John T. Hall Sells 61,842 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 61,842 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $59.68, for a total value of $3,690,730.56. Following the transaction, the chief executive officer now directly owns 5,030,432 shares in the company, valued at $300,216,181.76. This trade represents a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Intapp Trading Down 1.9 %

INTA stock opened at $60.15 on Thursday. The firm has a market cap of $4.66 billion, a PE ratio of -207.41 and a beta of 0.64. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $61.37. The company has a fifty day simple moving average of $51.85 and a 200 day simple moving average of $42.69.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.21 EPS 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 business had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. During the same quarter in the prior year, the firm posted ($0.20) EPS. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Institutional Trading of Intapp

A number of institutional investors and hedge funds have recently modified their holdings of the company. Franklin Resources Inc. raised its holdings in Intapp by 28.4% in the 3rd quarter. Franklin Resources Inc. now owns 456,619 shares of the company’s stock worth $22,173,000 after acquiring an additional 100,982 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Intapp in the 3rd quarter worth approximately $64,000. Sanctuary Advisors LLC bought a new position in Intapp during the third quarter worth $239,000. Virtu Financial LLC acquired a new position in shares of Intapp during the third quarter valued at about $609,000. Finally, Geode Capital Management LLC lifted its stake in shares of Intapp by 9.9% in the third quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock valued at $50,291,000 after buying an additional 95,035 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on INTA. Citigroup raised their target price on shares of Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Bank of America lowered their price objective on shares of Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Stifel Nicolaus upped their target price on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Truist Financial reiterated a “buy” rating and set a $55.00 price target (up from $47.00) on shares of Intapp in a research report on Tuesday, November 5th. Finally, Barclays lifted their price objective on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Two equities 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 a consensus price target 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.