Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall Sells 8,000 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 8,000 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $57.15, for a total value of $457,200.00. Following the completion of the sale, the chief executive officer now directly owns 5,236,895 shares of the company’s stock, valued at $299,288,549.25. The trade was a 0.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Intapp Price Performance

Shares of NASDAQ:INTA opened at $61.05 on Thursday. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $77.74. The business has a fifty day moving average price of $67.46 and a 200-day moving average price of $59.02. The company has a market capitalization of $4.85 billion, a PE ratio of -210.51 and a beta of 0.77.

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%. On average, sell-side analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intapp

Institutional investors and hedge funds have recently modified their holdings of the stock. Invesco Ltd. increased its holdings in Intapp by 6,506.1% in the 4th quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock worth $126,931,000 after buying an additional 1,950,526 shares in the last quarter. Luxor Capital Group LP bought a new stake in Intapp in the 3rd quarter worth about $47,837,000. Vanguard Group Inc. increased its holdings in Intapp by 11.8% in 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 in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Intapp by 408.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 720,994 shares of the company’s stock worth $46,209,000 after buying an additional 579,075 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in Intapp in the 4th quarter worth about $30,563,000. 89.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

INTA has been the subject of a number of research analyst reports. UBS Group raised their price target on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised their price target on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Citigroup reaffirmed a “neutral” rating and issued a $78.00 price target (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Truist Financial raised their price objective on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Piper Sandler reissued an “overweight” rating and set a $71.00 price objective (up previously from $60.00) on shares of Intapp in a research report 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 MarketBeat.com, Intapp currently has an average rating of “Moderate Buy” and an average target price 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.