Stephen I. Robertson Sells 913 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTAGet Rating) CFO Stephen I. Robertson sold 913 shares of the firm’s stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $22.08, for a total value of $20,159.04. Following the completion of the transaction, the chief financial officer now owns 252,539 shares of the company’s stock, valued at approximately $5,576,061.12. The sale was disclosed in a document filed with the SEC, which is available through this link.

INTA stock traded down $1.64 during mid-day trading on Tuesday, hitting $20.41. 96,382 shares of the company were exchanged, 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 business has a 50 day simple moving average of $23.65 and a 200-day simple moving average of $23.72. The stock has a market capitalization of $1.27 billion and a PE ratio of -10.36.

Intapp (NASDAQ:INTAGet Rating) last released its quarterly earnings results on Wednesday, May 11th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.36. Intapp had a negative net margin of 36.46% and a negative return on equity of 47.43%. Sell-side analysts predict that Intapp, Inc. will post -1.5 earnings per share for the current year.

INTA has been the subject of several analyst reports. Raymond James decreased their price objective on Intapp from $32.00 to $26.00 in a report on Thursday, May 12th. JPMorgan Chase & Co. cut their target price on shares of Intapp from $50.00 to $42.00 in a research note on Thursday, February 10th. Zacks Investment Research upgraded shares of Intapp from a “sell” rating to a “hold” rating in a research note on Tuesday, May 17th. Finally, Credit Suisse Group cut their target price on shares of Intapp from $35.00 to $27.00 in a research note 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $36.00.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new stake in shares of Intapp in the third quarter valued at approximately $30,000. Royal Bank of Canada acquired a new stake in shares of Intapp in the third quarter valued at approximately $36,000. Advisor Group Holdings Inc. raised its position in shares of Intapp by 87.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 1,456 shares of the company’s stock valued at $37,000 after buying an additional 680 shares in the last quarter. Citigroup Inc. acquired a new stake in shares of Intapp in the third quarter valued at approximately $38,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Intapp in the third quarter valued at approximately $46,000. Institutional investors own 81.96% of the company’s stock.

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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