Intapp, Inc. (NASDAQ:INTA) CMO Scott Fitzgerald Sells 5,221 Shares

Intapp, Inc. (NASDAQ:INTA) CMO Scott Fitzgerald sold 5,221 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total value of $309,605.30. Following the transaction, the chief marketing officer now owns 46,552 shares in the company, valued at $2,760,533.60. The trade was a 10.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Intapp Trading Up 2.3 %

Shares of Intapp stock opened at $61.32 on Wednesday. The company has a market capitalization of $4.75 billion, a P/E ratio of -211.45 and a beta of 0.64. The stock has a fifty day simple moving average of $51.57 and a 200 day simple moving average of $42.52. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $61.37.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on INTA shares. Piper Sandler reissued an “overweight” rating and set a $60.00 target price (up from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Barclays increased their price objective on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Stifel Nicolaus boosted their target price on Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Bank of America reduced their price objective on Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Finally, Raymond James upped their target price on Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a research report 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.55.

Hedge Funds Weigh In On Intapp

Several hedge funds have recently modified their holdings of INTA. Farther Finance Advisors LLC grew its holdings in shares of Intapp by 1,054.0% in the third 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. J.Safra Asset Management Corp grew its stake in Intapp by 634.0% in the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after purchasing an additional 615 shares during the period. Advisors Asset Management Inc. increased its position in shares of Intapp by 239.1% during the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after purchasing an additional 581 shares during the last quarter. Blue Trust Inc. purchased a new stake in shares of Intapp during the 2nd quarter valued at $30,000. Finally, Quest Partners LLC bought a new stake in shares of Intapp during the 3rd quarter worth $54,000. Institutional investors own 89.96% of the company’s stock.

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.