Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman Sells 7,753 Shares

Intapp, Inc. (NASDAQ:INTA - Get Free Report) COO Donald F. Coleman sold 7,753 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $64.54, for a total value of $500,378.62. Following the transaction, the chief operating officer now directly owns 421,733 shares in the company, valued at $27,218,647.82. This trade represents a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Intapp Stock Performance

Shares of NASDAQ:INTA traded up $1.38 during midday trading on Friday, reaching $65.96. 547,324 shares of the company's stock traded hands, 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. Intapp, Inc. has a one year low of $30.36 and a one year high of $77.74. 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 results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 predict that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Raleigh Capital Management Inc. bought a new position in Intapp in the fourth quarter valued at about $25,000. Global Retirement Partners LLC bought a new position in Intapp in the fourth quarter valued at about $25,000. Farther Finance Advisors LLC lifted its holdings in Intapp by 1,054.0% in the third 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. SBI Securities Co. Ltd. bought a new position in Intapp in the fourth quarter valued at about $32,000. Finally, Johnson Financial Group Inc. lifted its holdings in Intapp by 273.8% in the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company's stock valued at $53,000 after acquiring an additional 605 shares during the period. 89.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on INTA. Barclays upped their price target on Intapp from $63.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Piper Sandler reaffirmed an "overweight" rating and issued a $71.00 price target (up from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Stifel Nicolaus upped their price target on Intapp from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Truist Financial upped their price target on Intapp from $55.00 to $77.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $78.00 price target (down from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $66.45.

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.