Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall Sells 70,986 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 70,986 shares of Intapp stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $68.83, for a total transaction of $4,885,966.38. Following the completion of the transaction, the chief executive officer now directly owns 5,026,096 shares of the company’s stock, valued at $345,946,187.68. This trade represents a 1.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Intapp Trading Down 2.1 %

NASDAQ INTA opened at $64.43 on Thursday. The company has a market capitalization of $4.99 billion, a PE ratio of -222.17 and a beta of 0.74. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $71.34. The firm’s fifty day simple moving average is $57.60 and its 200-day simple moving average is $45.91.

Intapp (NASDAQ:INTA) last posted its earnings results on Monday, November 4th. The company reported $0.21 earnings per share (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 analysts’ expectations of $117.88 million. During the same period in the previous year, the company earned ($0.20) earnings per share. The company’s revenue was up 17.0% compared to the same quarter last year. As a group, analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Hedge Funds Weigh In On Intapp

Several institutional investors have recently bought and sold shares of INTA. FORA Capital LLC bought a new stake in shares of Intapp during the 3rd quarter worth $566,000. Loomis Sayles & Co. L P grew its position in shares of Intapp by 29.9% in the third 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 last quarter. Farther Finance Advisors LLC increased its stake 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 worth $28,000 after purchasing an additional 527 shares during the period. Algert Global LLC acquired a new position in shares of Intapp during the 3rd quarter worth about $468,000. Finally, Luxor Capital Group LP acquired a new position in shares of Intapp during the 3rd quarter worth about $47,837,000. 89.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on INTA shares. Truist Financial increased their price objective on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Piper Sandler reiterated 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. Citigroup upped their price objective on Intapp from $63.00 to $87.00 and gave the company a “buy” rating in a report on Monday. Stifel Nicolaus lifted their price objective on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Raymond James increased their target price on shares of Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Intapp currently has a consensus rating of “Moderate Buy” and an average target price 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.