Intapp, Inc. (NASDAQ:INTA) Insider Michele Murgel Sells 4,632 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) insider Michele Murgel sold 4,632 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $64.54, for a total transaction of $298,949.28. Following the completion of the sale, the insider now owns 213,794 shares of the company’s stock, valued at approximately $13,798,264.76. This represents a 2.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Michele Murgel also recently made the following trade(s):

• On Thursday, February 20th, Michele Murgel sold 7,531 shares of Intapp stock. The shares were sold at an average price of $68.83, for a total transaction of $518,358.73.

Intapp Stock Down 0.9 %

Shares of NASDAQ:INTA opened at $65.30 on Wednesday. The firm has a market capitalization of $5.18 billion, a PE ratio of -225.16 and a beta of 0.74. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $77.74. The company has a 50-day moving average price of $68.07 and a two-hundred day moving average price of $57.42.

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

Hedge Funds Weigh In On Intapp

Large investors have recently modified their holdings of the company. FORA Capital LLC bought a new position in shares of Intapp in the third quarter valued at approximately $566,000. Loomis Sayles & Co. L P boosted its position in shares of Intapp by 29.9% in the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock valued at $71,392,000 after acquiring an additional 343,275 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after acquiring an additional 527 shares during the period. Venturi Wealth Management LLC bought a new position in shares of Intapp in the fourth quarter valued at approximately $305,000. Finally, Barclays PLC boosted its position in shares of Intapp by 90.1% in the third quarter. Barclays PLC now owns 106,781 shares of the company’s stock valued at $5,108,000 after acquiring an additional 50,607 shares during the period. 89.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on INTA. Raymond James restated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Citigroup restated a “neutral” rating and set a $78.00 price objective (down previously from $87.00) on shares of Intapp in a report on Thursday, January 16th. Truist Financial raised their price objective on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Barclays raised their price objective on shares of Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Finally, Piper Sandler restated an “overweight” rating and set a $71.00 price objective (up previously from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.