Insider Selling: Intapp, Inc. (NASDAQ:INTA) Insider Sells $62,600.00 in Stock

by · The Cerbat Gem

Intapp, Inc. (NASDAQ:INTA – Get Free Report) insider Michele Murgel sold 1,252 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $62,600.00. Following the transaction, the insider now directly owns 152,702 shares in the company, valued at approximately $7,635,100. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Intapp Price Performance

Shares of Intapp stock opened at $47.54 on Friday. The business’s fifty day moving average price is $41.60 and its two-hundred day moving average price is $36.85. The company has a market capitalization of $3.49 billion, a P/E ratio of -77.93 and a beta of 0.65. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $51.80.

Intapp (NASDAQ:INTA – Get Free Report) last announced its earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share 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 return on equity of 5.36% and a negative net margin of 7.44%. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.14) EPS. On average, research analysts expect that Intapp, Inc. will post -0.15 earnings per share for the current fiscal year.

Institutional Trading of Intapp

Hedge funds have recently added to or reduced their stakes in the business. J.Safra Asset Management Corp increased 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. increased its position in shares of Intapp by 239.1% during the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after purchasing an additional 581 shares during the period. Blue Trust Inc. acquired a new position in shares of Intapp during the 2nd quarter valued at $30,000. Comerica Bank increased its position in shares of Intapp by 218.4% during the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after purchasing an additional 865 shares during the period. Finally, Assetmark Inc. increased its position in shares of Intapp by 164.6% during the 4th quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock valued at $50,000 after purchasing an additional 815 shares during the period. Institutional investors own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on INTA. UBS Group increased their target price on Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Bank of America reduced their target price on Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Barclays increased their target price on Intapp from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, August 14th. Oppenheimer reissued a “market perform” rating on shares of Intapp in a report on Monday, July 8th. Finally, Citigroup raised their price target on Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $50.00.

Read Our Latest Stock Analysis on Intapp

About Intapp

(Get Free Report)

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.

Further Reading