Intapp (NASDAQ:INTA) CEO Sells $141,960.00 in Stock

Intapp, Inc. (NASDAQ:INTA) CEO John Hall sold 3,000 shares of the stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $47.32, for a total value of $141,960.00. Following the sale, the chief executive officer owned 5,814,808 shares of the company’s stock, valued at approximately $275,156,714.56. The trade was a 0.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intapp Stock Up 8.0%

INTA opened at $42.21 on Friday. The stock’s 50 day moving average price is $40.05 and its two-hundred day moving average price is $30.22. The firm has a market capitalization of $3.24 billion, a P/E ratio of -117.25, a price-to-earnings-growth ratio of 15.10 and a beta of 0.34. Intapp, Inc. has a 12-month low of $19.01 and a 12-month high of $48.19.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Intapp had a negative return on equity of 1.64% and a negative net margin of 4.71%. The company had revenue of $161.26 million during the quarter, compared to analyst estimates of $159.63 million. During the same period in the previous year, the company earned $0.24 earnings per share. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, analysts anticipate that Intapp, Inc. will post 0.07 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of INTA. BlackRock Inc. bought a new stake in Intapp in the 2nd quarter valued at $133,660,000. Wellington Management Group LLP raised its stake in shares of Intapp by 5.8% in the 2nd quarter. Wellington Management Group LLP now owns 2,046,759 shares of the company’s stock valued at $51,599,000 after buying an additional 112,735 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Intapp by 9.7% during the 1st quarter. Jennison Associates LLC now owns 2,008,826 shares of the company’s stock worth $51,607,000 after acquiring an additional 177,201 shares during the period. Bamco Inc. NY bought a new position in shares of Intapp during the 2nd quarter worth about $50,184,000. Finally, Praesidium Investment Management Company LLC bought a new position in shares of Intapp during the 2nd quarter worth about $19,761,311. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on INTA shares. Zacks Research upgraded shares of Intapp from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Citigroup upped their price objective on shares of Intapp from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday. Barclays increased their target price on shares of Intapp from $29.00 to $38.00 and gave the company an “underweight” rating in a research note on Monday, October 12th. Oppenheimer reissued a “market perform” rating on shares of Intapp in a research report on Wednesday. Finally, Piper Sandler lifted their target price on Intapp from $25.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $40.71.

Intapp Company Profile

Intapp, Inc develops cloud-based software for professional and financial services firms. Its platform is designed to help organizations manage client and relationship data, business development, risk and compliance processes, collaboration, time tracking, billing, and operational workflows.

The company’s product portfolio includes solutions for relationship management and deal management, professional-services time and billing, conflicts and compliance, document and information management, secure collaboration, and workflow automation.