Intapp, Inc. (NASDAQ:INTA) COO Sells $1,052,456.40 in Stock

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 17,748 shares of Intapp stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total transaction of $1,052,456.40. Following the transaction, the chief operating officer now directly owns 695,498 shares in the company, valued at approximately $41,243,031.40. This represents a 2.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Intapp Stock Performance

Shares of INTA stock opened at $60.15 on Thursday. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $61.37. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of -207.41 and a beta of 0.64. The firm’s 50-day moving average is $51.85 and its 200-day moving average is $42.69.

Intapp (NASDAQ:INTA) last announced its quarterly 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 business had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. Intapp’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.20) EPS. Sell-side analysts predict that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Institutional Trading of Intapp

Several hedge funds have recently added to or reduced their stakes in INTA. Farther Finance Advisors LLC grew its holdings 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 buying an additional 527 shares in the last quarter. J.Safra Asset Management Corp grew 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 valued at $26,000 after acquiring an additional 615 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Intapp by 239.1% in the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after acquiring an additional 581 shares in the last quarter. Blue Trust Inc. acquired a new stake in Intapp in the 2nd quarter worth about $30,000. Finally, Quest Partners LLC bought a new stake in Intapp in the 3rd quarter valued at about $54,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

INTA has been the topic of several recent analyst reports. Piper Sandler reiterated an “overweight” rating and set a $60.00 target price (up from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Bank of America decreased their price objective on Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Truist Financial restated a “buy” rating and set a $55.00 target price (up from $47.00) on shares of Intapp in a report on Tuesday, November 5th. Citigroup upped their price target on shares of Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently 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.