John T. Hall Sells 61,842 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 61,842 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $59.68, for a total value of $3,690,730.56. Following the sale, the chief executive officer now owns 5,030,432 shares in the company, valued at approximately $300,216,181.76. The trade was a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Intapp Trading Up 2.3 %

NASDAQ:INTA opened at $61.32 on Wednesday. The firm has a market capitalization of $4.75 billion, a PE ratio of -211.45 and a beta of 0.64. The stock has a 50 day moving average of $51.57 and a 200-day moving average of $42.52. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $61.37.

Intapp (NASDAQ:INTA) last released 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 business had revenue of $118.81 million for the quarter, compared to analysts’ expectations of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.20) EPS. As a group, analysts predict that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

INTA has been the topic of a number of analyst reports. Truist Financial reiterated a “buy” rating and set a $55.00 price objective (up previously from $47.00) on shares of Intapp in a research note on Tuesday, November 5th. Stifel Nicolaus lifted 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, September 23rd. UBS Group boosted their price target on Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Barclays upped their target price on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Finally, Raymond James raised their price target on shares of Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.55.

Institutional Investors Weigh In On Intapp

A number of hedge funds have recently made changes to their positions in INTA. FMR LLC grew its holdings in Intapp by 7.8% in the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after buying an additional 411,434 shares in the last quarter. Vanguard Group Inc. boosted its position in Intapp by 42.7% during the 1st quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock worth $172,002,000 after acquiring an additional 1,501,091 shares during the period. Bamco Inc. NY grew its stake in shares of Intapp by 1.2% in the third quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock worth $136,337,000 after purchasing an additional 34,409 shares in the last quarter. Praesidium Investment Management Company LLC increased its holdings in shares of Intapp by 15.3% during the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock valued at $92,316,000 after purchasing an additional 256,327 shares during the period. Finally, Loomis Sayles & Co. L P raised its stake in shares of Intapp by 29.9% during the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock valued at $71,392,000 after purchasing an additional 343,275 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

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.