Intapp, Inc. (NASDAQ:INTA) Insider Thad Jampol Sells 20,000 Shares

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction on Monday, March 10th. The shares were sold at an average price of $57.15, for a total transaction of $1,143,000.00. Following the completion of the sale, the insider now directly owns 857,250 shares of the company’s stock, valued at approximately $48,991,837.50. The trade was a 2.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Thad Jampol also recently made the following trade(s):

• On Wednesday, January 8th, Thad Jampol sold 20,000 shares of Intapp stock. The shares were sold at an average price of $61.85, for a total value of $1,237,000.00.

Intapp Stock Performance

NASDAQ INTA opened at $61.05 on Thursday. The company has a market capitalization of $4.85 billion, a PE ratio of -210.51 and a beta of 0.77. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $77.74. The company has a 50-day simple moving average of $67.46 and a 200 day simple moving average of $59.02.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) 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%. As a group, analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Intapp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. purchased a new position in shares of Intapp in the 4th quarter worth $291,000. FORA Capital LLC purchased a new position in Intapp during the 3rd quarter valued at $566,000. Loomis Sayles & Co. L P boosted its holdings 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 purchasing an additional 343,275 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Intapp by 1,054.0% in the 3rd 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. Finally, Venturi Wealth Management LLC bought a new position in shares of Intapp during the 4th quarter worth approximately $305,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on INTA. Barclays upped their target price on Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Stifel Nicolaus increased their price objective on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. increased their price target on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. UBS Group increased their price objective on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, Raymond James reissued a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.