Intapp, Inc. (NASDAQ:INTA) Director Ralph Baxter Sells 9,289 Shares

Intapp, Inc. (NASDAQ:INTA - Get Free Report) Director Ralph Baxter sold 9,289 shares of the business's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $70.14, for a total transaction of $651,530.46. Following the sale, the director now directly owns 9,441 shares of the company's stock, valued at $662,191.74. This represents a 49.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Ralph Baxter also recently made the following trade(s):

• On Tuesday, December 10th, Ralph Baxter sold 5,000 shares of Intapp stock. The stock was sold at an average price of $68.24, for a total value of $341,200.00.
• On Wednesday, November 6th, Ralph Baxter sold 50,000 shares of Intapp stock. The shares were sold at an average price of $57.10, for a total value of $2,855,000.00.
• On Thursday, October 10th, Ralph Baxter sold 5,000 shares of Intapp stock. The stock was sold at an average price of $47.44, for a total transaction of $237,200.00.

Intapp Trading Down 0.4 %

NASDAQ INTA traded down $0.27 during trading hours on Monday, reaching $68.36. The company had a trading volume of 789,427 shares, compared to its average volume of 638,429. The stock has a market capitalization of $5.29 billion, a P/E ratio of -235.72 and a beta of 0.74. The stock has a 50-day moving average of $56.84 and a 200 day moving average of $45.57. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $71.34.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of Intapp from $55.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday. JPMorgan Chase & Co. boosted their target price on Intapp from $58.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Piper Sandler reaffirmed an "overweight" rating and issued a $60.00 price target (up previously from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Stifel Nicolaus lifted their price objective on Intapp from $45.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, September 23rd. Finally, Citigroup upped their target price on Intapp from $63.00 to $87.00 and gave the company a "buy" rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $59.27.

Institutional Investors Weigh In On Intapp

Institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in Intapp by 1,054.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company's stock worth $28,000 after buying an additional 527 shares during the last quarter. Blue Trust Inc. acquired a new stake in shares of Intapp during the 2nd quarter worth about $30,000. Comerica Bank lifted its stake in Intapp by 218.4% during the first quarter. Comerica Bank now owns 1,261 shares of the company's stock worth $43,000 after purchasing an additional 865 shares during the last quarter. Quest Partners LLC acquired a new position in Intapp in the third quarter valued at approximately $54,000. Finally, Financial Management Professionals Inc. acquired a new position in Intapp in the third quarter valued at approximately $57,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.