Intapp, Inc. (NASDAQ:INTA) Insider Sells $523,800.00 in Stock

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 15,000 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $34.92, for a total transaction of $523,800.00. Following the completion of the sale, the insider now owns 749,652 shares in the company, valued at $26,177,847.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, June 10th, Thad Jampol sold 15,000 shares of Intapp stock. The shares were sold at an average price of $34.67, for a total transaction of $520,050.00.
• On Wednesday, May 8th, Thad Jampol sold 20,000 shares of Intapp stock. The shares were sold at an average price of $35.26, for a total transaction of $705,200.00.

Intapp Price Performance

Shares of INTA stock opened at $35.49 on Friday. The firm has a 50-day moving average of $35.51 and a 200-day moving average of $36.65. The company has a market cap of $2.61 billion, a P/E ratio of -58.18 and a beta of 0.61. Intapp, Inc. has a one year low of $30.36 and a one year high of $45.43.

Intapp (NASDAQ:INTA) last issued its earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.10. Intapp had a negative net margin of 10.44% and a negative return on equity of 9.08%. The firm had revenue of $110.64 million during the quarter, compared to analyst estimates of $108.18 million. As a group, research analysts expect that Intapp, Inc. will post -0.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Advisors Asset Management Inc. boosted its holdings in Intapp by 239.1% in the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after acquiring an additional 581 shares in the last quarter. Comerica Bank lifted its stake in shares of Intapp by 218.4% in the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after purchasing an additional 865 shares during the period. Assetmark Inc. increased its holdings in Intapp by 164.6% in the 4th quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock worth $50,000 after acquiring an additional 815 shares in the last quarter. Covestor Ltd increased its holdings in Intapp by 52.0% in the 1st quarter. Covestor Ltd now owns 2,395 shares of the company’s stock worth $82,000 after acquiring an additional 819 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Intapp in the 1st quarter worth approximately $86,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. BTIG Research dropped their target price on shares of Intapp from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Oppenheimer reiterated a “market perform” rating on shares of Intapp in a research report on Monday. Barclays reduced their target price on shares of Intapp from $47.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Citigroup reduced their price objective on shares of Intapp from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Finally, Stifel Nicolaus dropped their target price 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. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.