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

Intapp, Inc. (NASDAQ:INTA) CMO Scott Fitzgerald sold 5,221 shares of the stock in a transaction 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 sale, the chief marketing officer now directly owns 46,552 shares in the company, valued at approximately $2,760,533.60. This trade represents a 10.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Intapp Stock Up 2.3 %

NASDAQ INTA opened at $61.32 on Wednesday. The company has a market cap of $4.75 billion, a price-to-earnings ratio of -211.45 and a beta of 0.64. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $61.37. The business’s fifty day moving average is $51.57 and its 200 day moving average is $42.52.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The firm 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 business’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period last year, the firm posted ($0.20) earnings per share. On average, research analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Intapp

A number of institutional investors have recently added to or reduced their stakes in INTA. Wilmington Savings Fund Society FSB acquired a new position in shares of Intapp during the third quarter worth $64,000. Sanctuary Advisors LLC bought a new position in Intapp during the 3rd quarter worth $239,000. Virtu Financial LLC acquired a new position in Intapp during the 3rd quarter worth about $609,000. Geode Capital Management LLC raised its position in shares of Intapp by 9.9% during the third quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock worth $50,291,000 after acquiring an additional 95,035 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Intapp by 90.1% in the third quarter. Barclays PLC now owns 106,781 shares of the company’s stock worth $5,108,000 after acquiring an additional 50,607 shares during the period. 89.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on INTA shares. JPMorgan Chase & Co. increased their price objective on shares of Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Stifel Nicolaus lifted their price objective on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Citigroup upped 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. UBS Group raised their target price on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Finally, Piper Sandler reissued an “overweight” rating and set a $60.00 price target (up previously 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 issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $53.55.

About Intapp

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.