Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman Sells 5,000 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 5,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $36.49, for a total value of $182,450.00. Following the completion of the sale, the chief operating officer now owns 648,411 shares of the company’s stock, valued at approximately $23,660,517.39. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Intapp Stock Performance

Shares of NASDAQ INTA opened at $37.05 on Wednesday. The company has a 50 day simple moving average of $34.94 and a two-hundred day simple moving average of $36.79. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $45.43. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of -60.74 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 for the quarter, beating analysts’ consensus estimates 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 company had revenue of $110.64 million during the quarter, compared to analyst estimates of $108.18 million. On average, analysts forecast that Intapp, Inc. will post -0.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intapp

Several large investors have recently modified their holdings of the stock. Trexquant Investment LP bought a new stake in Intapp during the 4th quarter valued at about $1,616,000. Vanguard Group Inc. raised its holdings in Intapp by 10.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,809,281 shares of the company’s stock worth $94,167,000 after acquiring an additional 260,610 shares during the last quarter. Wellington Management Group LLP lifted its position in Intapp by 60.0% in the 3rd quarter. Wellington Management Group LLP now owns 989,722 shares of the company’s stock valued at $33,175,000 after acquiring an additional 371,181 shares in the last quarter. TD Asset Management Inc boosted its stake in Intapp by 498.3% during the 4th quarter. TD Asset Management Inc now owns 45,090 shares of the company’s stock valued at $1,714,000 after purchasing an additional 37,554 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Intapp by 44.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,363,074 shares of the company’s stock worth $45,690,000 after purchasing an additional 422,016 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on INTA shares. Piper Sandler dropped their price target on Intapp from $52.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, May 10th. Barclays cut their target price on shares of Intapp from $47.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. Oppenheimer decreased their price target on shares of Intapp from $50.00 to $42.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. Stifel Nicolaus cut their price objective on Intapp from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Finally, Citigroup reduced their target price on Intapp from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, June 28th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $45.88.

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.