Intapp, Inc. (NASDAQ:INTA) Insider Sells $901,800.00 in Stock

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $45.09, for a total transaction of $901,800.00. Following the completion of the transaction, the insider now directly owns 772,412 shares in the company, valued at approximately $34,828,057.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, September 19th, Thad Jampol sold 31,666 shares of Intapp stock. The shares were sold at an average price of $49.09, for a total transaction of $1,554,483.94.

Intapp Price Performance

Shares of INTA opened at $47.59 on Friday. The firm has a 50-day simple moving average of $43.79 and a two-hundred day simple moving average of $37.73. The stock has a market cap of $3.49 billion, a PE ratio of -78.02 and a beta of 0.65. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $51.80.

Intapp (NASDAQ:INTA) last posted its earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. The firm had revenue of $114.38 million during the quarter, compared to the consensus estimate of $111.58 million. Intapp had a negative net margin of 7.44% and a negative return on equity of 5.36%. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.14) EPS. As a group, sell-side analysts expect that Intapp, Inc. will post -0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on INTA. Citigroup upped their price target on Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Oppenheimer reaffirmed a “market perform” rating on shares of Intapp in a research note on Monday, July 8th. UBS Group boosted their price target 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. Bank of America cut their price objective on shares of Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $46.00 target price on shares of Intapp in a report on Wednesday, August 14th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $50.00.

Institutional Investors Weigh In On Intapp

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Intapp by 42.7% during the 1st quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock valued at $172,002,000 after acquiring an additional 1,501,091 shares during the period. Bamco Inc. NY acquired a new stake in shares of Intapp during the first quarter worth about $88,605,000. Clearbridge Investments LLC boosted its stake in shares of Intapp by 64.0% in the second quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock valued at $28,319,000 after purchasing an additional 301,238 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Intapp by 18.4% in the second quarter. Dimensional Fund Advisors LP now owns 686,496 shares of the company’s stock valued at $25,173,000 after purchasing an additional 106,668 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC increased its stake in Intapp by 58.4% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 381,912 shares of the company’s stock worth $13,100,000 after buying an additional 140,792 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.