Intapp (NASDAQ:INTA) Shares Down 7.2% After Insider Selling

Shares of Intapp, Inc. (NASDAQ:INTA - Get Free Report) fell 7.2% during mid-day trading on Wednesday after an insider sold shares in the company. The company traded as low as $53.34 and last traded at $53.07. 173,202 shares were traded during mid-day trading, a decline of 74% from the average session volume of 656,439 shares. The stock had previously closed at $57.19.

Specifically, insider Thad Jampol sold 5,000 shares of Intapp stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $56.65, for a total value of $283,250.00. Following the sale, the insider now directly owns 857,250 shares in the company, valued at $48,563,212.50. The trade was a 0.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Analyst Ratings Changes

Several research firms recently commented on INTA. Truist Financial dropped their target price on Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Citigroup reiterated a "neutral" rating on shares of Intapp in a research report on Monday, April 21st. Stifel Nicolaus cut their price objective on shares of Intapp from $75.00 to $65.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Barclays dropped their price objective 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. Finally, Piper Sandler decreased their price target on shares of Intapp from $71.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $66.89.

Intapp Price Performance

The firm has a market capitalization of $4.28 billion, a PE ratio of -185.72 and a beta of 0.84. The firm's fifty day moving average is $56.39 and its two-hundred day moving average is $61.52.

Intapp (NASDAQ:INTA - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.04. Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. The company had revenue of $129.07 million during the quarter, compared to analyst estimates of $128.84 million. During the same period last year, the business earned $0.14 earnings per share. Intapp's revenue was up 16.7% compared to the same quarter last year. As a group, equities research analysts predict that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Institutional Trading of Intapp

A number of institutional investors have recently modified their holdings of INTA. Victory Capital Management Inc. lifted its holdings in Intapp by 2.0% in the 4th quarter. Victory Capital Management Inc. now owns 8,652 shares of the company's stock worth $555,000 after buying an additional 171 shares during the period. CWM LLC boosted its stake in shares of Intapp by 27.0% during the 1st quarter. CWM LLC now owns 1,003 shares of the company's stock valued at $59,000 after purchasing an additional 213 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Intapp by 74.2% during the 1st quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock worth $31,000 after acquiring an additional 224 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Intapp by 8.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company's stock worth $190,000 after purchasing an additional 239 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in Intapp during the 4th quarter valued at about $25,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

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.