Intapp, Inc. (NASDAQ:INTA) COO Sells $1,940,240.94 in Stock

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 35,778 shares of Intapp stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $54.23, for a total transaction of $1,940,240.94. Following the completion of the transaction, the chief operating officer now owns 668,239 shares of the company’s stock, valued at $36,238,600.97. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Intapp Trading Down 0.4 %

Shares of INTA opened at $59.39 on Friday. The company’s 50 day simple moving average is $48.56 and its 200-day simple moving average is $40.46. The firm has a market cap of $4.57 billion, a PE ratio of -204.79 and a beta of 0.64. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $59.92.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.15%. The company had revenue of $118.81 million for the quarter, compared to the consensus estimate of $117.88 million. During the same period last year, the firm posted ($0.20) EPS. Intapp’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, equities research analysts forecast that Intapp, Inc. will post -0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Intapp

Several institutional investors have recently added to or reduced their stakes in the stock. Bamco Inc. NY purchased a new position in shares of Intapp in the 1st quarter valued at approximately $88,605,000. Vanguard Group Inc. lifted its holdings in shares of Intapp by 42.7% during the first quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock worth $172,002,000 after purchasing an additional 1,501,091 shares during the period. Clearbridge Investments LLC purchased a new position in Intapp in the 1st quarter valued at $16,156,000. F M Investments LLC acquired a new position in Intapp in the 2nd quarter valued at $7,006,000. Finally, Jane Street Group LLC raised its position in Intapp by 766.2% during the 1st quarter. Jane Street Group LLC now owns 166,456 shares of the company’s stock worth $5,709,000 after buying an additional 147,240 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on INTA. JPMorgan Chase & Co. lifted their price objective on shares of Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Bank of America decreased their price target on Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. UBS Group increased their price objective on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Barclays increased their price target on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Finally, Piper Sandler restated an “overweight” rating and set a $60.00 price objective (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $53.55.

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.