Intapp, Inc. (NASDAQ:INTA) CFO David H. Morton, Jr. Sells 4,204 Shares

Intapp, Inc. (NASDAQ:INTA) CFO David H. Morton, Jr. sold 4,204 shares of Intapp stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $59.97, for a total transaction of $252,113.88. Following the transaction, the chief financial officer now owns 27,331 shares of the company’s stock, valued at $1,639,040.07. This represents a 13.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Intapp Stock Up 2.3 %

Shares of NASDAQ INTA traded up $1.40 during trading on Tuesday, reaching $61.32. The company had a trading volume of 412,900 shares, compared to its average volume of 640,753. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $61.37. The business’s 50-day moving average is $51.57 and its 200 day moving average is $42.52. The stock has a market cap of $4.75 billion, a PE ratio of -206.62 and a beta of 0.64.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.13 by $0.08. The company had revenue of $118.81 million for the quarter, compared to the consensus estimate of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. Intapp’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.20) EPS. On average, analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

INTA has been the subject of a number of research analyst reports. Truist Financial reaffirmed a “buy” rating and set a $55.00 price target (up from $47.00) on shares of Intapp in a research report on Tuesday, November 5th. Citigroup boosted their target price on shares of Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. raised their price objective on shares of Intapp from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Stifel Nicolaus increased their target price on shares of Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Finally, Piper Sandler restated an “overweight” rating and set a $60.00 price target (up from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Intapp has an average rating of “Moderate Buy” and an average target price of $53.55.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of INTA. Sei Investments Co. grew its stake in shares of Intapp by 13.4% in the first quarter. Sei Investments Co. now owns 13,858 shares of the company’s stock worth $475,000 after acquiring an additional 1,638 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Intapp by 42.7% during the 1st quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock valued at $172,002,000 after buying an additional 1,501,091 shares during the period. American International Group Inc. boosted its stake in shares of Intapp by 42.6% in the 1st quarter. American International Group Inc. now owns 19,642 shares of the company’s stock worth $674,000 after buying an additional 5,864 shares during the last quarter. Shell Asset Management Co. bought a new stake in shares of Intapp in the first quarter worth $179,000. Finally, Advisors Asset Management Inc. lifted its holdings in Intapp by 239.1% in the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after acquiring an additional 581 shares during the period. 89.96% of the stock is owned by institutional investors.

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.