Insider Selling: Intapp, Inc. (NASDAQ:INTA) Insider Sells 20,000 Shares of Stock

Intapp, Inc. (NASDAQ:INTA - Get Free Report) insider Thad Jampol sold 20,000 shares of the firm's stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $61.85, for a total transaction of $1,237,000.00. Following the transaction, the insider now directly owns 828,197 shares of the company's stock, valued at approximately $51,223,984.45. This trade represents a 2.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Thad Jampol also recently made the following trade(s):

• On Monday, December 9th, Thad Jampol sold 20,000 shares of Intapp stock. The stock was sold at an average price of $67.97, for a total transaction of $1,359,400.00.
• On Thursday, November 21st, Thad Jampol sold 20,174 shares of Intapp stock. The shares were sold at an average price of $59.30, for a total transaction of $1,196,318.20.

Intapp Price Performance

INTA traded up $3.71 on Friday, reaching $67.05. 1,065,338 shares of the company's stock were exchanged, compared to its average volume of 593,326. The stock has a market cap of $5.19 billion, a PE ratio of -231.21 and a beta of 0.73. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $71.34. The stock's fifty day moving average price is $62.75 and its 200-day moving average price is $49.41.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.08. The firm had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. Intapp's quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.20) earnings per share. As a group, research analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on INTA shares. Stifel Nicolaus lifted their price objective on shares of Intapp from $70.00 to $75.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Barclays lifted their price objective on shares of Intapp from $44.00 to $48.00 and gave the company an "equal weight" rating in a report on Tuesday, November 5th. Raymond James reaffirmed a "market perform" rating on shares of Intapp in a report on Friday, January 3rd. Piper Sandler reaffirmed an "overweight" rating and issued a $60.00 price objective (up previously from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Finally, Truist Financial lifted their price objective on shares of Intapp from $55.00 to $77.00 and gave the company a "buy" rating in a report on Friday, December 13th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.64.

Hedge Funds Weigh In On Intapp

A number of institutional investors have recently bought and sold shares of INTA. Farther Finance Advisors LLC raised its stake in shares of Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company's stock valued at $28,000 after acquiring an additional 527 shares during the period. Quest Partners LLC purchased a new stake in shares of Intapp in the 3rd quarter valued at approximately $54,000. Financial Management Professionals Inc. purchased a new stake in shares of Intapp in the 3rd quarter valued at approximately $57,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Intapp in the 3rd quarter valued at approximately $64,000. Finally, Advisors Asset Management Inc. raised its stake in shares of Intapp by 59.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company's stock valued at $67,000 after acquiring an additional 519 shares during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.