Insider Selling: Intapp, Inc. (NASDAQ:INTA) CEO Sells 70,986 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 70,986 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $68.83, for a total transaction of $4,885,966.38. Following the sale, the chief executive officer now owns 5,026,096 shares of the company’s stock, valued at approximately $345,946,187.68. This represents a 1.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Intapp Stock Up 0.3 %

NASDAQ:INTA opened at $64.61 on Friday. The firm’s fifty day simple moving average is $57.95 and its 200-day simple moving average is $46.04. The stock has a market cap of $5.00 billion, a PE ratio of -222.79 and a beta of 0.74. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $71.34.

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

Institutional Investors Weigh In On Intapp

Institutional investors and hedge funds have recently modified their holdings of the company. Comerica Bank boosted its position in Intapp by 218.4% during the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after purchasing an additional 865 shares in the last quarter. Blue Trust Inc. purchased a new stake in shares of Intapp in the 2nd quarter worth about $30,000. Hennion & Walsh Asset Management Inc. grew its stake in Intapp by 13.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 15,398 shares of the company’s stock valued at $565,000 after acquiring an additional 1,787 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Intapp by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 145,205 shares of the company’s stock valued at $5,325,000 after acquiring an additional 10,789 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Intapp by 99.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,813 shares of the company’s stock worth $397,000 after acquiring an additional 5,394 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on INTA. JPMorgan Chase & Co. raised their price target on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Raymond James lifted their target price on Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Stifel Nicolaus upped their price target on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday. 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 research report on Tuesday, November 5th. Finally, Citigroup upped their price objective on shares of Intapp from $63.00 to $87.00 and gave the stock a “buy” rating in a research report on Monday. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.64.

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.