Insider Selling: Intapp, Inc. (NASDAQ:INTA) CEO Sells $2,287,014.41 in Stock

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 33,227 shares of Intapp stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $2,287,014.41. Following the transaction, the chief executive officer now directly owns 5,258,576 shares in the company, valued at approximately $361,947,786.08. This represents a 0.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Intapp Price Performance

Shares of INTA stock opened at $66.11 on Monday. The company’s fifty day simple moving average is $68.13 and its two-hundred day simple moving average is $56.96. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $77.74. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of -227.96 and a beta of 0.74.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. Equities research analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in INTA. Invesco Ltd. grew its position in shares of Intapp by 6,506.1% during the 4th quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock valued at $126,931,000 after purchasing an additional 1,950,526 shares in the last quarter. Luxor Capital Group LP purchased a new position in shares of Intapp during the 3rd quarter valued at $47,837,000. Vanguard Group Inc. grew its position in shares of Intapp by 11.8% during the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock valued at $408,139,000 after purchasing an additional 672,832 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Intapp by 408.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 720,994 shares of the company’s stock valued at $46,209,000 after purchasing an additional 579,075 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Intapp during the 4th quarter valued at $30,563,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Stifel Nicolaus lifted their target price on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. lifted their price target on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Barclays lifted their price target on shares of Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Citigroup reaffirmed a “neutral” rating and issued a $78.00 price target (down previously from $87.00) on shares of Intapp in a report on Thursday, January 16th. Finally, UBS Group lifted their price target on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.45.

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.