Intapp, Inc. (NASDAQ:INTA) CFO David H. Morton, Jr. Sells 10,000 Shares

Intapp, Inc. (NASDAQ:INTA) CFO David H. Morton, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $64.83, for a total transaction of $648,300.00. Following the sale, the chief financial officer now directly owns 17,331 shares of the company’s stock, valued at approximately $1,123,568.73. The trade was a 36.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Intapp Stock Down 0.7 %

NASDAQ:INTA opened at $66.46 on Friday. The stock’s fifty day simple moving average is $54.26 and its 200-day simple moving average is $44.12. The firm has a market capitalization of $5.14 billion, a P/E ratio of -229.17 and a beta of 0.74. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $68.78.

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

Institutional Investors Weigh In On Intapp

Several large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its holdings in shares of Intapp by 1.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company’s stock valued at $1,187,000 after buying an additional 264 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Intapp by 7.2% during the third quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company’s stock worth $265,000 after acquiring an additional 373 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Intapp by 59.1% during the third quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock worth $67,000 after acquiring an additional 519 shares in the last quarter. Farther Finance Advisors LLC increased its holdings 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 worth $28,000 after acquiring an additional 527 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its position in shares of Intapp by 634.0% during the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after purchasing an additional 615 shares during the period. Institutional investors own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Truist Financial reaffirmed a “buy” rating and set a $55.00 price target (up from $47.00) on shares of Intapp in a report on Tuesday, November 5th. JPMorgan Chase & Co. raised their target price on Intapp from $52.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Barclays upped their price target on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. UBS Group raised their price objective on shares of Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Raymond James upped their target price on shares of Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $53.55.

Intapp Company Profile

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.