Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall Sells 33,227 Shares

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 33,227 shares of Intapp stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $2,287,014.41. Following the completion of the sale, the chief executive officer now directly owns 5,258,576 shares of the company’s stock, valued at approximately $361,947,786.08. This trade represents a 0.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Intapp Stock Down 4.7 %

INTA stock opened at $66.11 on Friday. The firm has a market capitalization of $5.25 billion, a PE ratio of -227.96 and a beta of 0.74. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $77.74. The stock has a 50-day simple moving average of $68.13 and a two-hundred day simple moving average of $56.60.

Intapp (NASDAQ:INTA) last posted its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. On average, equities research analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Raleigh Capital Management Inc. purchased a new position in shares of Intapp during the fourth quarter worth about $25,000. Global Retirement Partners LLC purchased a new position in shares of Intapp during the fourth quarter worth about $25,000. Farther Finance Advisors LLC grew its holdings 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 in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Intapp during the fourth quarter worth about $32,000. Finally, Johnson Financial Group Inc. grew its holdings 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 in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Analyst Ratings Changes

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

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.