Intapp, Inc. (NASDAQ:INTA) Insider Thad Jampol Sells 20,000 Shares

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 20,000 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $61.85, for a total value of $1,237,000.00. Following the transaction, the insider now directly owns 828,197 shares of the company’s stock, valued at $51,223,984.45. This represents a 2.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Thad Jampol also recently made the following trade(s):

• On Monday, December 9th, Thad Jampol sold 20,000 shares of Intapp stock. The shares were sold at an average price of $67.97, for a total transaction of $1,359,400.00.
• On Thursday, November 21st, Thad Jampol sold 20,174 shares of Intapp stock. The stock was sold at an average price of $59.30, for a total value of $1,196,318.20.

Intapp Stock Up 5.9 %

Shares of Intapp stock traded up $3.71 during trading hours on Friday, reaching $67.05. 1,065,046 shares of the stock traded hands, compared to its average volume of 569,306. Intapp, Inc. has a one year low of $30.36 and a one year high of $71.34. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of -231.21 and a beta of 0.73. The company has a 50 day moving average price of $62.40 and a 200 day moving average price of $49.18.

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

Analyst Ratings Changes

INTA has been the topic of a number of analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $60.00 price target (up previously from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Stifel Nicolaus increased their price target on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Raymond James restated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Truist Financial increased their target price on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, JPMorgan Chase & Co. boosted their price target on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.64.

Institutional Trading of Intapp

A number of hedge funds and other institutional investors have recently bought and sold shares of INTA. FMR LLC increased 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 in the last quarter. Bamco Inc. NY increased its stake in shares of Intapp by 1.2% in the third quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock worth $136,337,000 after purchasing an additional 34,409 shares in the last quarter. Praesidium Investment Management Company LLC increased its stake 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 worth $92,316,000 after purchasing an additional 256,327 shares in the last quarter. Loomis Sayles & Co. L P raised its position in shares of Intapp by 29.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock valued at $71,392,000 after purchasing an additional 343,275 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Intapp by 9.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock valued at $50,291,000 after buying an additional 95,035 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Intapp Company Profile

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.