Insider Selling: Intapp, Inc. (NASDAQ:INTA) Director Sells $237,200.00 in Stock

Intapp, Inc. (NASDAQ:INTA) Director Ralph Baxter sold 5,000 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $47.44, for a total transaction of $237,200.00. Following the transaction, the director now owns 5,624 shares in the company, valued at approximately $266,802.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Intapp Price Performance

Shares of INTA stock opened at $47.59 on Monday. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of -78.02 and a beta of 0.65. Intapp, Inc. has a one year low of $30.36 and a one year high of $51.80. The company’s fifty day moving average price is $43.79 and its 200-day moving average price is $37.78.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.15 EPS for the quarter, beating the consensus estimate 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 company’s revenue was up 20.9% on a year-over-year basis. During the same period last year, the firm earned ($0.14) EPS. Equities research analysts expect that Intapp, Inc. will post -0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on INTA shares. Citigroup increased their price objective on shares of Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Barclays reiterated an “equal weight” rating and issued a $44.00 price target on shares of Intapp in a research report on Monday, October 7th. Piper Sandler reiterated an “overweight” rating and issued a $46.00 price target on shares of Intapp in a research report on Wednesday, August 14th. 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 report on Monday, September 23rd. Finally, 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. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Intapp has a consensus rating of “Moderate Buy” and a consensus price target of $50.00.

Institutional Trading of Intapp

Institutional investors and hedge funds have recently modified their holdings of the company. J.Safra Asset Management Corp raised its position in shares of Intapp by 634.0% during the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after purchasing an additional 615 shares during the period. Advisors Asset Management Inc. grew its stake in Intapp by 239.1% during the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after acquiring an additional 581 shares in the last quarter. Blue Trust Inc. purchased a new position in Intapp during the second quarter valued at $30,000. Comerica Bank grew its stake 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 in the last quarter. Finally, Covestor Ltd grew its stake in Intapp by 52.0% during the first quarter. Covestor Ltd now owns 2,395 shares of the company’s stock valued at $82,000 after acquiring an additional 819 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

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.