.14 EPS for the current year.

Analyst Upgrades and Downgrades

INTA has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. UBS Group upped their price objective on shares of Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Barclays lifted their target price on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Raymond James upped their price target on shares of Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Finally, Piper Sandler reissued an “overweight” rating and set a $60.00 price objective (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $53.55.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. J.Safra Asset Management Corp grew its position in Intapp by 634.0% during the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after buying an additional 615 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Intapp by 239.1% during the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after purchasing an additional 581 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Intapp by 1,054.0% during the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after buying an additional 527 shares in the last quarter. Blue Trust Inc. bought a new stake in Intapp in the 2nd quarter valued at $30,000. Finally, Comerica Bank raised its stake in shares of Intapp by 218.4% in the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after buying an additional 865 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.