Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman Sells 5,000 Shares

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 5,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $49.23, for a total transaction of $246,150.00. Following the sale, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at $32,897,405.97. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Intapp Stock Up 0.2 %

Shares of NASDAQ:INTA opened at $49.78 on Friday. The business has a 50 day moving average of $45.20 and a 200-day moving average of $38.15. The stock has a market cap of $3.66 billion, a PE ratio of -81.61 and a beta of 0.65. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $51.80.

Intapp (NASDAQ:INTA) last posted its earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share for the quarter, topping 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 company had revenue of $114.38 million during the quarter, compared to the consensus estimate of $111.58 million. During the same quarter last year, the firm earned ($0.14) earnings per share. The company’s revenue was up 20.9% on a year-over-year basis. Equities research analysts expect that Intapp, Inc. will post -0.15 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in INTA. Vanguard Group Inc. boosted its stake in shares of Intapp by 42.7% in the first quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock valued at $172,002,000 after buying an additional 1,501,091 shares during the period. Bamco Inc. NY bought a new stake in shares of Intapp during the 1st quarter valued at $88,605,000. Clearbridge Investments LLC grew its holdings in shares of Intapp by 64.0% during the 2nd quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock worth $28,319,000 after purchasing an additional 301,238 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Intapp by 18.4% in the second quarter. Dimensional Fund Advisors LP now owns 686,496 shares of the company’s stock worth $25,173,000 after purchasing an additional 106,668 shares during the period. Finally, Silvercrest Asset Management Group LLC raised its stake in Intapp by 58.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 381,912 shares of the company’s stock valued at $13,100,000 after purchasing an additional 140,792 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Ratings Changes

INTA has been the subject of several recent research reports. Barclays restated an “equal weight” rating and set a $44.00 target price on shares of Intapp in a report on Monday, October 7th. UBS Group upped 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. Piper Sandler restated an “overweight” rating and issued a $46.00 price target on shares of Intapp in a research note on Wednesday, August 14th. Oppenheimer reiterated a “market perform” rating on shares of Intapp in a research note on Monday, July 8th. Finally, Bank of America cut their price objective on Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $50.00.

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.