Insider Selling: Intapp, Inc. (NASDAQ:INTA) Insider Sells 20,000 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 20,000 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $61.85, for a total transaction of $1,237,000.00. Following the sale, the insider now directly owns 828,197 shares in the company, valued at $51,223,984.45. The trade was a 2.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Thad Jampol also recently made the following trade(s):

• On Monday, December 9th, Thad Jampol sold 20,000 shares of Intapp stock. The shares were sold at an average price of $67.97, for a total value of $1,359,400.00.
• On Thursday, November 21st, Thad Jampol sold 20,174 shares of Intapp stock. The shares were sold at an average price of $59.30, for a total value of $1,196,318.20.

Intapp Stock Up 5.9 %

Shares of INTA traded up $3.71 during trading hours on Friday, hitting $67.05. The company had a trading volume of 1,065,046 shares, compared to its average volume of 569,306. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $71.34. The stock’s 50 day moving average price is $62.40 and its 200 day moving average price is $49.18. The firm has a market cap of $5.19 billion, a P/E ratio of -231.21 and a beta of 0.73.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. 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 company earned ($0.20) EPS. Intapp’s revenue for the quarter was up 17.0% compared to the same quarter last year. On average, research analysts expect that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on INTA. Truist Financial boosted their price objective on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. increased their price objective on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Citigroup upped their target price on Intapp from $63.00 to $87.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Raymond James reissued a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 target price (up from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $60.64.

Institutional Investors Weigh In On Intapp

Several institutional investors have recently added to or reduced their stakes in INTA. Farther Finance Advisors LLC grew its position in shares of Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after buying an additional 527 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Intapp in the 3rd quarter worth about $54,000. Financial Management Professionals Inc. bought a new stake in shares of Intapp during the 3rd quarter valued at about $57,000. Wilmington Savings Fund Society FSB bought a new position in Intapp in the third quarter worth about $64,000. Finally, Advisors Asset Management Inc. lifted its holdings in Intapp by 59.1% in the third quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock worth $67,000 after buying an additional 519 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.