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

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 20,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 828,197 shares in the company, valued at $51,223,984.45. This represents a 2.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, December 9th, Thad Jampol sold 20,000 shares of Intapp stock. The stock was 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 transaction of $1,196,318.20.

Intapp Stock Performance

Intapp stock opened at $67.05 on Friday. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $71.34. The stock has a market cap of $5.19 billion, a P/E ratio of -231.21 and a beta of 0.73. The firm’s fifty day moving average price is $62.75 and its 200-day moving average price is $49.41.

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

Institutional Trading of Intapp

A number of hedge funds have recently bought and sold shares of the company. Luxor Capital Group LP purchased a new position in shares of Intapp during the third quarter worth approximately $47,837,000. FMR LLC boosted its stake in shares of Intapp by 7.8% in the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock valued at $270,668,000 after purchasing an additional 411,434 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings 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 last quarter. Clearbridge Investments LLC raised its position in Intapp by 64.0% in the 2nd quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock worth $28,319,000 after purchasing an additional 301,238 shares during the period. Finally, Praesidium Investment Management Company LLC lifted its stake in 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 during the last quarter. Institutional investors own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on INTA shares. Raymond James restated a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Barclays increased their price objective on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Stifel Nicolaus lifted their target price on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Citigroup increased their price target on shares of Intapp from $63.00 to $87.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Truist Financial upped their target price on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Intapp has an average rating of “Moderate Buy” and an average price target of $60.64.

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.