Ralph Baxter Sells 5,000 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) Director Ralph Baxter sold 5,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $68.24, for a total value of $341,200.00. Following the transaction, the director now owns 9,441 shares in the company, valued at approximately $644,253.84. This trade represents a 34.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Ralph Baxter also recently made the following trade(s):

• On Wednesday, November 6th, Ralph Baxter sold 50,000 shares of Intapp stock. The stock was sold at an average price of $57.10, for a total transaction of $2,855,000.00.
• On Thursday, October 10th, Ralph Baxter sold 5,000 shares of Intapp stock. The shares were sold at an average price of $47.44, for a total transaction of $237,200.00.

Intapp Trading Down 1.2 %

INTA opened at $68.63 on Friday. The stock’s 50 day simple moving average is $56.35 and its 200-day simple moving average is $45.23. The stock has a market cap of $5.31 billion, a PE ratio of -236.66 and a beta of 0.74. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $71.34.

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 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 analyst estimates of $117.88 million. During the same quarter in the previous year, the firm posted ($0.20) EPS. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. Equities analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

INTA has been the subject of a number of recent analyst reports. Raymond James upped their price target on shares of Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. increased their target price on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Stifel Nicolaus lifted their price target on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Piper Sandler reiterated an “overweight” rating and set a $60.00 price target (up from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Finally, Citigroup raised their price objective on shares of Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.09.

Institutional Trading of Intapp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. J.Safra Asset Management Corp boosted its holdings in Intapp by 634.0% during the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after purchasing an additional 615 shares in the last quarter. Farther Finance Advisors LLC lifted its position 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 buying an additional 527 shares during the period. Blue Trust Inc. acquired a new stake in Intapp in the 2nd quarter valued at $30,000. Comerica Bank grew its position in Intapp by 218.4% in the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after acquiring an additional 865 shares during the period. Finally, Quest Partners LLC acquired a new position in Intapp during the third quarter worth $54,000. Institutional investors own 89.96% of the company’s stock.

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.