Intapp, Inc. (NASDAQ:INTA - Get Free Report) COO Donald F. Coleman sold 5,629 shares of the 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 sale, the chief operating officer now owns 437,885 shares in the company, valued at approximately $24,990,096.95. This represents a 1.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Intapp Trading Up 0.9%
Shares of NASDAQ:INTA traded up $0.50 on Tuesday, reaching $55.08. 812,613 shares of the company traded hands, compared to its average volume of 637,959. The business's 50-day simple moving average is $55.48 and its 200 day simple moving average is $61.92. Intapp, Inc. has a 52 week low of $31.08 and a 52 week high of $77.74. The stock has a market capitalization of $4.46 billion, a P/E ratio of -189.92 and a beta of 0.84.
Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $128.84 million. During the same period last year, the firm earned $0.14 earnings per share. The company's revenue for the quarter was up 16.7% compared to the same quarter last year. Sell-side analysts expect that Intapp, Inc. will post -0.14 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. Citigroup reiterated a "neutral" rating on shares of Intapp in a research report on Monday, April 21st. Piper Sandler lowered their price objective on Intapp from $71.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Truist Financial lowered their price objective on Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. UBS Group reduced their target price on Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Barclays reduced their target price on Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Intapp has an average rating of "Moderate Buy" and an average price target of $66.89.
Get Our Latest Report on INTA
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of INTA. Invesco Ltd. grew its stake in shares of Intapp by 6,506.1% during the fourth quarter. Invesco Ltd. now owns 1,980,506 shares of the company's stock valued at $126,931,000 after buying an additional 1,950,526 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Intapp by 11.8% during the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company's stock valued at $408,139,000 after buying an additional 672,832 shares during the last quarter. Nuveen LLC bought a new position in shares of Intapp during the first quarter valued at about $35,117,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Intapp by 408.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 720,994 shares of the company's stock valued at $46,209,000 after buying an additional 579,075 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in shares of Intapp in the fourth quarter worth about $30,563,000. 89.96% of the stock is owned by institutional investors.
About Intapp
(
Get Free Report)
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.
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