Insider Selling: Intapp, Inc. (NASDAQ:INTA) CMO Sells 3,394 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) CMO Scott Fitzgerald sold 3,394 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $233,609.02. Following the transaction, the chief marketing officer now owns 52,090 shares in the company, valued at approximately $3,585,354.70. This trade represents a 6.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Scott Fitzgerald also recently made the following trade(s):

• On Thursday, January 2nd, Scott Fitzgerald sold 3,000 shares of Intapp stock. The shares were sold at an average price of $64.38, for a total value of $193,140.00.
• On Monday, December 2nd, Scott Fitzgerald sold 3,000 shares of Intapp stock. The stock was sold at an average price of $63.53, for a total value of $190,590.00.

Intapp Stock Down 4.7 %

INTA opened at $66.11 on Friday. The stock 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 12 month low of $30.36 and a 12 month high of $77.74. The company has a fifty day simple moving average of $68.13 and a 200 day simple moving average of $56.78.

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

Hedge Funds Weigh In On Intapp

A number of large investors have recently modified their holdings of INTA. Vanguard Group Inc. lifted its stake in Intapp by 11.8% in the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock valued at $408,139,000 after purchasing an additional 672,832 shares during the last quarter. FMR LLC lifted its stake in Intapp by 7.8% in the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock valued at $270,668,000 after purchasing an additional 411,434 shares during the last quarter. Bamco Inc. NY lifted its stake in Intapp by 1.2% in the 3rd quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock valued at $136,337,000 after purchasing an additional 34,409 shares during the last quarter. Invesco Ltd. lifted its stake in Intapp by 6,506.1% in the 4th quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock valued at $126,931,000 after purchasing an additional 1,950,526 shares during the last quarter. Finally, Praesidium Investment Management Company LLC lifted its stake in Intapp by 15.3% in the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock valued at $92,316,000 after purchasing an additional 256,327 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on INTA shares. Barclays lifted their price objective on Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. lifted their price objective on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Piper Sandler reiterated an “overweight” rating and issued a $71.00 price objective (up from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Citigroup reiterated a “neutral” rating and issued a $78.00 price objective (down from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Finally, Raymond James restated a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Intapp currently has an average rating of “Moderate Buy” and an average price target 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.