Intapp, Inc. (NASDAQ:INTA) COO Sells $174,700.00 in Stock

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 5,000 shares of Intapp stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $34.94, for a total value of $174,700.00. Following the completion of the transaction, the chief operating officer now owns 648,411 shares in the company, valued at approximately $22,655,480.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Intapp Stock Performance

INTA stock traded down $0.99 during trading on Friday, hitting $33.73. The company had a trading volume of 390,024 shares, compared to its average volume of 610,868. The business has a 50-day moving average of $35.50 and a 200-day moving average of $36.44. Intapp, Inc. has a one year low of $30.36 and a one year high of $45.43.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, May 7th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.10. Intapp had a negative return on equity of 9.08% and a negative net margin of 10.44%. The business had revenue of $110.64 million for the quarter, compared to analysts’ expectations of $108.18 million. As a group, research analysts forecast that Intapp, Inc. will post -0.37 earnings per share for the current year.

Hedge Funds Weigh In On Intapp

Several institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers raised its position in shares of Intapp by 9.6% during the second quarter. Rhumbline Advisers now owns 54,656 shares of the company’s stock worth $2,004,000 after purchasing an additional 4,794 shares during the period. nVerses Capital LLC acquired a new position in shares of Intapp during the second quarter worth approximately $147,000. F M Investments LLC acquired a new position in shares of Intapp during the second quarter worth approximately $7,006,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Intapp by 99.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,813 shares of the company’s stock worth $397,000 after purchasing an additional 5,394 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Intapp by 8.0% during the second quarter. Bank of New York Mellon Corp now owns 145,205 shares of the company’s stock worth $5,325,000 after purchasing an additional 10,789 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on INTA. Citigroup decreased their target price on Intapp from $52.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. Stifel Nicolaus reduced their price target on Intapp from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Oppenheimer restated a “market perform” rating on shares of Intapp in a report on Monday, July 8th. Piper Sandler reduced their price target on Intapp from $52.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, May 10th. Finally, Barclays reduced their price target on Intapp from $47.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Intapp presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.88.

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.