Intapp, Inc. (NASDAQ:INTA) CFO David H. Morton, Jr. Sells 3,349 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) CFO David H. Morton, Jr. sold 3,349 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $64.54, for a total value of $216,144.46. Following the transaction, the chief financial officer now directly owns 31,656 shares in the company, valued at $2,043,078.24. This trade represents a 9.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Intapp Stock Down 0.9 %

NASDAQ:INTA opened at $65.30 on Wednesday. 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 $5.18 billion, a P/E ratio of -225.16 and a beta of 0.74. The stock’s fifty day moving average is $68.07 and its two-hundred day moving average is $57.42.

Intapp (NASDAQ:INTA) last posted 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%. Sell-side analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on INTA shares. Citigroup reissued a “neutral” rating and set a $78.00 price objective (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Stifel Nicolaus boosted their price objective on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Raymond James reissued a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Barclays boosted their price objective on Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Finally, 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. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.45.

Institutional Investors Weigh In On Intapp

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Intapp by 11.8% in the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock valued at $408,139,000 after buying an additional 672,832 shares during the period. FMR LLC raised its holdings in shares of Intapp by 7.8% in the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock valued at $270,668,000 after buying an additional 411,434 shares during the period. Bamco Inc. NY raised its holdings in shares of Intapp by 1.2% in the 3rd quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock valued at $136,337,000 after buying an additional 34,409 shares during the period. Invesco Ltd. raised 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 valued at $126,931,000 after buying an additional 1,950,526 shares during the period. Finally, Praesidium Investment Management Company LLC raised its holdings 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 buying an additional 256,327 shares during the period. Hedge funds and other 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.