Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall Sells 8,000 Shares

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 8,000 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $57.15, for a total transaction of $457,200.00. Following the transaction, the chief executive officer now directly owns 5,236,895 shares of the company’s stock, valued at $299,288,549.25. This represents a 0.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Intapp Price Performance

NASDAQ:INTA traded up $2.05 during trading hours on Wednesday, hitting $61.05. The company had a trading volume of 490,495 shares, compared to its average volume of 709,538. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $77.74. The company has a market capitalization of $4.85 billion, a PE ratio of -210.51 and a beta of 0.77. The stock has a 50-day moving average price of $67.52 and a 200 day moving average price of $59.01.

Intapp (NASDAQ:INTA) last released its 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%. Analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Intapp

Several institutional investors and hedge funds have recently modified their holdings of the stock. Menard Financial Group LLC bought a new stake in shares of Intapp during the fourth quarter valued at approximately $217,000. Mackenzie Financial Corp purchased a new stake in shares of Intapp in the 4th quarter worth $214,000. Palisades Investment Partners LLC increased its position in Intapp by 10.0% in the fourth quarter. Palisades Investment Partners LLC now owns 166,013 shares of the company’s stock worth $10,640,000 after buying an additional 15,123 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Intapp by 14.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 177,000 shares of the company’s stock valued at $11,344,000 after acquiring an additional 21,972 shares during the period. Finally, Voloridge Investment Management LLC increased its holdings in Intapp by 84.5% in the 4th quarter. Voloridge Investment Management LLC now owns 338,994 shares of the company’s stock worth $21,726,000 after acquiring an additional 155,286 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Truist Financial boosted their price objective on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Raymond James reiterated a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. UBS Group raised their price objective on shares of Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Stifel Nicolaus upped their target price on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. raised their price target on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.45.

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.