Intapp, Inc. (NASDAQ:INTA) CFO David H. Morton, Jr. Sells 3,349 Shares

Intapp, Inc. (NASDAQ:INTA) CFO David H. Morton, Jr. sold 3,349 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $64.54, for a total transaction of $216,144.46. Following the completion of the transaction, the chief financial officer now directly owns 31,656 shares in the company, valued at approximately $2,043,078.24. This represents a 9.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Intapp Stock Down 0.9 %

NASDAQ INTA traded down $0.60 on Tuesday, hitting $65.30. The company’s stock had a trading volume of 734,002 shares, compared to its average volume of 754,694. The firm has a market cap of $5.18 billion, a PE ratio of -225.16 and a beta of 0.74. The company’s 50-day moving average is $68.08 and its 200 day moving average is $57.19. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $77.74.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts expect that Intapp, Inc. will post -0.14 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on INTA. Stifel Nicolaus lifted their price objective on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. UBS Group upped their price objective on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Citigroup reiterated a “neutral” rating and issued a $78.00 target price (down previously from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Raymond James reissued a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Finally, Barclays lifted their price target on shares of Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.45.

Institutional Trading of Intapp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INTA. Global Retirement Partners LLC bought a new stake in shares of Intapp in the 4th quarter valued at $25,000. Raleigh Capital Management Inc. acquired a new position in Intapp in the fourth quarter valued at $25,000. SBI Securities Co. Ltd. bought a new stake in Intapp during the fourth quarter valued at $32,000. Farther Finance Advisors LLC grew its holdings in Intapp by 1,054.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after acquiring an additional 527 shares during the period. Finally, Johnson Financial Group Inc. raised its position in shares of Intapp by 273.8% in the 4th quarter. Johnson Financial Group Inc. now owns 826 shares of the company’s stock worth $53,000 after acquiring an additional 605 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

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.