Intapp, Inc. (NASDAQ:INTA) CEO Sells $442,240.00 in Stock

Intapp, Inc. (NASDAQ:INTA - Get Free Report) CEO John T. Hall sold 8,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $55.28, for a total value of $442,240.00. Following the completion of the sale, the chief executive officer now directly owns 5,445,335 shares in the company, valued at approximately $301,018,118.80. This represents a 0.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Intapp Stock Performance

NASDAQ INTA traded up $0.58 during trading on Monday, reaching $55.70. 426,511 shares of the company traded hands, compared to its average volume of 633,102. The stock's 50 day moving average price is $55.04 and its two-hundred day moving average price is $61.87. The company has a market cap of $4.51 billion, a price-to-earnings ratio of -192.06 and a beta of 0.84. Intapp, Inc. has a 1-year low of $31.08 and a 1-year high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.04. The company had revenue of $129.07 million for the quarter, compared to the consensus estimate of $128.84 million. Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. The company's quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 earnings per share. Equities research analysts expect that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Intapp

Institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC acquired a new stake in Intapp during the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. acquired a new stake in Intapp during the fourth quarter valued at approximately $32,000. Farther Finance Advisors LLC boosted its holdings in Intapp by 74.2% during the first quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock valued at $31,000 after purchasing an additional 224 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Intapp in the first quarter valued at approximately $36,000. Finally, Quarry LP raised its stake in shares of Intapp by 1,155.4% in the first quarter. Quarry LP now owns 703 shares of the company's stock valued at $41,000 after acquiring an additional 647 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Barclays lowered their price target on Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Truist Financial decreased their target price on Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Piper Sandler decreased their target price on Intapp from $71.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Stifel Nicolaus decreased their target price on Intapp from $75.00 to $65.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Finally, Citigroup reissued a "neutral" rating on shares of Intapp in a research report on Monday, April 21st. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.89.

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.