Insider Selling: Intapp, Inc. (NASDAQ:INTA) Insider Sells $117,720.00 in Stock

Intapp, Inc. (NASDAQ:INTA) insider Michele Murgel sold 1,962 shares of Intapp stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $60.00, for a total transaction of $117,720.00. Following the sale, the insider now owns 182,462 shares of the company’s stock, valued at $10,947,720. The trade was a 1.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Michele Murgel also recently made the following trade(s):

• On Monday, March 17th, Michele Murgel sold 23,404 shares of Intapp stock. The stock was sold at an average price of $60.13, for a total value of $1,407,282.52.
• On Monday, February 24th, Michele Murgel sold 4,632 shares of Intapp stock. The shares were sold at an average price of $64.54, for a total value of $298,949.28.
• On Thursday, February 20th, Michele Murgel sold 7,531 shares of Intapp stock. The stock was sold at an average price of $68.83, for a total value of $518,358.73.

Intapp Stock Up 1.2 %

NASDAQ:INTA opened at $60.95 on Monday. The stock has a market capitalization of $4.84 billion, a PE ratio of -210.17 and a beta of 0.76. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $77.74. The stock’s 50-day moving average price is $66.88 and its 200-day moving average price is $59.84.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) 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%. Sell-side 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 have issued reports on INTA shares. JPMorgan Chase & Co. raised their price target on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Raymond James reiterated a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. UBS Group boosted their target price on shares of Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Citigroup reaffirmed a “neutral” rating and set a $78.00 price target (down from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Finally, Stifel Nicolaus boosted their price objective on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.45.

Institutional Investors Weigh In On Intapp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. acquired a new stake in shares of Intapp in the fourth quarter valued at about $291,000. FORA Capital LLC purchased a new position in Intapp in the 3rd quarter valued at about $566,000. Loomis Sayles & Co. L P boosted its holdings in Intapp by 29.9% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after buying an additional 343,275 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in Intapp during the 4th quarter worth approximately $305,000. Finally, Barclays PLC raised its holdings in shares of Intapp by 90.1% during the third quarter. Barclays PLC now owns 106,781 shares of the company’s stock valued at $5,108,000 after acquiring an additional 50,607 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.