Insider Selling: Intapp (NASDAQ:INTA) CEO Sells 3,000 Shares of Company Stock

Intapp, Inc. (NASDAQ:INTA) CEO John Hall sold 3,000 shares of Intapp stock in a transaction on Monday, November 9th. The stock was sold at an average price of $44.12, for a total transaction of $132,360.00. Following the completion of the transaction, the chief executive officer directly owned 5,814,808 shares of the company’s stock, valued at $256,549,328.96. The trade was a 0.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intapp Stock Up 2.1%

INTA traded up $0.93 on Tuesday, hitting $45.40. The company had a trading volume of 464,000 shares, compared to its average volume of 960,174. The company has a market cap of $3.48 billion, a PE ratio of -126.11, a PEG ratio of 10.73 and a beta of 0.31. Intapp, Inc. has a 12-month low of $19.01 and a 12-month high of $48.19. The business’s fifty day simple moving average is $40.38 and its 200 day simple moving average is $30.38.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $161.26 million for the quarter, compared to the consensus estimate of $159.63 million. Intapp had a negative return on equity of 1.64% and a negative net margin of 4.71%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.24 earnings per share. On average, analysts anticipate that Intapp, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on INTA shares. Zacks Research raised shares of Intapp from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Oppenheimer reissued a “market perform” rating on shares of Intapp in a research note on Wednesday, October 28th. Truist Financial lifted their price target on shares of Intapp from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Piper Sandler lifted their price target on shares of Intapp from $25.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, Citigroup upped their price target on shares of Intapp from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, October 28th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $40.71.

Hedge Funds Weigh In On Intapp

A number of institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC raised its stake in Intapp by 4,381.2% in the third quarter. Global Retirement Partners LLC now owns 717 shares of the company’s stock worth $26,000 after buying an additional 701 shares in the last quarter. Allworth Financial LP bought a new stake in Intapp during the second quarter valued at about $33,000. Harbor Investment Advisory LLC bought a new stake in Intapp during the second quarter valued at about $36,000. GK Wealth Management LLC purchased a new position in Intapp in the third quarter valued at about $41,000. Finally, Optiver Holding B.V. grew its stake in Intapp by 2,232.1% in the first quarter. Optiver Holding B.V. now owns 1,819 shares of the company’s stock valued at $47,000 after purchasing an additional 1,741 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Intapp Company Profile

Intapp provides cloud-based software and artificial intelligence solutions for professional and financial services firms, including legal, accounting, consulting, investment banking and private capital businesses. Its products help organizations manage workflows, client relationships, risk and compliance, collaboration, and timekeeping. The company’s offerings include DealCloud, a platform for relationship management and dealmaking, as well as tools for intake, conflicts management, information barriers, and time capture.