David H. Morton, Jr. Sells 4,204 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) CFO David H. Morton, Jr. sold 4,204 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $59.97, for a total value of $252,113.88. Following the transaction, the chief financial officer now owns 27,331 shares in the company, valued at $1,639,040.07. The trade was a 13.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Intapp Stock Performance

Shares of NASDAQ:INTA opened at $60.15 on Thursday. The business’s fifty day moving average price is $51.85 and its two-hundred day moving average price is $42.69. The stock has a market cap of $4.66 billion, a PE ratio of -207.41 and a beta of 0.64. Intapp, Inc. has a one year low of $30.36 and a one year high of $61.37.

Intapp (NASDAQ:INTA) last announced its earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The firm 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 2.08% and a negative net margin of 4.74%. Intapp’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.20) EPS. As a group, equities research analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Intapp

A number of large investors have recently bought and sold shares of INTA. J.Safra Asset Management Corp lifted its stake in shares of Intapp by 634.0% during the 2nd 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 period. Advisors Asset Management Inc. lifted its stake in shares of Intapp by 239.1% during the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after purchasing an additional 581 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Intapp by 1,054.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after purchasing an additional 527 shares during the period. Blue Trust Inc. purchased a new position in shares of Intapp during the 2nd quarter worth $30,000. Finally, Comerica Bank lifted its stake in shares of Intapp by 218.4% during the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after purchasing an additional 865 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on INTA shares. Truist Financial reiterated a “buy” rating and set a $55.00 target price (up previously from $47.00) on shares of Intapp in a research report on Tuesday, November 5th. Stifel Nicolaus boosted 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. Piper Sandler reiterated an “overweight” rating and set a $60.00 target price (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Citigroup upped their price target on Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. upped their price target on Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a report 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 stock. According to data from MarketBeat.com, Intapp currently has an average rating of “Moderate Buy” and an average 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.