Insider Selling: Intapp, Inc. (NASDAQ:INTA) CFO Sells $374,779.35 in Stock

Intapp, Inc. (NASDAQ:INTA) CFO David H. Morton, Jr. sold 5,445 shares of Intapp stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $374,779.35. Following the completion of the sale, the chief financial officer now directly owns 38,996 shares in the company, valued at $2,684,094.68. This represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Intapp Stock Down 4.7 %

Shares of Intapp stock opened at $66.11 on Monday. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $77.74. The business’s fifty day simple moving average is $68.13 and its 200-day simple moving average is $56.96. The firm has a market cap of $5.25 billion, a PE ratio of -227.96 and a beta of 0.74.

Intapp (NASDAQ:INTA) last announced 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 net margin of 4.78% and a negative return on equity of 1.86%. As a group, equities analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current year.

Institutional Investors Weigh In On Intapp

Several institutional investors and hedge funds have recently modified their holdings of the company. Mackenzie Financial Corp purchased a new stake in shares of Intapp in the 4th quarter valued at $214,000. Palisades Investment Partners LLC raised its holdings in shares of Intapp by 10.0% in the 4th quarter. Palisades Investment Partners LLC now owns 166,013 shares of the company’s stock valued at $10,640,000 after buying an additional 15,123 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Intapp by 14.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 177,000 shares of the company’s stock valued at $11,344,000 after buying an additional 21,972 shares during the period. Voloridge Investment Management LLC increased its holdings in Intapp by 84.5% during the 4th quarter. Voloridge Investment Management LLC now owns 338,994 shares of the company’s stock worth $21,726,000 after purchasing an additional 155,286 shares during the period. Finally, Vident Advisory LLC increased its holdings in Intapp by 34.3% during the 4th quarter. Vident Advisory LLC now owns 7,643 shares of the company’s stock worth $490,000 after purchasing an additional 1,950 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on INTA shares. Citigroup reaffirmed a “neutral” rating and issued a $78.00 price target (down from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Piper Sandler reaffirmed an “overweight” rating and issued a $71.00 price target (up from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. UBS Group lifted their price target on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Raymond James reissued a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Finally, Stifel Nicolaus boosted their price objective on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.45.

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.