Intapp, Inc. (NASDAQ:INTA) Insider Sells $1,196,318.20 in Stock

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 20,174 shares of Intapp stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total transaction of $1,196,318.20. Following the transaction, the insider now directly owns 803,400 shares in the company, valued at approximately $47,641,620. This trade represents a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Thad Jampol also recently made the following trade(s):

• On Tuesday, October 8th, Thad Jampol sold 20,000 shares of Intapp stock. The shares were sold at an average price of $45.09, for a total value of $901,800.00.
• On Thursday, September 19th, Thad Jampol sold 31,666 shares of Intapp stock. The shares were sold at an average price of $49.09, for a total transaction of $1,554,483.94.

Intapp Trading Down 0.6 %

NASDAQ:INTA traded down $0.34 during mid-day trading on Monday, hitting $59.92. The stock had a trading volume of 674,119 shares, compared to its average volume of 642,684. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $60.88. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of -207.79 and a beta of 0.64. The company has a 50 day simple moving average of $51.33 and a 200-day simple moving average of $42.36.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share (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 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 business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.20) EPS. As a group, equities research analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current year.

Hedge Funds Weigh In On Intapp

Institutional investors and hedge funds have recently bought and sold shares of the stock. J.Safra Asset Management Corp raised its stake in shares of Intapp by 634.0% in the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after buying an additional 615 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Intapp by 239.1% during the first 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. Farther Finance Advisors LLC grew its position in Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after buying an additional 527 shares during the last quarter. Blue Trust Inc. acquired a new stake in shares of Intapp during the 2nd quarter valued at $30,000. Finally, Comerica Bank raised its position in shares of Intapp by 218.4% during the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after purchasing an additional 865 shares during the period. Institutional investors own 89.96% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on INTA shares. Raymond James upped their target price on shares of Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Citigroup upped their price objective on shares of Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Piper Sandler reiterated an “overweight” rating and issued a $60.00 price target (up previously from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Truist Financial reissued a “buy” rating and issued a $55.00 price target (up previously from $47.00) on shares of Intapp in a report on Tuesday, November 5th. Finally, Barclays upped their target price on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.