Insider Selling: Intapp, Inc. (NASDAQ:INTA) CMO Sells 3,000 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) CMO Scott Fitzgerald sold 3,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $64.38, for a total transaction of $193,140.00. Following the completion of the sale, the chief marketing officer now directly owns 39,212 shares of the company’s stock, valued at $2,524,468.56. This represents a 7.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 transaction of $190,590.00.
• On Thursday, November 21st, Scott Fitzgerald sold 5,221 shares of Intapp stock. The shares were sold at an average price of $59.30, for a total transaction of $309,605.30.

Intapp Stock Down 0.9 %

Shares of NASDAQ:INTA opened at $62.10 on Wednesday. The firm has a fifty day simple moving average of $61.89 and a two-hundred day simple moving average of $48.98. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $71.34. The stock has a market capitalization of $4.81 billion, a P/E ratio of -214.14 and a beta of 0.73.

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

Hedge Funds Weigh In On Intapp

Large investors have recently modified their holdings of the stock. FMR LLC lifted its position in Intapp by 7.8% in the third quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after buying an additional 411,434 shares during the last quarter. Bamco Inc. NY raised 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 valued at $136,337,000 after acquiring an additional 34,409 shares during the period. Praesidium Investment Management Company LLC lifted its holdings in shares of Intapp by 15.3% in the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock worth $92,316,000 after acquiring an additional 256,327 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake 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 worth $71,392,000 after purchasing an additional 343,275 shares during the period. Finally, Geode Capital Management LLC grew its holdings in 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 purchasing an additional 95,035 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Truist Financial boosted their price objective on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Citigroup boosted their price target on Intapp from $63.00 to $87.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Stifel Nicolaus increased their price objective on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Piper Sandler reissued an “overweight” rating and issued a $60.00 target price (up previously from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Finally, Barclays raised their target price on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $60.64.

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.