Intapp, Inc. (NASDAQ:INTA) CMO Scott Fitzgerald Sells 5,221 Shares

Intapp, Inc. (NASDAQ:INTA) CMO Scott Fitzgerald sold 5,221 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $59.30, for a total value of $309,605.30. Following the completion of the sale, the chief marketing officer now owns 46,552 shares of the company’s stock, valued at $2,760,533.60. This trade represents a 10.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Intapp Trading Down 0.6 %

Shares of INTA traded down $0.34 during trading hours on Monday, reaching $59.92. 674,119 shares of the stock traded hands, compared to its average volume of 642,684. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $60.88. The stock has a fifty day simple moving average of $51.33 and a 200 day simple moving average of $42.36. The company has a market cap of $4.64 billion, a price-to-earnings ratio of -207.79 and a beta of 0.64.

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

Institutional Trading of Intapp

Several institutional investors and hedge funds have recently modified their holdings of INTA. FMR LLC boosted its holdings in shares of Intapp by 7.8% in the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after purchasing an additional 411,434 shares in the last quarter. Vanguard Group Inc. boosted its stake in Intapp by 42.7% in the first quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock worth $172,002,000 after buying an additional 1,501,091 shares in the last quarter. Bamco Inc. NY grew its position in Intapp by 1.2% during the third quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock valued at $136,337,000 after acquiring an additional 34,409 shares during the last quarter. Praesidium Investment Management Company LLC raised its stake in shares of Intapp by 15.3% during the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock worth $92,316,000 after acquiring an additional 256,327 shares in the last quarter. Finally, Loomis Sayles & Co. L P lifted its holdings in shares of Intapp by 29.9% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after acquiring an additional 343,275 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on INTA shares. Raymond James increased their price target on Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Piper Sandler reissued an “overweight” rating and set a $60.00 price target (up from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Citigroup lifted their price target on shares of Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. boosted their price target on Intapp from $52.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus lifted their price objective on Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $53.55.

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.