Intapp, Inc. (NASDAQ:INTA) Insider Thad Jampol Sells 112,928 Shares

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 112,928 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $59.27, for a total value of $6,693,242.56. Following the completion of the sale, the insider now owns 857,250 shares in the company, valued at approximately $50,809,207.50. This represents a 11.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, March 10th, Thad Jampol sold 20,000 shares of Intapp stock. The shares were sold at an average price of $57.15, for a total value of $1,143,000.00.
• On Wednesday, January 8th, Thad Jampol sold 20,000 shares of Intapp stock. The stock was sold at an average price of $61.85, for a total transaction of $1,237,000.00.

Intapp Trading Down 6.8 %

Shares of INTA stock opened at $50.95 on Friday. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of -175.68 and a beta of 0.82. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $77.74. The stock’s fifty day simple moving average is $65.12 and its 200-day simple moving average is $60.73.

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

Wall Street Analyst Weigh In

A number of analysts have commented on INTA shares. Truist Financial boosted their price target on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. boosted their price objective on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Citigroup reaffirmed a “neutral” rating and set a $78.00 target price (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th. UBS Group boosted their price target on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, Raymond James restated a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Intapp presently has an average rating of “Moderate Buy” and a consensus price target of $66.45.

Institutional Investors Weigh In On Intapp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System increased its stake in shares of Intapp by 5.5% in the fourth quarter. California State Teachers Retirement System now owns 50,350 shares of the company’s stock worth $3,227,000 after acquiring an additional 2,624 shares during the last quarter. Menard Financial Group LLC purchased a new position in Intapp in the fourth quarter valued at about $217,000. Mackenzie Financial Corp acquired a new position in Intapp in the 4th quarter worth about $214,000. Palisades Investment Partners LLC raised its stake in shares of Intapp by 10.0% during the 4th quarter. Palisades Investment Partners LLC now owns 166,013 shares of the company’s stock worth $10,640,000 after purchasing an additional 15,123 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings 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 buying an additional 21,972 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.