Insider Selling: Intapp, Inc. (NASDAQ:INTA) CFO Sells 4,204 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) CFO David H. Morton, Jr. sold 4,204 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $59.97, for a total value of $252,113.88. Following the completion of the transaction, the chief financial officer now directly owns 27,331 shares in the company, valued at $1,639,040.07. This trade represents a 13.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Intapp Trading Up 2.3 %

INTA traded up $1.40 during trading hours on Tuesday, hitting $61.32. The company’s stock had a trading volume of 412,900 shares, compared to its average volume of 640,753. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of -206.62 and a beta of 0.64. The business’s 50-day moving average price is $51.57 and its 200-day moving average price is $42.52. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $61.37.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The business had revenue of $118.81 million during the quarter, compared to analysts’ expectations 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 revenue was up 17.0% on a year-over-year basis. During the same period last year, the company posted ($0.20) EPS. On average, analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of INTA. Wilmington Savings Fund Society FSB purchased a new position in shares of Intapp during the third quarter valued at approximately $64,000. Sanctuary Advisors LLC bought a new stake in shares of Intapp during the third quarter valued at approximately $239,000. Virtu Financial LLC bought a new position in shares of Intapp during the 3rd quarter worth $609,000. Geode Capital Management LLC raised its holdings in shares of Intapp by 9.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock valued at $50,291,000 after purchasing an additional 95,035 shares in the last quarter. Finally, Barclays PLC boosted its position in Intapp by 90.1% during the 3rd quarter. Barclays PLC now owns 106,781 shares of the company’s stock valued at $5,108,000 after acquiring an additional 50,607 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Bank of America decreased their target price on shares of Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Stifel Nicolaus raised their price objective on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Raymond James raised their price target on Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. UBS Group boosted their price objective on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Barclays lifted their target price on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $53.55.

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.