Intapp, Inc. (NASDAQ:INTA) CFO Sells $550,200.00 in Stock

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

Intapp Price Performance

INTA stock traded up $0.48 during midday trading on Friday, hitting $54.92. The stock had a trading volume of 484,612 shares, compared to its average volume of 633,671. The business has a 50-day moving average of $55.04 and a two-hundred day moving average of $61.83. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of -189.37 and a beta of 0.84. Intapp, Inc. has a 52-week low of $31.08 and a 52-week high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly 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. The company had revenue of $129.07 million during the quarter, compared to the consensus estimate of $128.84 million. Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. The firm's quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. Research analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current year.

Institutional Trading of Intapp

Several hedge funds have recently bought and sold shares of the stock. Invesco Ltd. lifted its holdings in Intapp by 6,506.1% in the 4th quarter. Invesco Ltd. now owns 1,980,506 shares of the company's stock worth $126,931,000 after purchasing an additional 1,950,526 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Intapp by 11.8% in the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company's stock valued at $408,139,000 after acquiring an additional 672,832 shares during the last quarter. Nuveen LLC purchased a new position in shares of Intapp in the 1st quarter worth approximately $35,117,000. Arrowstreet Capital Limited Partnership boosted its stake in Intapp by 408.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 720,994 shares of the company's stock worth $46,209,000 after buying an additional 579,075 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new stake in Intapp in the 4th quarter worth about $30,563,000. Institutional investors own 89.96% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on INTA shares. Citigroup reiterated a "neutral" rating on shares of Intapp in a research report on Monday, April 21st. Barclays cut their price target on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus reduced their price objective on shares of Intapp from $75.00 to $65.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Truist Financial dropped their price objective on shares of Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Wall Street Zen upgraded Intapp from a "buy" rating to a "strong-buy" rating in a report on Friday. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $66.89.

About Intapp

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.