Insider Selling: Intapp, Inc. (NASDAQ:INTA) Director Sells 9,289 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) Director Ralph Baxter sold 9,289 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $70.14, for a total transaction of $651,530.46. Following the transaction, the director now directly owns 9,441 shares of the company’s stock, valued at $662,191.74. This represents a 49.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, December 10th, Ralph Baxter sold 5,000 shares of Intapp stock. The stock was sold at an average price of $68.24, for a total value of $341,200.00.
• On Wednesday, November 6th, Ralph Baxter sold 50,000 shares of Intapp stock. The shares were sold at an average price of $57.10, for a total value of $2,855,000.00.
• On Thursday, October 10th, Ralph Baxter sold 5,000 shares of Intapp stock. The stock was sold at an average price of $47.44, for a total value of $237,200.00.

Intapp Stock Performance

Intapp stock opened at $68.36 on Tuesday. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $71.34. The stock has a fifty day moving average of $56.84 and a two-hundred day moving average of $45.57. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of -235.72 and a beta of 0.74.

Intapp (NASDAQ:INTA) last released its earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating 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 net margin of 4.74% and a negative return on equity of 2.08%. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.20) EPS. On average, analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Institutional Trading of Intapp

A number of hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. boosted its holdings in shares of Intapp by 28.4% during the third quarter. Franklin Resources Inc. now owns 456,619 shares of the company’s stock worth $22,173,000 after purchasing an additional 100,982 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Intapp in the 3rd quarter valued at about $64,000. Sanctuary Advisors LLC acquired a new position in shares of Intapp during the 3rd quarter valued at about $239,000. Virtu Financial LLC purchased a new position in shares of Intapp during the 3rd quarter worth about $609,000. Finally, Geode Capital Management LLC grew its holdings in Intapp by 9.9% in the third 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 during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on INTA shares. 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. Truist Financial upped their target price on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday. Barclays lifted their price target on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Citigroup upped their price target on Intapp from $63.00 to $87.00 and gave the stock a “buy” rating in a report on Monday. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $60.00 price objective (up from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Intapp has a consensus rating of “Moderate Buy” and a consensus price target of $59.27.

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.