Intapp, Inc. (NASDAQ:INTA) Insider David Benjamin Harrison Sells 22,373 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) insider David Benjamin Harrison sold 22,373 shares of Intapp stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $68.87, for a total value of $1,540,828.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Intapp Stock Performance

Shares of INTA stock opened at $65.80 on Wednesday. The stock’s 50-day moving average is $57.25 and its two-hundred day moving average is $45.78. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $71.34. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of -226.90 and a beta of 0.74.

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

Hedge Funds Weigh In On Intapp

A number of institutional investors have recently modified their holdings of INTA. The Manufacturers Life Insurance Company boosted its stake in Intapp by 1.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company’s stock worth $1,187,000 after purchasing an additional 264 shares during the period. Harbor Capital Advisors Inc. lifted its position in Intapp by 7.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company’s stock worth $265,000 after acquiring an additional 373 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Intapp by 59.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock valued at $67,000 after purchasing an additional 519 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 527 shares during the period. Finally, Federated Hermes Inc. raised its stake in shares of Intapp by 9.8% during the second quarter. Federated Hermes Inc. now owns 7,805 shares of the company’s stock worth $286,000 after purchasing an additional 694 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INTA has been the topic of several analyst reports. Piper Sandler reaffirmed 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. Stifel Nicolaus raised their price objective on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Barclays boosted their target price on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Raymond James increased their target price on Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, Citigroup lifted their price target on Intapp from $63.00 to $87.00 and gave the stock a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $59.27.

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.