Donald F. Coleman Sells 17,748 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 17,748 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total value of $1,052,456.40. Following the sale, the chief operating officer now owns 695,498 shares of the company’s stock, valued at $41,243,031.40. This trade represents a 2.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Intapp Trading Up 2.3 %

Shares of NASDAQ:INTA opened at $61.32 on Wednesday. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of -211.45 and a beta of 0.64. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $61.37. The business has a fifty day simple moving average of $51.57 and a 200 day simple moving average of $42.52.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The business had revenue of $118.81 million during the quarter, compared to analyst estimates of $117.88 million. During the same period in the previous year, the company earned ($0.20) EPS. The firm’s revenue was up 17.0% on a year-over-year basis. On average, sell-side analysts forecast that Intapp, Inc. will post -0.14 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of INTA. Vanguard Group Inc. boosted its holdings in Intapp by 42.7% in 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 in the last quarter. Jane Street Group LLC lifted its position in shares of Intapp by 766.2% in the first 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. Farther Finance Advisors LLC boosted its stake in shares of Intapp by 1,054.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after acquiring an additional 527 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in shares of Intapp by 29.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock valued at $71,392,000 after acquiring an additional 343,275 shares during the last quarter. Finally, George Kaiser Family Foundation raised its stake in shares of Intapp by 14.5% in the 3rd quarter. George Kaiser Family Foundation now owns 119,097 shares of the company’s stock valued at $5,696,000 after acquiring an additional 15,127 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Barclays upped their target price on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. upped their price objective on shares of Intapp from $52.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Truist Financial reissued a “buy” rating and issued a $55.00 target price (up from $47.00) on shares of Intapp in a research report on Tuesday, November 5th. UBS Group upped their price target on shares of Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Citigroup lifted their price objective on shares of Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently 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.