Intapp, Inc. (NASDAQ:INTA) CFO David H. Morton, Jr. Sells 5,445 Shares

Intapp, Inc. (NASDAQ:INTA) CFO David H. Morton, Jr. sold 5,445 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $374,779.35. Following the completion of the sale, the chief financial officer now directly owns 38,996 shares of the company’s stock, valued at $2,684,094.68. This represents a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Intapp Price Performance

NASDAQ INTA opened at $66.11 on Friday. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $77.74. The business has a fifty day moving average of $68.13 and a 200-day moving average of $56.60.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share 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%. Sell-side analysts forecast that Intapp, Inc. will post -0.14 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the company. UBS Group raised their price target on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Barclays lifted their price objective on Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. lifted their price objective on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Citigroup reaffirmed a “neutral” rating and set a $78.00 price objective (down from $87.00) on shares of Intapp in a report on Thursday, January 16th. Finally, Stifel Nicolaus lifted their price objective on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.45.

Institutional Investors Weigh In On Intapp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raleigh Capital Management Inc. purchased a new stake in shares of Intapp in the fourth quarter valued at $25,000. Global Retirement Partners LLC purchased a new stake in shares of Intapp in the fourth quarter valued at $25,000. Farther Finance Advisors LLC grew its position in shares of 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 purchasing an additional 527 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Intapp in the fourth quarter valued at $32,000. Finally, Johnson Financial Group Inc. grew its position in shares of Intapp by 273.8% in the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company’s stock valued at $53,000 after purchasing an additional 605 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.