Insider Selling: Intapp, Inc. (NASDAQ:INTA) COO Sells 12,601 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 12,601 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $867,326.83. Following the transaction, the chief operating officer now owns 438,721 shares of the company’s stock, valued at $30,197,166.43. This trade represents a 2.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Intapp Price Performance

Shares of NASDAQ INTA traded down $3.25 during midday trading on Friday, hitting $66.11. The stock had a trading volume of 1,297,240 shares, compared to its average volume of 755,984. The company’s 50-day simple moving average is $68.18 and its 200 day simple moving average is $56.36. The firm has a market cap of $5.25 billion, a P/E ratio of -227.96 and a beta of 0.74. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $77.74.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, February 4th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. Equities analysts expect that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Intapp

Institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC acquired a new stake in shares of Intapp during the fourth quarter worth $25,000. Raleigh Capital Management Inc. acquired a new stake in shares of Intapp during the fourth quarter worth $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of Intapp during the fourth quarter worth $32,000. Farther Finance Advisors LLC grew its stake 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 purchasing an additional 527 shares during the period. Finally, Johnson Financial Group Inc. grew its stake in shares of Intapp by 273.8% during the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company’s stock worth $53,000 after purchasing an additional 605 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on INTA shares. Truist Financial raised their target price on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Stifel Nicolaus raised their price target on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. raised their price target on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Piper Sandler reaffirmed an “overweight” rating and set a $71.00 price target (up from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Finally, UBS Group raised their price target on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Intapp presently has an average rating of “Moderate Buy” and a consensus price target of $66.45.

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.