Intapp, Inc. (NASDAQ:INTA) CMO Sells $309,605.30 in Stock

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

Intapp Trading Down 1.9 %

Shares of INTA stock opened at $60.15 on Thursday. The company has a market capitalization of $4.66 billion, a PE ratio of -207.41 and a beta of 0.64. The firm has a fifty day simple moving average of $51.85 and a 200-day simple moving average of $42.69. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $61.37.

Intapp (NASDAQ:INTA) last announced its earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.08. The business had revenue of $118.81 million during 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% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.20) earnings per share. Equities research analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Intapp by 42.7% in the first quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock valued at $172,002,000 after purchasing an additional 1,501,091 shares during the period. Jane Street Group LLC boosted its stake in Intapp by 766.2% during the 1st quarter. Jane Street Group LLC now owns 166,456 shares of the company’s stock valued at $5,709,000 after acquiring an additional 147,240 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Intapp by 1,054.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after acquiring an additional 527 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in Intapp by 29.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock valued at $71,392,000 after acquiring an additional 343,275 shares during the last quarter. Finally, George Kaiser Family Foundation boosted its stake in Intapp by 14.5% during the 3rd quarter. George Kaiser Family Foundation now owns 119,097 shares of the company’s stock valued at $5,696,000 after acquiring an additional 15,127 shares during the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on INTA. Piper Sandler reaffirmed an “overweight” rating and set a $60.00 price target (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Citigroup upped their price target on shares of Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. UBS Group upped their price target on shares of Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Truist Financial reaffirmed a “buy” rating and set a $55.00 price target (up previously from $47.00) on shares of Intapp in a research report on Tuesday, November 5th. Finally, Bank of America decreased their price objective on shares of Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently 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.