Kalyani Tandon Sells 2,127 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) CAO Kalyani Tandon sold 2,127 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $35.15, for a total transaction of $74,764.05. Following the transaction, the chief accounting officer now directly owns 21,060 shares of the company’s stock, valued at approximately $740,259. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Kalyani Tandon also recently made the following trade(s):

• On Wednesday, August 23rd, Kalyani Tandon sold 1,183 shares of Intapp stock. The stock was sold at an average price of $34.80, for a total value of $41,168.40.
• On Monday, August 21st, Kalyani Tandon sold 406 shares of Intapp stock. The shares were sold at an average price of $34.89, for a total value of $14,165.34.

Intapp Price Performance

Shares of Intapp stock traded up $0.07 during midday trading on Monday, hitting $35.45. 420,385 shares of the company were exchanged, compared to its average volume of 394,248. The firm has a 50 day simple moving average of $37.01 and a 200-day simple moving average of $40.59. Intapp, Inc. has a 52 week low of $16.02 and a 52 week high of $50.46.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Wednesday, September 6th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. Intapp had a negative return on equity of 19.62% and a negative net margin of 19.79%. The company had revenue of $94.62 million during the quarter, compared to analysts’ expectations of $93.14 million. During the same period last year, the business earned ($0.29) earnings per share. The business’s revenue was up 25.3% on a year-over-year basis. On average, sell-side analysts forecast that Intapp, Inc. will post -0.74 EPS for the current fiscal year.

Institutional Trading of Intapp

Hedge funds have recently modified their holdings of the company. Praesidium Investment Management Company LLC boosted its holdings in shares of Intapp by 824.1% in the 2nd quarter. Praesidium Investment Management Company LLC now owns 1,421,990 shares of the company’s stock worth $59,596,000 after acquiring an additional 1,268,106 shares in the last quarter. Federated Hermes Inc. bought a new stake in shares of Intapp during the first quarter worth $22,484,000. Vanguard Group Inc. increased its stake in shares of Intapp by 49.1% in the first quarter. Vanguard Group Inc. now owns 1,403,517 shares of the company’s stock valued at $33,698,000 after buying an additional 462,248 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Intapp by 23.2% in the second quarter. BlackRock Inc. now owns 1,469,358 shares of the company’s stock valued at $61,581,000 after buying an additional 276,813 shares during the last quarter. Finally, United Capital Financial Advisers LLC acquired a new position in Intapp during the 1st quarter worth about $6,428,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Barclays initiated coverage on Intapp in a research report on Wednesday, September 6th. They issued an “overweight” rating and a $43.00 price objective for the company. Oppenheimer dropped their price objective on shares of Intapp from $54.00 to $48.00 and set an “outperform” rating on the stock in a report on Thursday, September 7th. Piper Sandler reduced their target price on shares of Intapp from $49.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, September 8th. Finally, BTIG Research initiated coverage on Intapp in a research note on Monday, July 10th. They set a “buy” rating and a $55.00 price target on the stock. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, Intapp has an average rating of “Buy” and an average target price of $43.50.

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. The company's 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; and OnePlace, a solution to manage various aspects of professional services firms' client and engagement lifecycle.