Intapp, Inc. (NASDAQ:INTA) Insider Sells $1,407,282.52 in Stock

Intapp, Inc. (NASDAQ:INTA) insider Michele Murgel sold 23,404 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $60.13, for a total transaction of $1,407,282.52. Following the sale, the insider now directly owns 185,220 shares of the company’s stock, valued at $11,137,278.60. This represents a 11.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Michele Murgel also recently made the following trade(s):

• On Monday, February 24th, Michele Murgel sold 4,632 shares of Intapp stock. The shares were sold at an average price of $64.54, for a total transaction of $298,949.28.
• On Thursday, February 20th, Michele Murgel sold 7,531 shares of Intapp stock. The stock was sold at an average price of $68.83, for a total transaction of $518,358.73.

Intapp Trading Up 2.8 %

INTA stock opened at $60.43 on Thursday. The firm has a market cap of $4.80 billion, a PE ratio of -208.37 and a beta of 0.76. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $77.74. The company has a fifty day simple moving average of $67.07 and a 200 day simple moving average of $59.51.

Intapp (NASDAQ:INTA) last released its quarterly 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%. As a group, analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Citigroup reaffirmed 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. UBS Group lifted their target price on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Barclays increased their price target on shares of Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Stifel Nicolaus boosted their price objective on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Raymond James reiterated a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.45.

Hedge Funds Weigh In On Intapp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Intapp by 11.8% in the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock worth $408,139,000 after buying an additional 672,832 shares during the last quarter. FMR LLC raised its holdings in Intapp by 7.8% in the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after acquiring an additional 411,434 shares during the period. Bamco Inc. NY lifted its position in Intapp by 1.2% during the 3rd quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock worth $136,337,000 after acquiring an additional 34,409 shares during the last quarter. Invesco Ltd. boosted its holdings in Intapp by 6,506.1% during the fourth quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock valued at $126,931,000 after acquiring an additional 1,950,526 shares during the period. Finally, Praesidium Investment Management Company LLC grew its position in shares of Intapp by 15.3% in the third 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. 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.