Insider Selling: Intapp, Inc. (NASDAQ:INTA) Insider Sells 20,000 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 20,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $35.26, for a total value of $705,200.00. Following the completion of the sale, the insider now owns 727,759 shares of the company’s stock, valued at $25,660,782.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Thad Jampol also recently made the following trade(s):

• On Monday, April 8th, Thad Jampol sold 10,000 shares of Intapp stock. The stock was sold at an average price of $31.87, for a total value of $318,700.00.

Intapp Stock Performance

Intapp stock traded up $0.80 during midday trading on Thursday, reaching $36.95. 1,281,734 shares of the stock were exchanged, compared to its average volume of 622,005. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $50.46. The firm has a market cap of $2.70 billion, a PE ratio of -46.19 and a beta of 0.56. The company’s fifty day moving average is $33.24 and its 200-day moving average is $37.13.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, February 6th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.05. The firm had revenue of $103.93 million for the quarter, compared to analysts’ expectations of $103.17 million. Intapp had a negative net margin of 13.81% and a negative return on equity of 12.98%. On average, sell-side analysts anticipate that Intapp, Inc. will post -0.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on INTA shares. BTIG Research reduced their price objective on shares of Intapp from $55.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday. Oppenheimer dropped their target price on shares of Intapp from $50.00 to $42.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Piper Sandler reaffirmed an “overweight” rating and issued a $52.00 target price on shares of Intapp in a report on Monday, February 26th. Barclays cut their price objective on Intapp from $47.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. Finally, Truist Financial raised their target price on Intapp from $46.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Intapp presently has a consensus rating of “Buy” and an average target price of $47.22.

Institutional Trading of Intapp

Institutional investors and hedge funds have recently modified their holdings of the business. Assetmark Inc. increased its position in shares of Intapp by 164.6% in the fourth quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock worth $50,000 after purchasing an additional 815 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of Intapp in the 3rd quarter worth $52,000. Allspring Global Investments Holdings LLC raised its position in shares of Intapp by 152.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,998 shares of the company’s stock valued at $67,000 after buying an additional 1,205 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Intapp by 81,400.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,445 shares of the company’s stock worth $82,000 after acquiring an additional 2,442 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in Intapp in the first quarter worth $86,000. Hedge funds and other institutional investors 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.