Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman Sells 17,748 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 17,748 shares of Intapp stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total transaction of $1,052,456.40. Following the completion of the transaction, the chief operating officer now owns 695,498 shares of the company’s stock, valued at $41,243,031.40. This represents a 2.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Intapp Trading Down 0.6 %

Shares of NASDAQ INTA opened at $59.92 on Tuesday. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of -206.62 and a beta of 0.64. The stock’s 50-day moving average is $51.57 and its 200 day moving average is $42.52. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $60.88.

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

Analysts Set New Price Targets

INTA has been the subject of several recent research reports. Barclays lifted their price target on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Raymond James raised their price target on shares of Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Truist Financial reiterated a “buy” rating and issued a $55.00 price objective (up previously from $47.00) on shares of Intapp in a research report on Tuesday, November 5th. UBS Group boosted their target price on Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Finally, Bank of America lowered their price target on Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Intapp currently has an average rating of “Moderate Buy” and an average target price of $53.55.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Sei Investments Co. boosted its holdings in Intapp by 13.4% during the 1st quarter. Sei Investments Co. now owns 13,858 shares of the company’s stock valued at $475,000 after acquiring an additional 1,638 shares during the period. ProShare Advisors LLC purchased a new stake in shares of Intapp during the first quarter valued at approximately $246,000. Vanguard Group Inc. grew its holdings in shares of Intapp by 42.7% in the first quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock worth $172,002,000 after purchasing an additional 1,501,091 shares during the last quarter. American International Group Inc. increased its stake in shares of Intapp by 42.6% in the first quarter. American International Group Inc. now owns 19,642 shares of the company’s stock worth $674,000 after buying an additional 5,864 shares during the period. Finally, Shell Asset Management Co. bought a new stake in Intapp during the 1st quarter valued at $179,000. 89.96% of the stock is 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.