Insider Selling: Intapp, Inc. (NASDAQ:INTA) COO Sells 5,629 Shares of Stock

Intapp, Inc. (NASDAQ:INTA - Get Free Report) COO Donald F. Coleman sold 5,629 shares of Intapp stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $57.07, for a total value of $321,247.03. Following the completion of the sale, the chief operating officer now directly owns 437,885 shares of the company's stock, valued at approximately $24,990,096.95. The trade was a 1.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Intapp Trading Down 0.1%

Shares of Intapp stock traded down $0.04 during trading hours on Wednesday, reaching $55.04. The stock had a trading volume of 347,704 shares, compared to its average volume of 636,123. The firm has a market capitalization of $4.46 billion, a PE ratio of -189.79 and a beta of 0.84. The stock's 50 day moving average is $55.48 and its 200 day moving average is $61.92. Intapp, Inc. has a twelve month low of $31.08 and a twelve month high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $129.07 million for the quarter, compared to analyst estimates of $128.84 million. During the same period in the previous year, the company posted $0.14 earnings per share. The business's revenue was up 16.7% on a year-over-year basis. As a group, sell-side analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Intapp by 4.5% in the first quarter. Vanguard Group Inc. now owns 6,652,139 shares of the company's stock valued at $388,352,000 after purchasing an additional 283,923 shares during the last quarter. Invesco Ltd. grew its position in shares of Intapp by 6.1% in the 1st quarter. Invesco Ltd. now owns 2,100,618 shares of the company's stock valued at $122,634,000 after buying an additional 120,112 shares during the last quarter. Alliancebernstein L.P. raised its stake in Intapp by 7.7% during the 1st quarter. Alliancebernstein L.P. now owns 1,782,521 shares of the company's stock worth $104,064,000 after acquiring an additional 127,655 shares in the last quarter. Capital World Investors lifted its position in Intapp by 30.3% in the fourth quarter. Capital World Investors now owns 1,701,939 shares of the company's stock valued at $109,077,000 after acquiring an additional 395,804 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in Intapp by 0.9% in the first quarter. Jennison Associates LLC now owns 1,550,010 shares of the company's stock valued at $90,490,000 after acquiring an additional 13,577 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on INTA. Piper Sandler reduced their price target on Intapp from $71.00 to $70.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. UBS Group decreased their target price on shares of Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Barclays lowered their price target on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a 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 note on Tuesday, April 29th. Finally, Truist Financial dropped their target price on shares of Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Intapp has a consensus rating of "Moderate Buy" and a consensus price target 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.