Intapp, Inc. (NASDAQ:INTA) COO Sells $1,052,456.40 in Stock

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 17,748 shares of Intapp stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total transaction of $1,052,456.40. Following the completion of the sale, the chief operating officer now owns 695,498 shares of the company’s stock, valued at $41,243,031.40. This trade represents a 2.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Intapp Price Performance

Shares of INTA stock traded down $0.34 during trading hours on Monday, hitting $59.92. The stock had a trading volume of 674,119 shares, compared to its average volume of 642,684. The stock’s 50 day moving average is $51.33 and its 200 day moving average is $42.36. The firm has a market capitalization of $4.64 billion, a PE ratio of -207.79 and a beta of 0.64. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $60.88.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The company had revenue of $118.81 million during 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 for the quarter was up 17.0% on a year-over-year basis. During the same period last year, the firm earned ($0.20) EPS. As a group, equities analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current year.

Hedge Funds Weigh In On Intapp

Several institutional investors have recently bought and sold shares of INTA. Sei Investments Co. grew its holdings in Intapp by 13.4% during the first quarter. Sei Investments Co. now owns 13,858 shares of the company’s stock worth $475,000 after acquiring an additional 1,638 shares during the period. ProShare Advisors LLC purchased a new position in shares of Intapp in the 1st quarter valued at about $246,000. Vanguard Group Inc. lifted its stake in shares of Intapp by 42.7% in the first quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock valued at $172,002,000 after purchasing an additional 1,501,091 shares during the period. American International Group Inc. boosted its holdings in Intapp by 42.6% during the first quarter. American International Group Inc. now owns 19,642 shares of the company’s stock worth $674,000 after buying an additional 5,864 shares in the last quarter. Finally, Shell Asset Management Co. acquired a new position in Intapp during the first quarter worth about $179,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on INTA shares. Raymond James raised their price target on Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 target price (up from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. UBS Group increased their price target on shares of Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Barclays lifted their price objective on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Finally, Bank of America reduced their target price on shares of Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Two research analysts have rated the stock with a hold rating and nine 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 a consensus price target of $53.55.

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.