Thad Jampol Sells 20,000 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 20,000 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $57.15, for a total transaction of $1,143,000.00. Following the transaction, the insider now owns 857,250 shares of the company’s stock, valued at $48,991,837.50. This represents a 2.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Thad Jampol also recently made the following trade(s):

• On Wednesday, January 8th, Thad Jampol sold 20,000 shares of Intapp stock. The shares were sold at an average price of $61.85, for a total transaction of $1,237,000.00.

Intapp Price Performance

Shares of Intapp stock opened at $58.20 on Friday. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $77.74. The firm has a market cap of $4.62 billion, a PE ratio of -200.68 and a beta of 0.77. The company has a 50 day simple moving average of $67.33 and a two-hundred day simple moving average of $59.01.

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

Analysts Set New Price Targets

INTA has been the topic of a number of analyst reports. Stifel Nicolaus boosted their target price on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Citigroup reissued a “neutral” rating and set a $78.00 price objective (down previously from $87.00) on shares of Intapp in a report on Thursday, January 16th. Raymond James restated a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. UBS Group upped their price target on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, Piper Sandler restated an “overweight” rating and issued a $71.00 price objective (up from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.45.

Institutional Investors Weigh In On Intapp

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Intapp by 11.8% in the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock worth $408,139,000 after buying an additional 672,832 shares during the last quarter. FMR LLC grew its position in Intapp by 7.8% during the third quarter. FMR LLC now owns 5,658,957 shares of the company’s stock valued at $270,668,000 after acquiring an additional 411,434 shares during the last quarter. Bamco Inc. NY raised its stake in shares of Intapp by 1.2% during the third quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock worth $136,337,000 after acquiring an additional 34,409 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Intapp by 6,506.1% in the 4th quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock worth $126,931,000 after acquiring an additional 1,950,526 shares during the last quarter. Finally, Praesidium Investment Management Company LLC boosted its stake in shares of Intapp by 15.3% in the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock valued at $92,316,000 after purchasing an additional 256,327 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

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.