Insider Selling: Intapp, Inc. (NASDAQ:INTA) CFO Sells 3,349 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) CFO David H. Morton, Jr. sold 3,349 shares of Intapp stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $64.54, for a total value of $216,144.46. Following the completion of the sale, the chief financial officer now directly owns 31,656 shares in the company, valued at approximately $2,043,078.24. This represents a 9.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Intapp Trading Down 0.9 %

Shares of NASDAQ:INTA traded down $0.60 during trading on Tuesday, reaching $65.30. 734,002 shares of the stock were exchanged, compared to its average volume of 754,694. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $77.74. The stock has a 50-day moving average price of $68.08 and a 200-day moving average price of $57.19. The firm has a market cap of $5.18 billion, a PE ratio of -225.16 and a beta of 0.74.

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Barclays boosted their price target on Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. increased their price target on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Citigroup restated a “neutral” rating and set a $78.00 price objective (down from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Stifel Nicolaus raised their target price on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, UBS Group boosted their price target on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.45.

Institutional Trading of Intapp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC bought a new position in shares of Intapp during the fourth quarter worth approximately $25,000. Raleigh Capital Management Inc. acquired a new stake in Intapp during the fourth quarter worth approximately $25,000. SBI Securities Co. Ltd. bought a new position in Intapp during the 4th quarter worth $32,000. Farther Finance Advisors LLC raised its holdings 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 acquiring an additional 527 shares in the last quarter. Finally, Johnson Financial Group Inc. raised its holdings in Intapp by 273.8% in the 4th quarter. Johnson Financial Group Inc. now owns 826 shares of the company’s stock valued at $53,000 after acquiring an additional 605 shares in the last quarter. Institutional investors and hedge funds 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.