Intapp, Inc. (NASDAQ:INTA) Insider Michele Murgel Sells 4,632 Shares

Intapp, Inc. (NASDAQ:INTA - Get Free Report) insider Michele Murgel sold 4,632 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 transaction of $298,949.28. Following the completion of the transaction, the insider now owns 213,794 shares in the company, valued at approximately $13,798,264.76. This represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• 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 transaction of $518,358.73.

Intapp Price Performance

Shares of NASDAQ INTA traded up $1.38 on Friday, hitting $65.96. The company's stock had a trading volume of 547,324 shares, compared to its average volume of 734,088. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $77.74. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of -227.44 and a beta of 0.74. The stock has a 50 day moving average of $68.12 and a 200-day moving average of $57.76.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. Sell-side analysts expect that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

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Analyst Ratings Changes

A number of research analysts have recently issued reports on INTA shares. JPMorgan Chase & Co. boosted their price target on shares of Intapp from $58.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Piper Sandler reiterated an "overweight" rating and set a $71.00 price target (up from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Raymond James reiterated a "market perform" rating on shares of Intapp in a research note on Friday, January 3rd. Barclays boosted their price objective on shares of Intapp from $63.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. Finally, UBS Group boosted their price objective on shares of Intapp from $89.00 to $92.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $66.45.

Hedge Funds Weigh In On Intapp

Institutional investors and hedge funds have recently modified their holdings of the company. Raleigh Capital Management Inc. acquired a new position in Intapp during the fourth quarter worth approximately $25,000. Global Retirement Partners LLC acquired a new stake in shares of Intapp in the fourth quarter worth $25,000. Farther Finance Advisors LLC increased its position in shares of Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company's stock worth $28,000 after acquiring an additional 527 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Intapp in the fourth quarter worth $32,000. Finally, Johnson Financial Group Inc. increased its position in shares of Intapp by 273.8% in the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company's stock worth $53,000 after acquiring an additional 605 shares in the last quarter. Hedge funds and other 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.