Insider Selling: Intapp, Inc. (NASDAQ:INTA) Insider Sells 23,404 Shares of Stock

Intapp, Inc. (NASDAQ:INTA - Get Free Report) insider Michele Murgel sold 23,404 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $60.13, for a total transaction of $1,407,282.52. Following the sale, the insider now directly owns 185,220 shares in the company, valued at approximately $11,137,278.60. This represents a 11.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, March 19th, Michele Murgel sold 1,962 shares of Intapp stock. The stock was sold at an average price of $60.00, for a total transaction of $117,720.00.
• 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 transaction of $298,949.28.
• On Thursday, February 20th, Michele Murgel sold 7,531 shares of Intapp stock. The shares were sold at an average price of $68.83, for a total transaction of $518,358.73.

Intapp Price Performance

INTA stock traded up $0.72 on Friday, hitting $60.95. 729,278 shares of the company were exchanged, compared to its average volume of 639,373. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $77.74. The business's fifty day moving average is $66.88 and its two-hundred day moving average is $59.72. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of -210.17 and a beta of 0.76.

Remove Ads

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. Equities research 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 and hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. purchased a new stake in Intapp during the fourth quarter worth approximately $291,000. FORA Capital LLC purchased a new stake in Intapp during the third quarter worth approximately $566,000. Loomis Sayles & Co. L P grew its stake in Intapp by 29.9% during the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company's stock worth $71,392,000 after buying an additional 343,275 shares during the period. Venturi Wealth Management LLC purchased a new stake in Intapp during the fourth quarter worth approximately $305,000. Finally, Barclays PLC grew its stake in Intapp by 90.1% during the third quarter. Barclays PLC now owns 106,781 shares of the company's stock worth $5,108,000 after buying an additional 50,607 shares during the period. Institutional investors and hedge funds own 89.96% of the company's stock.

Analyst Upgrades and Downgrades

INTA has been the topic of several recent research reports. UBS Group upped their price target on shares of Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Raymond James reaffirmed a "market perform" rating on shares of Intapp in a report on Friday, January 3rd. Barclays upped their price target on shares of Intapp from $63.00 to $68.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. Stifel Nicolaus boosted their price objective on shares of Intapp from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Finally, Citigroup reissued a "neutral" rating and issued a $78.00 price objective (down previously from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company 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.