Intapp, Inc. (NASDAQ:INTA) Insider Michele Murgel Sells 23,404 Shares

Intapp, Inc. (NASDAQ:INTA) insider Michele Murgel sold 23,404 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $60.13, for a total transaction of $1,407,282.52. Following the sale, the insider now directly owns 185,220 shares of the company’s stock, valued at approximately $11,137,278.60. This represents a 11.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Michele Murgel also recently made the following trade(s):

• On Monday, February 24th, Michele Murgel sold 4,632 shares of Intapp stock. The shares were sold at an average price of $64.54, for a total value of $298,949.28.
• On Thursday, February 20th, Michele Murgel sold 7,531 shares of Intapp stock. The stock was sold at an average price of $68.83, for a total value of $518,358.73.

Intapp Price Performance

Intapp stock opened at $60.43 on Thursday. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $77.74. The stock has a market capitalization of $4.80 billion, a PE ratio of -208.37 and a beta of 0.76. The firm has a 50 day simple moving average of $67.07 and a 200-day simple moving average of $59.51.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) 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%. On average, analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

INTA has been the subject of a number of analyst reports. Citigroup restated a “neutral” rating and set a $78.00 price objective (down previously from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Truist Financial boosted their price target on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a report on Friday, December 13th. Piper Sandler restated an “overweight” rating and set a $71.00 price target (up previously from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Barclays lifted their price objective on shares of Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Finally, UBS Group upped their target price on shares of 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.45.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Invesco Ltd. boosted its position in shares of Intapp by 6,506.1% during the 4th quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock valued at $126,931,000 after purchasing an additional 1,950,526 shares in the last quarter. Luxor Capital Group LP acquired a new stake in Intapp during the third quarter valued at approximately $47,837,000. Vanguard Group Inc. boosted its holdings in Intapp by 11.8% during the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock worth $408,139,000 after buying an additional 672,832 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Intapp by 408.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 720,994 shares of the company’s stock worth $46,209,000 after buying an additional 579,075 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in Intapp in the fourth quarter worth approximately $30,563,000. 89.96% of the stock is owned by institutional investors and hedge funds.

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.