John T. Hall Sells 31,200 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA - Get Free Report) CEO John T. Hall sold 31,200 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $55.01, for a total transaction of $1,716,312.00. Following the transaction, the chief executive officer now owns 5,445,335 shares in the company, valued at $299,547,878.35. This trade represents a 0.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Intapp Price Performance

NASDAQ INTA traded up $0.48 during trading on Friday, reaching $54.92. 484,612 shares of the company's stock traded hands, compared to its average volume of 633,821. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of -189.37 and a beta of 0.84. The company's 50 day simple moving average is $55.04 and its two-hundred day simple moving average is $61.80. Intapp, Inc. has a 12-month low of $31.08 and a 12-month high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last posted its earnings results 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 business had revenue of $129.07 million for the quarter, compared to the consensus estimate of $128.84 million. During the same quarter last year, the firm posted $0.14 EPS. The company's revenue for the quarter was up 16.7% on a year-over-year basis. Research analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. UBS Group cut their price target 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. Wall Street Zen upgraded shares of Intapp from a "buy" rating to a "strong-buy" rating in a report on Friday. Piper Sandler cut their price target on shares of Intapp from $71.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Truist Financial dropped their target price on shares of Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Stifel Nicolaus cut their target price on shares of Intapp from $75.00 to $65.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. 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 company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.89.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC purchased a new position in shares of Intapp in the 4th quarter worth approximately $25,000. Farther Finance Advisors LLC grew its position in 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 purchasing an additional 224 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Intapp during the 4th quarter worth approximately $32,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Intapp during the 1st quarter worth approximately $36,000. Finally, Quarry LP grew its position in Intapp by 1,155.4% during the 1st quarter. Quarry LP now owns 703 shares of the company's stock worth $41,000 after purchasing an additional 647 shares during the last quarter. 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.