Insider Selling: Intapp, Inc. (NASDAQ:INTA) COO Sells 1,637 Shares of Stock

Intapp, Inc. (NASDAQ:INTAGet Rating) COO Donald F. Coleman sold 1,637 shares of the firm’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $22.08, for a total transaction of $36,144.96. Following the sale, the chief operating officer now directly owns 475,832 shares of the company’s stock, valued at $10,506,370.56. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of NASDAQ INTA traded down $1.64 during midday trading on Tuesday, hitting $20.41. The company’s stock had a trading volume of 96,382 shares, compared to its average volume of 156,791. Intapp, Inc. has a 1-year low of $17.07 and a 1-year high of $40.91. The firm’s fifty day moving average price is $23.65 and its 200-day moving average price is $23.72. The firm has a market cap of $1.27 billion and a P/E ratio of -10.36.

Intapp (NASDAQ:INTAGet 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 forecast that Intapp, Inc. will post -1.5 EPS for the current year.

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

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

Intapp Company Profile (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.

Recommended Stories

Insider Buying and Selling by Quarter for Intapp (NASDAQ:INTA)

Receive News & Ratings for Intapp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intapp and related companies with MarketBeat.com's FREE daily email newsletter.