Intapp, Inc. (NASDAQ:INTA) CEO Sells $1,839,124.38 in Stock

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 28,443 shares of Intapp stock in a transaction on Monday, February 24th. The shares were sold at an average price of $64.66, for a total transaction of $1,839,124.38. Following the completion of the transaction, the chief executive officer now directly owns 5,213,782 shares of the company’s stock, valued at $337,123,144.12. The trade was a 0.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Intapp Price Performance

INTA stock opened at $64.58 on Friday. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $77.74. The firm has a market capitalization of $5.13 billion, a PE ratio of -222.68 and a beta of 0.74. The business has a 50 day simple moving average of $68.10 and a 200-day simple moving average of $57.53.

Intapp (NASDAQ:INTA) last issued its earnings results 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, equities research analysts expect 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 bought and sold shares of INTA. Vanguard Group Inc. increased its holdings in shares of Intapp by 11.8% during the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock worth $408,139,000 after buying an additional 672,832 shares during the last quarter. FMR LLC grew its position in Intapp by 7.8% in the third quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after acquiring an additional 411,434 shares during the period. Bamco Inc. NY increased its stake in Intapp by 1.2% during the third quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock worth $136,337,000 after acquiring an additional 34,409 shares during the last quarter. Invesco Ltd. increased its stake in Intapp by 6,506.1% during the fourth quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock worth $126,931,000 after acquiring an additional 1,950,526 shares during the last quarter. Finally, Praesidium Investment Management Company LLC raised its position 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 valued at $92,316,000 after purchasing an additional 256,327 shares during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Raymond James restated a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. UBS Group upped their price objective on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. increased their price objective on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Truist Financial boosted their target price on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $71.00 price target (up from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Four 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.com, the company has an average 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.