Donald F. Coleman Sells 5,000 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $36.49, for a total transaction of $182,450.00. Following the completion of the transaction, the chief operating officer now owns 648,411 shares in the company, valued at approximately $23,660,517.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Intapp Stock Down 0.2 %

Shares of INTA stock opened at $36.98 on Thursday. The stock has a fifty day moving average of $35.05 and a 200 day moving average of $36.79. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $45.43.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.10. The business had revenue of $110.64 million during the quarter, compared to analyst estimates of $108.18 million. Intapp had a negative return on equity of 9.08% and a negative net margin of 10.44%. Equities analysts anticipate that Intapp, Inc. will post -0.37 EPS for the current year.

Hedge Funds Weigh In On Intapp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Trexquant Investment LP purchased a new position in Intapp during the fourth quarter valued at $1,616,000. Vanguard Group Inc. increased its holdings in shares of Intapp by 10.2% during the third quarter. Vanguard Group Inc. now owns 2,809,281 shares of the company’s stock valued at $94,167,000 after acquiring an additional 260,610 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Intapp by 60.0% during the third quarter. Wellington Management Group LLP now owns 989,722 shares of the company’s stock valued at $33,175,000 after acquiring an additional 371,181 shares in the last quarter. TD Asset Management Inc increased its holdings in shares of Intapp by 498.3% during the fourth quarter. TD Asset Management Inc now owns 45,090 shares of the company’s stock valued at $1,714,000 after acquiring an additional 37,554 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Intapp by 44.8% during the third quarter. Ameriprise Financial Inc. now owns 1,363,074 shares of the company’s stock valued at $45,690,000 after acquiring an additional 422,016 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on INTA. Barclays cut their target price on shares of Intapp from $47.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Stifel Nicolaus cut their target price on shares of Intapp from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. BTIG Research cut their target price on shares of Intapp from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Oppenheimer dropped their price target on Intapp from $50.00 to $42.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. Finally, Citigroup dropped their price target on Intapp from $52.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, June 28th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Intapp has a consensus rating of “Buy” and a consensus target price of $45.88.

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.