Insider Selling: Intapp, Inc. (NASDAQ:INTA) CEO Sells 28,443 Shares of Stock

Intapp, Inc. (NASDAQ:INTA - Get Free Report) CEO John T. Hall sold 28,443 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $64.66, for a total transaction of $1,839,124.38. Following the sale, the chief executive officer now owns 5,213,782 shares of the company's stock, valued at $337,123,144.12. This trade represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Intapp Stock Performance

Shares of Intapp stock traded up $1.38 during trading on Friday, reaching $65.96. 547,324 shares of the company's stock were exchanged, compared to its average volume of 734,088. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $77.74. The company has a market cap of $5.24 billion, a P/E ratio of -227.44 and a beta of 0.74. The firm's 50-day moving average price is $68.12 and its 200 day moving average price is $57.76.

Intapp (NASDAQ:INTA - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. As a group, equities research analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Raymond James reissued a "market perform" rating on shares of Intapp in a report on Friday, January 3rd. UBS Group lifted their price objective on shares of Intapp from $89.00 to $92.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Barclays lifted their price target 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. Piper Sandler reiterated an "overweight" rating and issued a $71.00 price target (up from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Finally, Stifel Nicolaus lifted their price objective on Intapp from $70.00 to $75.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $66.45.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Invesco Ltd. increased its position in Intapp by 6,506.1% in the 4th quarter. Invesco Ltd. now owns 1,980,506 shares of the company's stock valued at $126,931,000 after acquiring an additional 1,950,526 shares during the period. Luxor Capital Group LP acquired a new position in Intapp in the 3rd quarter valued at approximately $47,837,000. Vanguard Group Inc. increased its holdings in Intapp by 11.8% in the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company's stock valued at $408,139,000 after purchasing an additional 672,832 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Intapp by 408.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 720,994 shares of the company's stock valued at $46,209,000 after purchasing an additional 579,075 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new stake in Intapp in the fourth quarter valued at $30,563,000. 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.