Intapp, Inc. (NASDAQ:INTA) COO Sells $1,498,618.74 in Stock

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 30,318 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $49.43, for a total transaction of $1,498,618.74. Following the completion of the transaction, the chief operating officer now directly owns 668,239 shares in the company, valued at $33,031,053.77. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Intapp Trading Up 1.8 %

Shares of NASDAQ:INTA traded up $0.89 during midday trading on Wednesday, hitting $51.19. The stock had a trading volume of 654,595 shares, compared to its average volume of 656,206. The company has a market capitalization of $3.76 billion, a PE ratio of -83.15 and a beta of 0.65. The stock has a 50 day moving average price of $40.81 and a two-hundred day moving average price of $36.57. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $51.20.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The firm had revenue of $114.38 million for the quarter, compared to the consensus estimate of $111.58 million. Intapp had a negative net margin of 7.44% and a negative return on equity of 5.36%. The firm’s revenue was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. As a group, equities analysts expect that Intapp, Inc. will post -0.15 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on INTA. Oppenheimer reaffirmed a “market perform” rating on shares of Intapp in a research report on Monday, July 8th. Piper Sandler reiterated an “overweight” rating and set a $46.00 price target on shares of Intapp in a research note on Wednesday, August 14th. Citigroup increased their price target on shares of Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday. Barclays increased their price target on shares of Intapp from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 14th. Finally, Stifel Nicolaus increased their price target on shares of Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.00.

Hedge Funds Weigh In On Intapp

Several institutional investors and hedge funds have recently modified their holdings of the company. Clearbridge Investments LLC lifted its stake in shares of Intapp by 64.0% during the second quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock valued at $28,319,000 after buying an additional 301,238 shares during the period. Susquehanna Fundamental Investments LLC raised its stake in Intapp by 384.2% during the second quarter. Susquehanna Fundamental Investments LLC now owns 69,718 shares of the company’s stock worth $2,557,000 after purchasing an additional 55,318 shares during the period. The Manufacturers Life Insurance Company raised its stake in Intapp by 13.3% during the second quarter. The Manufacturers Life Insurance Company now owns 24,551 shares of the company’s stock worth $900,000 after purchasing an additional 2,891 shares during the period. Millennium Management LLC raised its stake in Intapp by 30.1% during the second quarter. Millennium Management LLC now owns 357,437 shares of the company’s stock worth $13,107,000 after purchasing an additional 82,761 shares during the period. Finally, Squarepoint Ops LLC raised its stake in Intapp by 18.3% during the second quarter. Squarepoint Ops LLC now owns 135,517 shares of the company’s stock worth $4,969,000 after purchasing an additional 20,972 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.