Insider Selling: Intapp, Inc. (NASDAQ:INTA) Insider Sells 1,962 Shares of Stock

Intapp, Inc. (NASDAQ:INTA - Get Free Report) insider Michele Murgel sold 1,962 shares of Intapp stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $60.00, for a total transaction of $117,720.00. Following the completion of the transaction, the insider now owns 182,462 shares in the company, valued at $10,947,720. This trade represents a 1.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, March 17th, Michele Murgel sold 23,404 shares of Intapp stock. The shares were sold at an average price of $60.13, for a total value of $1,407,282.52.
• On Monday, February 24th, Michele Murgel sold 4,632 shares of Intapp stock. The shares were sold at an average price of $64.54, for a total value of $298,949.28.
• 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 Stock Up 4.2 %

Shares of INTA traded up $2.56 during trading hours on Tuesday, reaching $64.18. The stock had a trading volume of 589,289 shares, compared to its average volume of 638,235. The firm has a 50-day moving average of $66.81 and a 200 day moving average of $59.96. The company has a market cap of $5.10 billion, a P/E ratio of -221.30 and a beta of 0.76. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $77.74.

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Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings data 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 return on equity of 1.86% and a negative net margin of 4.78%. As a group, equities analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on INTA. Barclays upped their price target on Intapp from $63.00 to $68.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. Piper Sandler restated an "overweight" rating and set a $71.00 price target (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Truist Financial lifted their price objective on Intapp from $55.00 to $77.00 and gave the company a "buy" rating in a report on Friday, December 13th. Raymond James reissued a "market perform" rating on shares of Intapp in a report on Friday, January 3rd. Finally, Citigroup reissued a "neutral" rating and set a $78.00 price target (down from $87.00) on shares of Intapp in a report on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $66.45.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its position in Intapp by 2.0% during the fourth quarter. Victory Capital Management Inc. now owns 8,652 shares of the company's stock valued at $555,000 after purchasing an additional 171 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Intapp by 8.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company's stock worth $190,000 after purchasing an additional 239 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Intapp by 1.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company's stock worth $1,187,000 after purchasing an additional 264 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Intapp in the 4th quarter valued at approximately $25,000. Finally, Raleigh Capital Management Inc. bought a new position in shares of Intapp in the fourth quarter valued at $25,000. 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.