Intapp, Inc. (NASDAQ:INTA) CFO David H. Morton, Jr. Sells 4,204 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) CFO David H. Morton, Jr. sold 4,204 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $59.97, for a total transaction of $252,113.88. Following the sale, the chief financial officer now directly owns 27,331 shares of the company’s stock, valued at $1,639,040.07. The trade was a 13.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Intapp Price Performance

Shares of INTA opened at $61.32 on Wednesday. The firm has a fifty day moving average of $51.57 and a 200-day moving average of $42.52. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $61.37.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The company had revenue of $118.81 million for the quarter, compared to analysts’ expectations of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.20) earnings per share. Analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on INTA shares. Piper Sandler reissued an “overweight” rating and set a $60.00 price objective (up from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Raymond James lifted their price target on Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. UBS Group lifted their target price on Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Barclays upped their price target on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Finally, Citigroup lifted their price objective on shares of Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.55.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC raised its stake in shares of Intapp by 7.8% during the third quarter. FMR LLC now owns 5,658,957 shares of the company’s stock valued at $270,668,000 after purchasing an additional 411,434 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Intapp by 42.7% in the 1st quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock worth $172,002,000 after acquiring an additional 1,501,091 shares during the period. Bamco Inc. NY boosted its holdings in shares of Intapp by 1.2% in the third quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock valued at $136,337,000 after acquiring an additional 34,409 shares in the last quarter. Praesidium Investment Management Company LLC increased its stake in shares of Intapp by 15.3% during the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock valued at $92,316,000 after acquiring an additional 256,327 shares during the period. Finally, Loomis Sayles & Co. L P raised its holdings in Intapp by 29.9% during the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after purchasing an additional 343,275 shares in the last quarter. Institutional investors and hedge funds 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.