John T. Hall Sells 28,443 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 28,443 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $64.66, for a total value of $1,839,124.38. Following the transaction, the chief executive officer now owns 5,213,782 shares of the company’s stock, valued at $337,123,144.12. This represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Intapp Stock Down 0.9 %

Intapp stock opened at $65.30 on Wednesday. The business’s 50-day simple moving average is $68.07 and its 200 day simple moving average is $57.42. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of -225.16 and a beta of 0.74. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $77.74.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. As a group, sell-side analysts expect that Intapp, Inc. will post -0.14 EPS for the current year.

Hedge Funds Weigh In On Intapp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Intapp by 11.8% during the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock worth $408,139,000 after buying an additional 672,832 shares during the last quarter. FMR LLC boosted its holdings in Intapp by 7.8% during the third quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after buying an additional 411,434 shares during the last quarter. Bamco Inc. NY boosted its holdings in Intapp by 1.2% during the third quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock worth $136,337,000 after buying an additional 34,409 shares during the last quarter. Invesco Ltd. boosted its holdings in Intapp by 6,506.1% during the fourth quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock worth $126,931,000 after buying an additional 1,950,526 shares during the last quarter. Finally, Praesidium Investment Management Company LLC boosted its holdings in Intapp by 15.3% during the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock worth $92,316,000 after buying an additional 256,327 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Analyst Ratings Changes

INTA has been the subject of several recent analyst reports. Citigroup reiterated a “neutral” rating and set a $78.00 price objective (down from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Raymond James reiterated a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. UBS Group raised their target price on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised their target price on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, Truist Financial raised their target price on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.45.

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.