Intapp, Inc. (NASDAQ:INTA) CMO Scott Fitzgerald Sells 3,000 Shares

Intapp, Inc. (NASDAQ:INTA) CMO Scott Fitzgerald sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $64.38, for a total value of $193,140.00. Following the completion of the sale, the chief marketing officer now owns 39,212 shares of the company’s stock, valued at $2,524,468.56. The trade was a 7.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Scott Fitzgerald also recently made the following trade(s):

• On Monday, December 2nd, Scott Fitzgerald sold 3,000 shares of Intapp stock. The stock was sold at an average price of $63.53, for a total transaction of $190,590.00.
• On Thursday, November 21st, Scott Fitzgerald sold 5,221 shares of Intapp stock. The shares were sold at an average price of $59.30, for a total transaction of $309,605.30.

Intapp Trading Up 2.0 %

NASDAQ:INTA opened at $63.34 on Thursday. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $71.34. The company has a 50-day moving average price of $62.14 and a 200-day moving average price of $49.08. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of -218.41 and a beta of 0.73.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.13 by $0.08. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The business had revenue of $118.81 million during the quarter, compared to analyst estimates of $117.88 million. During the same period last year, the business posted ($0.20) earnings per share. Intapp’s quarterly revenue was up 17.0% compared to the same quarter last year. Equities analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Intapp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its position in Intapp by 1.1% during the third quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company’s stock valued at $1,187,000 after buying an additional 264 shares during the period. Harbor Capital Advisors Inc. lifted its position in Intapp by 7.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company’s stock valued at $265,000 after acquiring an additional 373 shares during the period. Advisors Asset Management Inc. boosted its stake in Intapp by 59.1% during the third quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock worth $67,000 after acquiring an additional 519 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Intapp by 1,054.0% during the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after acquiring an additional 527 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Intapp by 9.8% during the second quarter. Federated Hermes Inc. now owns 7,805 shares of the company’s stock valued at $286,000 after purchasing an additional 694 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Truist Financial upped their price target on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Stifel Nicolaus raised their price target on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. boosted their price objective on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Citigroup raised their target price on shares of Intapp from $63.00 to $87.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Piper Sandler reiterated an “overweight” rating and set a $60.00 price target (up from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Intapp currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.64.

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.