Donald F. Coleman Sells 2,520 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA – Get Rating) COO Donald F. Coleman sold 2,520 shares of the company’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $22.09, for a total value of $55,666.80. Following the transaction, the chief operating officer now directly owns 473,312 shares in the company, valued at $10,455,462.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ INTA traded down $1.64 during mid-day trading on Tuesday, hitting $20.41. The stock had a trading volume of 96,382 shares, compared to its average volume of 156,791. The company has a 50 day moving average of $23.65 and a two-hundred day moving average of $23.72. Intapp, Inc. has a twelve month low of $17.07 and a twelve month high of $40.91. The firm has a market cap of $1.27 billion and a PE ratio of -10.36.

Intapp (NASDAQ:INTA – Get Rating) last posted its quarterly earnings results on Wednesday, May 11th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.36. Intapp had a negative net margin of 36.46% and a negative return on equity of 47.43%. On average, equities research analysts expect that Intapp, Inc. will post -1.5 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of INTA. Point72 Hong Kong Ltd purchased a new stake in Intapp in the third quarter valued at $30,000. Royal Bank of Canada purchased a new stake in shares of Intapp during the 3rd quarter worth about $36,000. Advisor Group Holdings Inc. boosted its stake in shares of Intapp by 87.6% during the 4th quarter. Advisor Group Holdings Inc. now owns 1,456 shares of the company’s stock worth $37,000 after acquiring an additional 680 shares in the last quarter. Citigroup Inc. purchased a new stake in shares of Intapp during the 3rd quarter worth about $38,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of Intapp during the 3rd quarter worth about $46,000. 81.96% of the stock is currently owned by institutional investors.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Intapp from a “sell” rating to a “hold” rating in a research report on Tuesday, May 17th. Raymond James reduced their price target on Intapp from $32.00 to $26.00 in a research report on Thursday, May 12th. JPMorgan Chase & Co. reduced their price target on Intapp from $50.00 to $42.00 in a research report on Thursday, February 10th. Finally, Credit Suisse Group reduced their price target on Intapp from $35.00 to $27.00 in a research report on Thursday, May 12th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $36.00.

About Intapp (Get Rating)

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; and OnePlace, a solution to manage various aspects of professional services firms' client and engagement lifecycle.

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