Intapp, Inc. (NASDAQ:INTA) Insider Sells $19,328.75 in Stock

Intapp, Inc. (NASDAQ:INTA – Get Rating) insider Michele Murgel sold 875 shares of the firm’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $22.09, for a total value of $19,328.75. Following the sale, the insider now owns 91,757 shares in the company, valued at $2,026,912.13. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Michele Murgel also recently made the following trade(s):

• On Friday, May 20th, Michele Murgel sold 568 shares of Intapp stock. The shares were sold at an average price of $22.08, for a total value of $12,541.44.

Shares of 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 market cap of $1.27 billion and a PE ratio of -10.36. The company’s fifty day simple moving average is $23.65 and its two-hundred day simple moving average is $23.72. Intapp, Inc. has a fifty-two week low of $17.07 and a fifty-two week high of $40.91.

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

INTA has been the subject of a number of recent analyst reports. Credit Suisse Group lowered their price objective on Intapp from $35.00 to $27.00 in a research note on Thursday, May 12th. JPMorgan Chase & Co. lowered their price objective on Intapp from $50.00 to $42.00 in a research note on Thursday, February 10th. Raymond James lowered their price objective on Intapp from $32.00 to $26.00 in a research note on Thursday, May 12th. Finally, Zacks Investment Research upgraded Intapp from a “sell” rating to a “hold” rating in a research note on Tuesday, May 17th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $36.00.

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

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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