David H. Morton, Jr. Sells 5,445 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) CFO David H. Morton, Jr. sold 5,445 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $374,779.35. Following the completion of the sale, the chief financial officer now directly owns 38,996 shares in the company, valued at approximately $2,684,094.68. This represents a 12.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Intapp Stock Down 4.7 %

Shares of Intapp stock opened at $66.11 on Friday. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of -227.96 and a beta of 0.74. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $77.74. The company’s fifty day moving average is $68.13 and its 200 day moving average is $56.78.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. As a group, equities analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Institutional Trading of Intapp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. boosted its stake in shares of Intapp by 6,506.1% in the 4th quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock valued at $126,931,000 after purchasing an additional 1,950,526 shares during the last quarter. Luxor Capital Group LP acquired a new position in Intapp in the third quarter valued at $47,837,000. Vanguard Group Inc. boosted its position in Intapp by 11.8% during the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock valued at $408,139,000 after acquiring an additional 672,832 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Intapp by 408.0% during the 4th 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 period. Finally, Lord Abbett & CO. LLC bought a new position in shares of Intapp in the 4th quarter worth about $30,563,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on INTA. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Citigroup restated a “neutral” rating and issued a $78.00 price target (down from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Barclays upped their price objective on shares of Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. UBS Group raised their target price on shares of Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, Piper Sandler reiterated an “overweight” rating and set a $71.00 price target (up from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.45.

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.