Intapp, Inc. (NASDAQ:INTA) Director Ralph Baxter Sells 5,000 Shares

Intapp, Inc. (NASDAQ:INTA) Director Ralph Baxter sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $68.24, for a total value of $341,200.00. Following the transaction, the director now directly owns 9,441 shares of the company’s stock, valued at approximately $644,253.84. This trade represents a 34.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ralph Baxter also recently made the following trade(s):

• On Wednesday, November 6th, Ralph Baxter sold 50,000 shares of Intapp stock. The stock was sold at an average price of $57.10, for a total transaction of $2,855,000.00.
• On Thursday, October 10th, Ralph Baxter sold 5,000 shares of Intapp stock. The shares were sold at an average price of $47.44, for a total transaction of $237,200.00.

Intapp Stock Down 0.8 %

INTA stock opened at $69.47 on Friday. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $71.34. The company has a fifty day moving average price of $55.92 and a 200-day moving average price of $45.00.

Intapp (NASDAQ:INTA) last posted 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 company had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.20) earnings per share. On average, equities research analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on INTA. Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 target price (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Truist Financial reissued a “buy” rating and issued a $55.00 price objective (up previously from $47.00) on shares of Intapp in a report on Tuesday, November 5th. Barclays upped their price target 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. Citigroup lifted their target price on Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Finally, Stifel Nicolaus lifted their price objective on shares of Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Intapp presently has an average rating of “Moderate Buy” and an average target price of $55.09.

Institutional Investors Weigh In On Intapp

A number of large investors have recently bought and sold shares of the stock. J.Safra Asset Management Corp raised its position in shares of 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 purchasing an additional 615 shares during the period. Farther Finance Advisors LLC increased its position in shares of 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 acquiring an additional 527 shares in the last quarter. Blue Trust Inc. acquired a new stake in shares of Intapp in the 2nd quarter worth about $30,000. Comerica Bank lifted its position in 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 acquiring an additional 865 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in Intapp during the 3rd quarter valued at about $54,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.