Insider Selling: Intapp, Inc. (NASDAQ:INTA) CEO Sells 44,009 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 44,009 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total value of $2,609,733.70. Following the completion of the sale, the chief executive officer now owns 5,093,692 shares of the company’s stock, valued at $302,055,935.60. This trade represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Intapp Stock Performance

NASDAQ:INTA opened at $60.15 on Thursday. The stock has a market capitalization of $4.66 billion, a P/E ratio of -207.41 and a beta of 0.64. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $61.37. The company has a 50 day moving average price of $51.85 and a 200 day moving average price of $42.69.

Intapp (NASDAQ:INTA) 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. Research analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. UBS Group upped their target price on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Stifel Nicolaus upped their price objective on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Piper Sandler reaffirmed an “overweight” rating and set a $60.00 target price (up from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Raymond James boosted their target price on shares of Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, Truist Financial restated a “buy” rating and set a $55.00 price target (up previously from $47.00) on shares of Intapp in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.55.

Institutional Trading of Intapp

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sei Investments Co. boosted its stake in shares of Intapp by 13.4% in the first quarter. Sei Investments Co. now owns 13,858 shares of the company’s stock valued at $475,000 after purchasing an additional 1,638 shares during the period. ProShare Advisors LLC purchased a new position in Intapp in the 1st quarter valued at approximately $246,000. Vanguard Group Inc. grew its stake in shares of Intapp by 42.7% in the first quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock worth $172,002,000 after acquiring an additional 1,501,091 shares in the last quarter. American International Group Inc. grew its stake in shares of Intapp by 42.6% in the first quarter. American International Group Inc. now owns 19,642 shares of the company’s stock worth $674,000 after acquiring an additional 5,864 shares in the last quarter. Finally, Shell Asset Management Co. purchased a new stake in shares of Intapp during the first quarter worth $179,000. 89.96% of the stock is currently 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.