Intapp, Inc. (NASDAQ:INTA) CEO Sells $2,287,014.41 in Stock

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 33,227 shares of Intapp stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $2,287,014.41. Following the sale, the chief executive officer now directly owns 5,258,576 shares in the company, valued at approximately $361,947,786.08. The trade was a 0.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Intapp Stock Down 4.7 %

INTA traded down $3.25 during trading on Friday, reaching $66.11. The stock had a trading volume of 1,297,240 shares, compared to its average volume of 755,984. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of -227.96 and a beta of 0.74. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $77.74. The stock has a 50 day moving average of $68.18 and a two-hundred day moving average of $56.36.

Intapp (NASDAQ:INTA) last released its 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%. On average, research analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on INTA. UBS Group boosted their price objective on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Piper Sandler reissued an “overweight” rating and issued a $71.00 price objective (up from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Barclays boosted their price objective on Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. boosted their price objective on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Truist Financial boosted their price objective on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $66.45.

Institutional Investors Weigh In On Intapp

Institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new stake in Intapp in the fourth quarter worth approximately $25,000. Raleigh Capital Management Inc. bought a new position in shares of Intapp in the fourth quarter valued at $25,000. SBI Securities Co. Ltd. bought a new position in shares of Intapp in the fourth quarter valued at $32,000. Farther Finance Advisors LLC increased its holdings 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 buying an additional 527 shares in the last quarter. Finally, Johnson Financial Group Inc. increased its holdings 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 buying an additional 605 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.