Intapp, Inc. (NASDAQ:INTA) COO Sells $1,052,456.40 in Stock

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 17,748 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total value of $1,052,456.40. Following the completion of the sale, the chief operating officer now owns 695,498 shares of the company’s stock, valued at approximately $41,243,031.40. This trade represents a 2.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Intapp Trading Down 0.6 %

NASDAQ INTA opened at $59.92 on Tuesday. The stock’s fifty day moving average price is $51.57 and its 200-day moving average price is $42.52. The stock has a market cap of $4.64 billion, a P/E ratio of -206.62 and a beta of 0.64. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $60.88.

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

Analyst Upgrades and Downgrades

INTA has been the subject of a number of research analyst reports. Raymond James raised their price target on Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. raised their target price on shares of Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Stifel Nicolaus boosted their price target on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Citigroup lifted their price objective on Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Finally, UBS Group increased their target price on Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $53.55.

Hedge Funds Weigh In On Intapp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. J.Safra Asset Management Corp increased its holdings in shares of Intapp by 634.0% in the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after purchasing an additional 615 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Intapp by 239.1% in the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after buying an additional 581 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after buying an additional 527 shares in the last quarter. Blue Trust Inc. purchased a new position in Intapp in the 2nd quarter worth about $30,000. Finally, Comerica Bank lifted its stake in Intapp by 218.4% during the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after acquiring an additional 865 shares during the period. 89.96% of the stock is owned by institutional investors.

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.