Intapp (NASDAQ:INTA) Stock: Insider John Hall Sells 3,000 Shares

Key Points

• Intapp CEO John Hall sold 3,000 shares for $132,360 at an average price of $44.12 under a pre-arranged Rule 10b5-1 plan. He retained 5,814,808 shares after the sale.
• Intapp’s latest quarter beat expectations: EPS was $0.44 versus a $0.40 estimate, while revenue reached $161.26 million, up 16% year over year.
• Shares traded at $45.40, while analysts’ consensus rating was Hold with a $40.71 price target.

Intapp, Inc. (NASDAQ:INTA - Get Free Report) CEO John Hall sold 3,000 shares of the company's stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $44.12, for a total transaction of $132,360.00. Following the sale, the chief executive officer directly owned 5,814,808 shares of the company's stock, valued at $256,549,328.96. The trade was a 0.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intapp Price Performance

Shares of INTA traded up $0.93 on Tuesday, reaching $45.40. The company's stock had a trading volume of 464,000 shares, compared to its average volume of 960,174. The stock's 50 day simple moving average is $40.38 and its two-hundred day simple moving average is $30.38. The stock has a market capitalization of $3.48 billion, a P/E ratio of -126.11, a PEG ratio of 10.73 and a beta of 0.31. Intapp, Inc. has a 12-month low of $19.01 and a 12-month high of $48.19.

Intapp (NASDAQ:INTA - Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The business had revenue of $161.26 million for the quarter, compared to the consensus estimate of $159.63 million. Intapp had a negative net margin of 4.71% and a negative return on equity of 1.64%. The company's quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm earned $0.24 earnings per share. Analysts expect that Intapp, Inc. will post 0.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on INTA shares. UBS Group reiterated a "mixed" rating on shares of Intapp in a research report on Wednesday, October 28th. Oppenheimer reaffirmed a "market perform" rating on shares of Intapp in a research note on Wednesday, October 28th. Piper Sandler lifted their price objective on Intapp from $25.00 to $34.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded Intapp from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Intapp in a report on Wednesday, September 2nd. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $40.71.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC raised its position in shares of Intapp by 4,381.2% during the third quarter. Global Retirement Partners LLC now owns 717 shares of the company's stock valued at $26,000 after buying an additional 701 shares during the last quarter. GK Wealth Management LLC bought a new position in shares of Intapp during the third quarter worth $41,000. Allworth Financial LP bought a new position in shares of Intapp during the second quarter worth $33,000. Harbor Investment Advisory LLC purchased a new position in Intapp during the second quarter valued at $36,000. Finally, Sterling Capital Management LLC lifted its stake in Intapp by 800.5% in the 3rd quarter. Sterling Capital Management LLC now owns 1,774 shares of the company's stock worth $64,000 after purchasing an additional 1,577 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Intapp Company Profile

Intapp provides cloud-based software and artificial intelligence solutions for professional and financial services firms, including legal, accounting, consulting, investment banking and private capital businesses. Its products help organizations manage workflows, client relationships, risk and compliance, collaboration, and timekeeping. The company's offerings include DealCloud, a platform for relationship management and dealmaking, as well as tools for intake, conflicts management, information barriers, and time capture.

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