Michele Murgel Sells 4,632 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) insider Michele Murgel sold 4,632 shares of the company’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 $298,949.28. Following the completion of the sale, the insider now owns 213,794 shares of the company’s stock, valued at $13,798,264.76. This represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Michele Murgel also recently made the following trade(s):

• On Thursday, February 20th, Michele Murgel sold 7,531 shares of Intapp stock. The shares were sold at an average price of $68.83, for a total value of $518,358.73.

Intapp Stock Up 1.2 %

Shares of INTA opened at $66.10 on Thursday. The company has a 50 day moving average of $68.10 and a two-hundred day moving average of $57.48. The company has a market cap of $5.25 billion, a price-to-earnings ratio of -227.92 and a beta of 0.74. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $77.74.

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

Analysts Set New Price Targets

Several brokerages have issued reports on INTA. UBS Group increased their target price on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Stifel Nicolaus upped their price target 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. Barclays lifted their price objective on shares of Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Raymond James restated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. lifted their price target on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.45.

Institutional Investors Weigh In On Intapp

A number of large investors have recently modified their holdings of the business. Mackenzie Financial Corp purchased a new position in shares of Intapp in the 4th quarter valued at approximately $214,000. Palisades Investment Partners LLC increased its stake in Intapp by 10.0% during the 4th quarter. Palisades Investment Partners LLC now owns 166,013 shares of the company’s stock valued at $10,640,000 after purchasing an additional 15,123 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in 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 purchasing an additional 21,972 shares in the last quarter. Voloridge Investment Management LLC raised its holdings in shares of Intapp by 84.5% in the fourth quarter. Voloridge Investment Management LLC now owns 338,994 shares of the company’s stock worth $21,726,000 after buying an additional 155,286 shares during the last quarter. Finally, Vident Advisory LLC lifted its stake in shares of Intapp by 34.3% during the fourth quarter. Vident Advisory LLC now owns 7,643 shares of the company’s stock worth $490,000 after buying an additional 1,950 shares during the period. 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.