Intapp, Inc. (NASDAQ:INTA) CFO David H. Morton, Jr. Sells 10,000 Shares

Intapp, Inc. (NASDAQ:INTA - Get Free Report) CFO David H. Morton, Jr. sold 10,000 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $55.02, for a total value of $550,200.00. Following the completion of the sale, the chief financial officer now directly owns 32,739 shares of the company's stock, valued at approximately $1,801,299.78. This trade represents a 23.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Intapp Trading Up 1.1%

NASDAQ INTA traded up $0.58 during trading on Monday, hitting $55.70. 426,511 shares of the company traded hands, compared to its average volume of 633,102. Intapp, Inc. has a 12 month low of $31.08 and a 12 month high of $77.74. The business has a fifty day simple moving average of $55.04 and a 200 day simple moving average of $61.87. The company has a market capitalization of $4.51 billion, a P/E ratio of -192.06 and a beta of 0.84.

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

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Citigroup reiterated a "neutral" rating on shares of Intapp in a report on Monday, April 21st. Piper Sandler cut their price objective on Intapp from $71.00 to $70.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Barclays cut their price objective on Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. UBS Group cut their price objective on Intapp from $92.00 to $83.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Finally, Wall Street Zen upgraded Intapp from a "buy" rating to a "strong-buy" rating in a report on Friday. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $66.89.

Hedge Funds Weigh In On Intapp

Several institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers raised its holdings in Intapp by 7.2% during the first quarter. Rhumbline Advisers now owns 78,398 shares of the company's stock valued at $4,577,000 after buying an additional 5,257 shares in the last quarter. Strs Ohio bought a new position in Intapp during the first quarter valued at about $1,016,000. Intech Investment Management LLC grew its position in shares of Intapp by 89.1% in the first quarter. Intech Investment Management LLC now owns 32,017 shares of the company's stock valued at $1,869,000 after purchasing an additional 15,087 shares during the last quarter. Woodline Partners LP grew its position in shares of Intapp by 233.2% in the first quarter. Woodline Partners LP now owns 143,034 shares of the company's stock valued at $8,350,000 after purchasing an additional 100,103 shares during the last quarter. Finally, Caxton Associates LLP acquired a new stake in shares of Intapp in the first quarter valued at about $327,000. 89.96% of the stock is currently owned by institutional investors.

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.