Intapp, Inc. (NASDAQ:INTA) CMO Scott Fitzgerald Sells 5,221 Shares

Intapp, Inc. (NASDAQ:INTA) CMO Scott Fitzgerald sold 5,221 shares of Intapp stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total value of $309,605.30. Following the completion of the sale, the chief marketing officer now owns 46,552 shares in the company, valued at approximately $2,760,533.60. This represents a 10.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Intapp Stock Down 0.6 %

NASDAQ:INTA traded down $0.34 during trading hours on Monday, hitting $59.92. 674,119 shares of the stock traded hands, compared to its average volume of 642,684. The stock has a 50 day moving average price of $51.33 and a 200 day moving average price of $42.36. The company has a market cap of $4.64 billion, a price-to-earnings ratio of -207.79 and a beta of 0.64. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $60.88.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The company had revenue of $118.81 million for the quarter, compared to analysts’ expectations of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.20) EPS. Equities analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Intapp

A number of hedge funds have recently made changes to their positions in the company. J.Safra Asset Management Corp increased its stake in Intapp by 634.0% in the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after acquiring an additional 615 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Intapp by 239.1% during the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after buying an additional 581 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 527 shares during the last quarter. Blue Trust Inc. purchased a new position in Intapp during the second quarter worth $30,000. Finally, Comerica Bank increased its position in Intapp by 218.4% during the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after acquiring an additional 865 shares during the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on INTA shares. JPMorgan Chase & Co. upped their price objective on shares of Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Truist Financial restated a “buy” rating and issued a $55.00 price objective (up from $47.00) on shares of Intapp in a report on Tuesday, November 5th. Raymond James upped their target price on Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Piper Sandler restated an “overweight” rating and issued a $60.00 target price (up previously from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus lifted their price target on Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Intapp currently has an average rating of “Moderate Buy” and a consensus target price of $53.55.

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.