Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman Sells 5,629 Shares

Intapp, Inc. (NASDAQ:INTA - Get Free Report) COO Donald F. Coleman sold 5,629 shares of the firm's 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 directly owns 437,885 shares in the company, valued at $24,990,096.95. The trade was a 1.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Intapp Stock Up 0.6%

Shares of NASDAQ:INTA traded up $0.32 during midday trading on Tuesday, reaching $54.90. The company's stock had a trading volume of 16,226 shares, compared to its average volume of 634,959. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of -188.56 and a beta of 0.84. Intapp, Inc. has a 1 year low of $31.08 and a 1 year high of $77.74. The business has a 50 day moving average price of $55.59 and a 200 day moving average price of $61.97.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $129.07 million during the quarter, compared to analyst estimates of $128.84 million. Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. Intapp's revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 earnings per share. Sell-side analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on INTA. Stifel Nicolaus decreased their price target on Intapp from $75.00 to $65.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Citigroup reaffirmed a "neutral" rating on shares of Intapp in a research note on Monday, April 21st. UBS Group cut their price objective on shares of Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Piper Sandler cut their price target on Intapp from $71.00 to $70.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Finally, 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 research note on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Intapp presently has an average rating of "Moderate Buy" and a consensus target price of $66.89.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Intapp by 4.5% during the first quarter. Vanguard Group Inc. now owns 6,652,139 shares of the company's stock worth $388,352,000 after purchasing an additional 283,923 shares in the last quarter. Invesco Ltd. boosted its position in shares of Intapp by 6.1% during the 1st quarter. Invesco Ltd. now owns 2,100,618 shares of the company's stock valued at $122,634,000 after acquiring an additional 120,112 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Intapp by 7.7% during the first quarter. Alliancebernstein L.P. now owns 1,782,521 shares of the company's stock worth $104,064,000 after purchasing an additional 127,655 shares in the last quarter. Capital World Investors raised its stake in Intapp by 30.3% during the 4th quarter. Capital World Investors now owns 1,701,939 shares of the company's stock worth $109,077,000 after acquiring an additional 395,804 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Intapp by 0.9% during the first quarter. Jennison Associates LLC now owns 1,550,010 shares of the company's stock worth $90,490,000 after acquiring an additional 13,577 shares during the period. Hedge funds and other institutional investors own 89.96% of the company's stock.

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.