Intapp, Inc. (NASDAQ:INTA) CFO Sells $216,144.46 in Stock

Intapp, Inc. (NASDAQ:INTA - Get Free Report) CFO David H. Morton, Jr. sold 3,349 shares of Intapp stock in a transaction on Monday, February 24th. The shares were sold at an average price of $64.54, for a total value of $216,144.46. Following the sale, the chief financial officer now directly owns 31,656 shares of the company's stock, valued at approximately $2,043,078.24. The trade was a 9.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Intapp Stock Performance

Intapp stock traded up $1.38 on Friday, reaching $65.96. The company's stock had a trading volume of 547,324 shares, compared to its average volume of 734,088. The company has a market cap of $5.24 billion, a price-to-earnings ratio of -227.44 and a beta of 0.74. The business's fifty day moving average price is $68.12 and its 200 day moving average price is $57.76. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates 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 analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current year.

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Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on Intapp from $58.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Barclays boosted their price target on Intapp from $63.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 5th. Raymond James restated a "market perform" rating on shares of Intapp in a research note on Friday, January 3rd. Stifel Nicolaus boosted their price target on Intapp from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Finally, UBS Group boosted their price target on Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Intapp currently has an average rating of "Moderate Buy" and a consensus target price of $66.45.

Institutional Investors Weigh In On Intapp

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Menard Financial Group LLC bought a new stake in shares of Intapp during the fourth quarter worth $217,000. Mackenzie Financial Corp bought a new stake in shares of Intapp during the fourth quarter worth $214,000. Palisades Investment Partners LLC raised its position in shares of Intapp by 10.0% during the fourth quarter. Palisades Investment Partners LLC now owns 166,013 shares of the company's stock worth $10,640,000 after acquiring an additional 15,123 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Intapp by 14.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 177,000 shares of the company's stock worth $11,344,000 after acquiring an additional 21,972 shares during the last quarter. Finally, Voloridge Investment Management LLC raised its position in shares of Intapp by 84.5% during the fourth quarter. Voloridge Investment Management LLC now owns 338,994 shares of the company's stock worth $21,726,000 after acquiring an additional 155,286 shares during the last quarter. Institutional investors 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.