David Benjamin Harrison Sells 22,373 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) insider David Benjamin Harrison sold 22,373 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $68.87, for a total transaction of $1,540,828.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Intapp Stock Down 3.7 %

INTA traded down $2.56 during midday trading on Tuesday, reaching $65.80. The company had a trading volume of 898,890 shares, compared to its average volume of 638,471. The company has a market cap of $5.09 billion, a P/E ratio of -235.72 and a beta of 0.74. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $71.34. The business has a 50-day moving average of $56.84 and a two-hundred day moving average of $45.57.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.13 by $0.08. The company had revenue of $118.81 million for the quarter, compared to the consensus estimate of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.20) EPS. On average, equities research analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Barclays increased their price objective on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Truist Financial boosted their target price on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research note on Friday. JPMorgan Chase & Co. lifted their price target on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 price target (up previously from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Finally, Raymond James raised their target price on shares of Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.27.

Hedge Funds Weigh In On Intapp

A number of large investors have recently added to or reduced their stakes in INTA. Luxor Capital Group LP bought a new position in shares of Intapp during the 3rd quarter worth approximately $47,837,000. FMR LLC boosted its position in shares of Intapp by 7.8% in the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after purchasing an additional 411,434 shares in the last quarter. Loomis Sayles & Co. L P grew its stake in Intapp by 29.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after buying an additional 343,275 shares during the last quarter. Clearbridge Investments LLC increased its position in Intapp by 64.0% during the 2nd quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock valued at $28,319,000 after buying an additional 301,238 shares in the last quarter. Finally, Praesidium Investment Management Company LLC raised its stake in Intapp by 15.3% in the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock valued at $92,316,000 after buying an additional 256,327 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors.

About Intapp

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.