Insider Selling: Intapp, Inc. (NASDAQ:INTA) CEO Sells 70,986 Shares of Stock

Intapp, Inc. (NASDAQ:INTA - Get Free Report) CEO John T. Hall sold 70,986 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $68.83, for a total value of $4,885,966.38. Following the sale, the chief executive officer now directly owns 5,026,096 shares of the company's stock, valued at $345,946,187.68. This represents a 1.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Intapp Trading Down 2.1 %

Shares of NASDAQ:INTA traded down $1.37 during mid-day trading on Wednesday, hitting $64.43. 856,828 shares of the company traded hands, compared to its average volume of 640,393. The stock has a 50-day moving average price of $57.60 and a two-hundred day moving average price of $45.91. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $71.34. The stock has a market cap of $4.99 billion, a P/E ratio of -222.17 and a beta of 0.74.

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

Hedge Funds Weigh In On Intapp

Several institutional investors have recently modified their holdings of INTA. Comerica Bank grew its position in Intapp by 218.4% during the first quarter. Comerica Bank now owns 1,261 shares of the company's stock valued at $43,000 after buying an additional 865 shares during the period. Blue Trust Inc. purchased a new stake in shares of Intapp during the 2nd quarter worth approximately $30,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Intapp by 13.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 15,398 shares of the company's stock worth $565,000 after purchasing an additional 1,787 shares during the period. Bank of New York Mellon Corp lifted its stake in Intapp by 8.0% in the second quarter. Bank of New York Mellon Corp now owns 145,205 shares of the company's stock valued at $5,325,000 after purchasing an additional 10,789 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Intapp by 99.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,813 shares of the company's stock valued at $397,000 after purchasing an additional 5,394 shares during the period. 89.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

INTA has been the topic of several research analyst reports. Raymond James increased their target price on shares of Intapp from $46.00 to $55.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. Stifel Nicolaus increased their price objective on shares of Intapp from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Wednesday. Barclays boosted their target price on Intapp from $44.00 to $48.00 and gave the company an "equal weight" rating in a research report on Tuesday, November 5th. Piper Sandler reaffirmed an "overweight" rating and set a $60.00 price target (up from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Finally, Truist Financial raised their price objective on Intapp from $55.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.64.

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.