Insider Selling: Intapp, Inc. (NASDAQ:INTA) COO Sells 5,000 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 5,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $35.37, for a total value of $176,850.00. Following the completion of the sale, the chief operating officer now owns 648,411 shares of the company’s stock, valued at $22,934,297.07. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Intapp Stock Down 3.7 %

NASDAQ:INTA opened at $32.46 on Wednesday. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $50.46. The stock’s fifty day moving average is $34.15 and its two-hundred day moving average is $36.97. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of -53.21 and a beta of 0.61.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.10. Intapp had a negative return on equity of 9.08% and a negative net margin of 10.44%. The firm had revenue of $110.64 million for the quarter, compared to the consensus estimate of $108.18 million. On average, sell-side analysts expect that Intapp, Inc. will post -0.37 EPS for the current fiscal year.

Institutional Trading of Intapp

Hedge funds have recently made changes to their positions in the business. Artal Group S.A. increased its stake in Intapp by 68.6% during the 1st quarter. Artal Group S.A. now owns 29,500 shares of the company’s stock worth $1,012,000 after buying an additional 12,000 shares during the period. Comerica Bank grew its stake in shares of Intapp by 218.4% in the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after acquiring an additional 865 shares in the last quarter. Jane Street Group LLC increased its position in shares of Intapp by 766.2% during the first quarter. Jane Street Group LLC now owns 166,456 shares of the company’s stock worth $5,709,000 after acquiring an additional 147,240 shares during the period. California State Teachers Retirement System raised its stake in shares of Intapp by 48.3% in the first quarter. California State Teachers Retirement System now owns 43,412 shares of the company’s stock valued at $1,489,000 after acquiring an additional 14,138 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC grew 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 purchasing an additional 140,792 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays lowered their price target on shares of Intapp from $47.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. Piper Sandler dropped their price target on shares of Intapp from $52.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, May 10th. Stifel Nicolaus reduced their price target on shares of Intapp from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Citigroup lowered their price objective on Intapp from $57.00 to $52.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Finally, Oppenheimer reduced their target price on Intapp from $50.00 to $42.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, Intapp currently has an average rating of “Buy” and an average target price of $46.13.

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.