Insider Selling: Intapp, Inc. (NASDAQ:INTA) Insider Sells 1,252 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) insider Michele Murgel sold 1,252 shares of Intapp stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $62,600.00. Following the completion of the transaction, the insider now owns 152,702 shares in the company, valued at $7,635,100. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Intapp Trading Down 1.2 %

NASDAQ:INTA opened at $47.54 on Friday. The business’s fifty day moving average price is $41.60 and its 200 day moving average price is $36.85. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $51.80. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of -77.93 and a beta of 0.65.

Intapp (NASDAQ:INTA) last issued its earnings results on Tuesday, August 13th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. Intapp had a negative return on equity of 5.36% and a negative net margin of 7.44%. The firm had revenue of $114.38 million for the quarter, compared to the consensus estimate of $111.58 million. During the same quarter in the previous year, the company posted ($0.14) earnings per share. The business’s quarterly revenue was up 20.9% compared to the same quarter last year. Equities analysts forecast that Intapp, Inc. will post -0.15 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on INTA shares. Barclays lifted their target price on Intapp from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, August 14th. Piper Sandler restated an “overweight” rating and issued a $46.00 target price on shares of Intapp in a report on Wednesday, August 14th. UBS Group lifted their target price on Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Oppenheimer restated a “market perform” rating on shares of Intapp in a report on Monday, July 8th. Finally, Citigroup lifted their price target on Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $50.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. J.Safra Asset Management Corp grew its stake in Intapp by 634.0% in the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after purchasing an additional 615 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Intapp by 239.1% in the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after purchasing an additional 581 shares in the last quarter. Blue Trust Inc. purchased a new position in Intapp in the second quarter valued at about $30,000. Comerica Bank boosted its stake in shares of Intapp by 218.4% during the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after acquiring an additional 865 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Intapp by 164.6% during the 4th quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock worth $50,000 after acquiring an additional 815 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

About Intapp

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.