Insider Selling: Intapp, Inc. (NASDAQ:INTA) CMO Sells 3,000 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) CMO Scott Fitzgerald sold 3,000 shares of Intapp stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $63.53, for a total transaction of $190,590.00. Following the completion of the transaction, the chief marketing officer now directly owns 42,212 shares in the company, valued at approximately $2,681,728.36. The trade was a 6.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Scott Fitzgerald also recently made the following trade(s):

• On Thursday, November 21st, Scott Fitzgerald sold 5,221 shares of Intapp stock. The shares were sold at an average price of $59.30, for a total transaction of $309,605.30.

Intapp Trading Up 3.6 %

Shares of NASDAQ:INTA traded up $2.36 on Wednesday, hitting $67.59. The company had a trading volume of 575,477 shares, compared to its average volume of 638,339. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $67.73. The stock has a market cap of $5.23 billion, a price-to-earnings ratio of -232.21 and a beta of 0.74. The stock has a 50 day moving average price of $53.18 and a 200 day moving average price of $43.59.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating 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 2.08%. The firm had revenue of $118.81 million for the quarter, compared to the consensus estimate of $117.88 million. During the same period in the previous year, the company earned ($0.20) earnings per share. The company’s quarterly revenue was up 17.0% on a year-over-year basis. Sell-side analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on INTA. Citigroup boosted 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. Truist Financial reissued a “buy” rating and issued a $55.00 price objective (up previously from $47.00) on shares of Intapp in a research report on Tuesday, November 5th. Barclays boosted 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. JPMorgan Chase & Co. upped their price target 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. Finally, Stifel Nicolaus upped their price target on shares of Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $53.55.

Hedge Funds Weigh In On Intapp

Institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC grew its stake in shares of Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after acquiring an additional 527 shares in the last quarter. J.Safra Asset Management Corp grew its stake in shares of Intapp by 634.0% in the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after acquiring an additional 615 shares in the last quarter. Blue Trust Inc. acquired a new position in shares of Intapp in the second quarter valued at about $30,000. Quest Partners LLC acquired a new stake in Intapp during the third quarter worth about $54,000. Finally, Financial Management Professionals Inc. acquired a new stake in Intapp during the third quarter worth about $57,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.