Intapp, Inc. (NASDAQ:INTA) CEO Sells $442,240.00 in Stock

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $55.28, for a total value of $442,240.00. Following the sale, the chief executive officer now directly owns 5,445,335 shares in the company, valued at approximately $301,018,118.80. The trade was a 0.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Intapp Price Performance

NASDAQ INTA traded down $0.04 during trading on Wednesday, hitting $55.04. The company’s stock had a trading volume of 347,543 shares, compared to its average volume of 636,802. Intapp, Inc. has a fifty-two week low of $31.08 and a fifty-two week high of $77.74. The company has a market cap of $4.46 billion, a PE ratio of -189.79 and a beta of 0.84. The business’s 50 day simple moving average is $55.48 and its 200-day simple moving average is $61.92.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. The firm had revenue of $129.07 million during the quarter, compared to analysts’ expectations of $128.84 million. During the same period last year, the business posted $0.14 earnings per share. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. Analysts expect that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. raised its stake in shares of Intapp by 2.0% in the fourth quarter. Victory Capital Management Inc. now owns 8,652 shares of the company’s stock worth $555,000 after purchasing an additional 171 shares during the last quarter. CWM LLC raised its stake in shares of Intapp by 27.0% in the first quarter. CWM LLC now owns 1,003 shares of the company’s stock worth $59,000 after purchasing an additional 213 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Intapp by 74.2% in the first quarter. Farther Finance Advisors LLC now owns 526 shares of the company’s stock worth $31,000 after purchasing an additional 224 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Intapp by 8.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company’s stock worth $190,000 after purchasing an additional 239 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of Intapp by 3.5% in the first quarter. Hsbc Holdings PLC now owns 8,001 shares of the company’s stock worth $465,000 after purchasing an additional 272 shares during the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on INTA. UBS Group dropped their price objective on Intapp from $92.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Citigroup reaffirmed a “neutral” rating on shares of Intapp in a research report on Monday, April 21st. Stifel Nicolaus dropped their price objective on Intapp from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Tuesday, April 29th. Truist Financial lowered their price target on Intapp from $80.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Finally, Piper Sandler lowered their price target on Intapp from $71.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.89.

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.