Insider Selling: Intapp, Inc. (NASDAQ:INTA) CMO Sells 2,086 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) CMO Scott Fitzgerald sold 2,086 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $64.54, for a total transaction of $134,630.44. Following the completion of the transaction, the chief marketing officer now directly owns 47,517 shares in the company, valued at $3,066,747.18. This trade represents a 4.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Scott Fitzgerald also recently made the following trade(s):

• On Thursday, February 20th, Scott Fitzgerald sold 3,394 shares of Intapp stock. The stock was sold at an average price of $68.83, for a total transaction of $233,609.02.
• On Thursday, January 2nd, Scott Fitzgerald sold 3,000 shares of Intapp stock. The stock was sold at an average price of $64.38, for a total transaction of $193,140.00.
• On Monday, December 2nd, Scott Fitzgerald sold 3,000 shares of Intapp stock. The stock was sold at an average price of $63.53, for a total transaction of $190,590.00.

Intapp Stock Down 0.9 %

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

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share 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%. Analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on INTA shares. UBS Group boosted their price target on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Stifel Nicolaus upped their price objective on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Piper Sandler reaffirmed an “overweight” rating and set a $71.00 price objective (up from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Barclays upped their price objective on shares of Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Finally, Raymond James reaffirmed a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.45.

Institutional Investors Weigh In On Intapp

Several hedge funds and other institutional investors have recently modified their holdings of INTA. Mackenzie Financial Corp bought a new position in shares of Intapp in the fourth quarter worth approximately $214,000. Palisades Investment Partners LLC increased its position in shares of Intapp by 10.0% in the fourth quarter. Palisades Investment Partners LLC now owns 166,013 shares of the company’s stock worth $10,640,000 after purchasing an additional 15,123 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Intapp by 14.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 177,000 shares of the company’s stock worth $11,344,000 after purchasing an additional 21,972 shares during the last quarter. Voloridge Investment Management LLC increased its position in shares of Intapp by 84.5% in the fourth quarter. Voloridge Investment Management LLC now owns 338,994 shares of the company’s stock worth $21,726,000 after purchasing an additional 155,286 shares during the last quarter. Finally, Vident Advisory LLC increased its position in shares of Intapp by 34.3% in the fourth quarter. Vident Advisory LLC now owns 7,643 shares of the company’s stock worth $490,000 after purchasing an additional 1,950 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors.

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.