Intapp, Inc. (NASDAQ:INTA) Insider Sells $785,267.75 in Stock

Intapp, Inc. (NASDAQ:INTA - Get Free Report) insider David Benjamin Harrison sold 14,275 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $55.01, for a total value of $785,267.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Intapp Trading Up 1.1%

NASDAQ INTA traded up $0.58 on Monday, hitting $55.70. 426,511 shares of the stock traded hands, compared to its average volume of 633,102. The stock has a 50-day moving average of $55.04 and a 200 day moving average of $61.87. Intapp, Inc. has a twelve month low of $31.08 and a twelve month high of $77.74. 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 announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.26 earnings per share (EPS) 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 firm had revenue of $129.07 million for the quarter, compared to analysts' expectations of $128.84 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Intapp's revenue for the quarter was up 16.7% compared to the same quarter last year. As a group, equities research analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays decreased their target price on Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Stifel Nicolaus decreased their target price on Intapp from $75.00 to $65.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. UBS Group decreased their target price on Intapp from $92.00 to $83.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Piper Sandler cut their price target on Intapp from $71.00 to $70.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Finally, Truist Financial cut their price target on Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $66.89.

Institutional Trading of Intapp

Several institutional investors and hedge funds have recently bought and sold shares of INTA. Barclays PLC raised its stake in Intapp by 90.1% during the third quarter. Barclays PLC now owns 106,781 shares of the company's stock valued at $5,108,000 after buying an additional 50,607 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Intapp during the 4th quarter worth approximately $378,000. Blue Trust Inc. raised its position in shares of Intapp by 36.0% during the 4th quarter. Blue Trust Inc. now owns 2,908 shares of the company's stock worth $186,000 after purchasing an additional 769 shares during the period. KBC Group NV raised its position in shares of Intapp by 92.4% during the 4th quarter. KBC Group NV now owns 2,641 shares of the company's stock worth $169,000 after purchasing an additional 1,268 shares during the period. Finally, Yorktown Management & Research Co Inc acquired a new stake in shares of Intapp during the 4th quarter worth approximately $532,000. Institutional investors and hedge funds own 89.96% of the company's stock.

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.