John T. Hall Sells 33,227 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 33,227 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $2,287,014.41. Following the completion of the transaction, the chief executive officer now directly owns 5,258,576 shares in the company, valued at $361,947,786.08. This represents a 0.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Intapp Price Performance

NASDAQ:INTA traded down $3.25 during trading hours on Friday, reaching $66.11. The company’s stock had a trading volume of 1,297,240 shares, compared to its average volume of 755,984. The company has a market cap of $5.25 billion, a price-to-earnings ratio of -227.96 and a beta of 0.74. Intapp, Inc. has a one year low of $30.36 and a one year high of $77.74. The business’s 50-day moving average is $68.18 and its 200-day moving average is $56.36.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. On average, sell-side analysts predict that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Intapp

A number of hedge funds have recently bought and sold shares of INTA. Invesco Ltd. boosted its holdings in Intapp by 6,506.1% during the fourth quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock valued at $126,931,000 after acquiring an additional 1,950,526 shares during the period. Luxor Capital Group LP bought a new stake in Intapp during the third quarter valued at about $47,837,000. Vanguard Group Inc. boosted its holdings in Intapp by 11.8% during the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock valued at $408,139,000 after acquiring an additional 672,832 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Intapp by 408.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 720,994 shares of the company’s stock valued at $46,209,000 after acquiring an additional 579,075 shares during the period. Finally, Lord Abbett & CO. LLC bought a new stake in shares of Intapp in the fourth quarter valued at about $30,563,000. 89.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

INTA has been the topic of several recent analyst reports. Citigroup reissued a “neutral” rating and set a $78.00 target price (down from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Stifel Nicolaus boosted their target price on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Piper Sandler reissued an “overweight” rating and set a $71.00 target price (up from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Barclays boosted their target price on shares of Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Finally, Truist Financial boosted their target price on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.45.

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.