John T. Hall Sells 28,443 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 28,443 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $64.66, for a total transaction of $1,839,124.38. Following the completion of the transaction, the chief executive officer now owns 5,213,782 shares in the company, valued at $337,123,144.12. This represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Intapp Price Performance

INTA opened at $66.10 on Thursday. The firm has a market capitalization of $5.25 billion, a PE ratio of -227.92 and a beta of 0.74. The business’s 50-day moving average is $68.10 and its two-hundred day moving average is $57.48. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $77.74.

Intapp (NASDAQ:INTA) last released its quarterly 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 net margin of 4.78% and a negative return on equity of 1.86%. As a group, sell-side analysts expect that Intapp, Inc. will post -0.14 EPS for the current year.

Hedge Funds Weigh In On Intapp

Several institutional investors and hedge funds have recently bought and sold shares of INTA. Raleigh Capital Management Inc. acquired a new stake in shares of Intapp in the 4th quarter worth $25,000. Global Retirement Partners LLC acquired a new position in Intapp during the 4th quarter valued at about $25,000. Farther Finance Advisors LLC raised its stake in 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 during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Intapp in the fourth quarter worth about $32,000. Finally, Johnson Financial Group Inc. grew its stake in shares of Intapp by 273.8% during the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company’s stock worth $53,000 after acquiring an additional 605 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Raymond James reiterated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. JPMorgan Chase & Co. lifted their target price on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Stifel Nicolaus increased their price target on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. UBS Group lifted 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. Finally, Citigroup reaffirmed a “neutral” rating and issued a $78.00 price objective (down from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Intapp presently has a consensus rating of “Moderate Buy” and a consensus 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.