Ralph Baxter Sells 50,000 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) Director Ralph Baxter sold 50,000 shares of Intapp stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $57.10, for a total transaction of $2,855,000.00. Following the transaction, the director now directly owns 5,624 shares of the company’s stock, valued at approximately $321,130.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Ralph Baxter also recently made the following trade(s):

• On Thursday, October 10th, Ralph Baxter sold 5,000 shares of Intapp stock. The shares were sold at an average price of $47.44, for a total value of $237,200.00.

Intapp Stock Down 0.4 %

Shares of INTA stock opened at $59.39 on Friday. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of -204.79 and a beta of 0.64. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $59.92. The company’s 50 day moving average is $48.56 and its 200 day moving average is $40.46.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.13 by $0.08. Intapp had a negative return on equity of 2.15% and a negative net margin of 4.74%. The firm had revenue of $118.81 million during the quarter, compared to analyst estimates of $117.88 million. During the same period in the previous year, the company posted ($0.20) EPS. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. Analysts anticipate that Intapp, Inc. will post -0.15 EPS for the current fiscal year.

Institutional Trading of Intapp

Institutional investors have recently modified their holdings of the company. Bamco Inc. NY purchased a new stake in Intapp during the first quarter valued at approximately $88,605,000. Vanguard Group Inc. lifted its holdings in shares of 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 purchasing an additional 1,501,091 shares during the last quarter. Clearbridge Investments LLC acquired a new stake in shares of Intapp in the 1st quarter worth $16,156,000. F M Investments LLC purchased a new position in Intapp during the 2nd quarter worth $7,006,000. Finally, Jane Street Group LLC increased its position in Intapp by 766.2% during the 1st quarter. Jane Street Group LLC now owns 166,456 shares of the company’s stock valued at $5,709,000 after buying an additional 147,240 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on INTA shares. Bank of America decreased their price target on Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. UBS Group boosted their target price on shares of Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 price target (up previously from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Truist Financial reissued a “buy” rating and issued a $55.00 price objective (up from $47.00) on shares of Intapp in a research report on Tuesday, November 5th. Finally, Citigroup upped their target price on shares of Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.55.

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.