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

Intapp, Inc. (NASDAQ:INTA - Get Free Report) CEO John T. Hall sold 31,200 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $55.01, for a total transaction of $1,716,312.00. Following the sale, the chief executive officer now owns 5,445,335 shares in the company, valued at approximately $299,547,878.35. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Intapp Stock Up 1.1%

NASDAQ:INTA traded up $0.58 during trading hours on Monday, reaching $55.70. 426,511 shares of the company's stock were exchanged, compared to its average volume of 633,102. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of -192.06 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 company has a 50-day moving average of $55.04 and a 200 day moving average of $61.87.

Intapp (NASDAQ:INTA - Get Free Report) last posted 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. The company had revenue of $129.07 million for 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 quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 earnings per share. Research analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC acquired a new stake in shares of Intapp in the 4th quarter worth $25,000. Farther Finance Advisors LLC lifted its stake in shares of Intapp by 74.2% in 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. SBI Securities Co. Ltd. acquired a new stake in shares of Intapp in the 4th quarter worth $32,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Intapp in the 1st quarter worth $36,000. Finally, Quarry LP lifted its stake in shares of Intapp by 1,155.4% in the 1st quarter. Quarry LP now owns 703 shares of the company's stock worth $41,000 after acquiring an additional 647 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on INTA shares. Piper Sandler dropped their price objective on shares of Intapp from $71.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Stifel Nicolaus dropped their price objective 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. Barclays dropped their price objective on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. UBS Group dropped their price objective on shares of Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a research 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 report on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $66.89.

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.