Intapp (NASDAQ:INTA) Stock: Insider John Hall Sells 3,000 Shares

Intapp, Inc. (NASDAQ:INTA) CEO John Hall sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $44.12, for a total value of $132,360.00. Following the sale, the chief executive officer directly owned 5,814,808 shares of the company’s stock, valued at approximately $256,549,328.96. This represents a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intapp Trading Up 2.3%

Intapp stock opened at $46.45 on Thursday. Intapp, Inc. has a twelve month low of $19.01 and a twelve month high of $48.19. The stock has a 50 day moving average of $40.50 and a two-hundred day moving average of $30.45. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of -129.02, a PEG ratio of 10.81 and a beta of 0.31.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, October 27th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Intapp had a negative return on equity of 1.64% and a negative net margin of 4.71%. The business had revenue of $161.26 million for the quarter, compared to analyst estimates of $159.63 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities analysts predict that Intapp, Inc. will post 0.12 earnings per share for the current year.

Hedge Funds Weigh In On Intapp

A number of large investors have recently modified their holdings of INTA. Global Retirement Partners LLC boosted its stake in shares of Intapp by 4,381.2% in the third quarter. Global Retirement Partners LLC now owns 717 shares of the company’s stock valued at $26,000 after buying an additional 701 shares in the last quarter. Allworth Financial LP purchased a new position in Intapp in the second quarter worth $33,000. Harbor Investment Advisory LLC purchased a new position in Intapp in the second quarter worth $36,000. GK Wealth Management LLC purchased a new position in Intapp in the third quarter worth $41,000. Finally, Optiver Holding B.V. lifted its holdings in Intapp by 2,232.1% in the first quarter. Optiver Holding B.V. now owns 1,819 shares of the company’s stock valued at $47,000 after acquiring an additional 1,741 shares during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on INTA shares. Barclays lifted their price objective on shares of Intapp from $29.00 to $38.00 and gave the company an “underweight” rating in a research report on Monday, October 12th. Zacks Research upgraded shares of Intapp from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Weiss Ratings restated a “sell (e+)” rating on shares of Intapp in a research note on Wednesday, September 2nd. UBS Group restated a “mixed” rating on shares of Intapp in a research note on Wednesday, October 28th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Intapp in a report on Wednesday, October 28th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Intapp has a consensus rating of “Hold” and an average price target of $40.71.

Intapp Company Profile

Intapp provides cloud-based software and artificial intelligence solutions for professional and financial services firms, including legal, accounting, consulting, investment banking and private capital businesses. Its products help organizations manage workflows, client relationships, risk and compliance, collaboration, and timekeeping. The company’s offerings include DealCloud, a platform for relationship management and dealmaking, as well as tools for intake, conflicts management, information barriers, and time capture.