Intapp, Inc. (NASDAQ:INTA) COO Sells $1,940,240.94 in Stock

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 35,778 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $54.23, for a total value of $1,940,240.94. Following the transaction, the chief operating officer now owns 668,239 shares of the company’s stock, valued at approximately $36,238,600.97. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Intapp Stock Performance

Shares of NASDAQ INTA traded up $0.88 during trading on Thursday, hitting $59.64. The company had a trading volume of 988,536 shares, compared to its average volume of 649,566. The company has a market cap of $4.59 billion, a P/E ratio of -201.59 and a beta of 0.64. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $59.92. The business’s 50-day moving average is $48.01 and its 200 day moving average is $40.06.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08. The company had revenue of $118.81 million for the quarter, compared to analysts’ expectations of $117.88 million. Intapp had a negative return on equity of 2.15% and a negative net margin of 4.74%. The firm’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.20) earnings per share. On average, research analysts expect that Intapp, Inc. will post -0.15 EPS for the current year.

Institutional Trading of Intapp

Several large investors have recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new stake in Intapp during the 3rd quarter valued at $54,000. Natixis Advisors LLC acquired a new stake in Intapp during the 3rd quarter valued at $1,471,000. GSA Capital Partners LLP acquired a new stake in Intapp during the 3rd quarter valued at $481,000. Los Angeles Capital Management LLC acquired a new stake in Intapp during the 3rd quarter valued at $354,000. Finally, TimesSquare Capital Management LLC raised its stake in Intapp by 27.6% during the 3rd quarter. TimesSquare Capital Management LLC now owns 545,160 shares of the company’s stock valued at $26,075,000 after purchasing an additional 117,795 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on INTA. Truist Financial reiterated a “buy” rating and set a $55.00 price objective (up from $47.00) on shares of Intapp in a research report on Tuesday. JPMorgan Chase & Co. boosted their price objective on Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday. UBS Group boosted their price objective on Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Stifel Nicolaus boosted their price objective on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Finally, Barclays upped their target price on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $53.55.

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.