Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman Sells 12,601 Shares

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 12,601 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $867,326.83. Following the completion of the sale, the chief operating officer now owns 438,721 shares of the company’s stock, valued at $30,197,166.43. This trade represents a 2.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Intapp Trading Down 4.7 %

Shares of Intapp stock opened at $66.11 on Friday. The stock’s fifty day moving average price is $68.13 and its 200-day moving average price is $56.78. The firm has a market cap of $5.25 billion, a P/E ratio of -227.96 and a beta of 0.74. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $77.74.

Intapp (NASDAQ:INTA) last posted its earnings results on Tuesday, February 4th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. Analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on INTA. Piper Sandler reissued an “overweight” rating and issued a $71.00 price objective (up from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. JPMorgan Chase & Co. increased their price target on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Stifel Nicolaus boosted their price objective on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Barclays increased their target price on Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Finally, UBS Group boosted their target price on shares of Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.45.

Hedge Funds Weigh In On Intapp

A number of large investors have recently bought and sold shares of the business. Raleigh Capital Management Inc. bought a new stake in Intapp during the 4th quarter valued at $25,000. Global Retirement Partners LLC purchased a new stake in shares of Intapp during the 4th quarter worth $25,000. Farther Finance Advisors LLC boosted its position in Intapp by 1,054.0% during the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 527 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Intapp in the fourth quarter valued at about $32,000. Finally, Johnson Financial Group Inc. raised its holdings in Intapp by 273.8% in the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company’s stock worth $53,000 after purchasing an additional 605 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

About Intapp

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.