Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall Sells 61,842 Shares

by · The Markets Daily

Intapp, Inc. (NASDAQ:INTA – Get Free Report) CEO John T. Hall sold 61,842 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $59.68, for a total transaction of $3,690,730.56. Following the completion of the sale, the chief executive officer now owns 5,030,432 shares in the company, valued at approximately $300,216,181.76. This trade represents a 1.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Intapp Price Performance

NASDAQ INTA traded up $1.40 on Tuesday, hitting $61.32. 412,900 shares of the stock were exchanged, compared to its average volume of 640,753. The business’s fifty day moving average is $51.57 and its 200 day moving average is $42.52. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $61.37. The company has a market capitalization of $4.75 billion, a PE ratio of -206.62 and a beta of 0.64.

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

Wall Street Analysts Forecast Growth

INTA has been the topic of several analyst reports. UBS Group raised their price target on shares of Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Barclays increased their target price on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Stifel Nicolaus raised their price target on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Citigroup raised their price target on shares of Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, Truist Financial reiterated a “buy” rating and issued a $55.00 target price (up previously from $47.00) on shares of Intapp in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.55.

Read Our Latest Report on Intapp

Institutional Investors Weigh In On Intapp

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Intapp by 42.7% in the 1st quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock valued at $172,002,000 after buying an additional 1,501,091 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Intapp by 766.2% in the 1st quarter. Jane Street Group LLC now owns 166,456 shares of the company’s stock valued at $5,709,000 after acquiring an additional 147,240 shares in the last quarter. Farther Finance Advisors LLC grew its position in Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 527 shares during the period. Loomis Sayles & Co. L P boosted its holdings in Intapp by 29.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after acquiring an additional 343,275 shares during the last quarter. Finally, George Kaiser Family Foundation boosted its holdings in Intapp by 14.5% during the 3rd quarter. George Kaiser Family Foundation now owns 119,097 shares of the company’s stock worth $5,696,000 after acquiring an additional 15,127 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

About Intapp

(Get Free Report)

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.

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