Insider Selling: Intapp, Inc. (NASDAQ:INTA) COO Sells 7,753 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 7,753 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $64.54, for a total value of $500,378.62. Following the transaction, the chief operating officer now directly owns 421,733 shares of the company’s stock, valued at approximately $27,218,647.82. The trade was a 1.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Intapp Stock Up 1.2 %

NASDAQ INTA opened at $66.10 on Thursday. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of -227.92 and a beta of 0.74. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $77.74. The stock has a fifty day simple moving average of $68.10 and a 200 day simple moving average of $57.48.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in INTA. Raleigh Capital Management Inc. bought a new stake in shares of Intapp in the 4th quarter valued at $25,000. Global Retirement Partners LLC acquired a new position in Intapp in the fourth quarter valued at $25,000. Farther Finance Advisors LLC lifted its holdings in 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 buying an additional 527 shares during the period. SBI Securities Co. Ltd. bought a new stake in Intapp during the fourth quarter valued at $32,000. Finally, Johnson Financial Group Inc. grew its holdings in Intapp by 273.8% during the 4th quarter. Johnson Financial Group Inc. now owns 826 shares of the company’s stock worth $53,000 after acquiring an additional 605 shares during the period. Institutional investors own 89.96% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on INTA. Citigroup reiterated a “neutral” rating and set a $78.00 price objective (down from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Raymond James reiterated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. UBS Group raised their price objective on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Stifel Nicolaus upped their target price on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $71.00 target price (up from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Four investment 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.45.

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.