John T. Hall Sells 70,986 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 70,986 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $68.83, for a total value of $4,885,966.38. Following the completion of the transaction, the chief executive officer now directly owns 5,026,096 shares in the company, valued at approximately $345,946,187.68. This trade represents a 1.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Intapp Price Performance

INTA opened at $64.61 on Friday. The business has a fifty day moving average price of $57.95 and a 200 day moving average price of $46.04. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $71.34. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of -222.79 and a beta of 0.74.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The business had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.20) earnings per share. On average, research analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current year.

Institutional Investors Weigh In On Intapp

Large investors have recently modified their holdings of the company. FMR LLC boosted its position in shares of Intapp by 7.8% during the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after acquiring an additional 411,434 shares in the last quarter. Bamco Inc. NY boosted its holdings in Intapp by 1.2% in the third quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock valued at $136,337,000 after purchasing an additional 34,409 shares in the last quarter. Praesidium Investment Management Company LLC increased its stake in Intapp by 15.3% in the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock valued at $92,316,000 after purchasing an additional 256,327 shares during the last quarter. Loomis Sayles & Co. L P raised its holdings 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 purchasing an additional 343,275 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Intapp by 9.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock worth $50,291,000 after buying an additional 95,035 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

INTA has been the subject of several research analyst reports. Barclays increased their target price on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Truist Financial increased their price objective on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Piper Sandler reissued an “overweight” rating and issued a $60.00 target price (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Citigroup upped their price target on Intapp from $63.00 to $87.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Stifel Nicolaus lifted their price objective on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Intapp has an average rating of “Moderate Buy” and an average target price of $60.64.

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.