Insider Selling: Intapp, Inc. (NASDAQ:INTA) Insider Sells 20,174 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 20,174 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total transaction of $1,196,318.20. Following the completion of the transaction, the insider now owns 803,400 shares in the company, valued at $47,641,620. This represents a 2.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, October 8th, Thad Jampol sold 20,000 shares of Intapp stock. The stock was sold at an average price of $45.09, for a total transaction of $901,800.00.
• On Thursday, September 19th, Thad Jampol sold 31,666 shares of Intapp stock. The shares were sold at an average price of $49.09, for a total transaction of $1,554,483.94.

Intapp Stock Performance

Shares of NASDAQ INTA opened at $59.92 on Tuesday. The company has a 50 day simple moving average of $51.57 and a two-hundred day simple moving average of $42.52. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $60.88. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of -206.62 and a beta of 0.64.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The company had revenue of $118.81 million during the quarter, compared to analyst estimates of $117.88 million. During the same quarter last year, the company earned ($0.20) EPS. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intapp

A number of hedge funds have recently bought and sold shares of INTA. Farther Finance Advisors LLC lifted its position in Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after acquiring an additional 527 shares in the last quarter. J.Safra Asset Management Corp raised its stake in shares of Intapp by 634.0% in the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after purchasing an additional 615 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Intapp by 239.1% during the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after purchasing an additional 581 shares in the last quarter. Blue Trust Inc. purchased a new stake in shares of Intapp during the second quarter valued at $30,000. Finally, Quest Partners LLC bought a new stake in Intapp in the 3rd quarter worth about $54,000. Institutional investors own 89.96% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on INTA shares. Barclays raised their target price on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Bank of America reduced their target price on Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. JPMorgan Chase & Co. raised their price target on Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. UBS Group boosted their price objective on shares of Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Raymond James raised their target price on shares of Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Intapp presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.55.

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.