Intapp, Inc. (NASDAQ:INTA) Insider Sells $518,358.73 in Stock

Intapp, Inc. (NASDAQ:INTA) insider Michele Murgel sold 7,531 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $518,358.73. Following the completion of the transaction, the insider now owns 223,945 shares of the company’s stock, valued at approximately $15,414,134.35. The trade was a 3.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Intapp Trading Down 4.7 %

Shares of INTA opened at $66.11 on Friday. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $77.74. The stock’s 50 day moving average is $68.13 and its two-hundred day moving average is $56.60. The firm has a market cap of $5.25 billion, a P/E ratio of -227.96 and a beta of 0.74.

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

Wall Street Analyst Weigh In

INTA has been the subject of several recent research reports. Piper Sandler reiterated an “overweight” rating and set a $71.00 price target (up from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Truist Financial lifted their price target on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Barclays lifted their price target on Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. UBS Group lifted their price target on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, Raymond James reiterated a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Intapp currently has an average rating of “Moderate Buy” and an average target price of $66.45.

Institutional Trading of Intapp

A number of institutional investors have recently made changes to their positions in INTA. Invesco Ltd. boosted its stake in shares of Intapp by 6,506.1% in the fourth quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock worth $126,931,000 after acquiring an additional 1,950,526 shares during the last quarter. Luxor Capital Group LP acquired a new stake in shares of Intapp in the third quarter worth approximately $47,837,000. Vanguard Group Inc. boosted its stake in shares of Intapp by 11.8% in the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock worth $408,139,000 after acquiring an additional 672,832 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Intapp by 408.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 720,994 shares of the company’s stock worth $46,209,000 after acquiring an additional 579,075 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Intapp in the fourth quarter worth approximately $30,563,000. 89.96% of the stock is owned by institutional investors and hedge funds.

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.