Insider Selling: Intapp, Inc. (NASDAQ:INTA) CFO Sells $257,121.60 in Stock

Intapp, Inc. (NASDAQ:INTAGet Rating) CFO Stephen I. Robertson sold 11,645 shares of Intapp stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $22.08, for a total value of $257,121.60. Following the sale, the chief financial officer now owns 255,493 shares in the company, valued at $5,641,285.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Intapp Stock Performance

Shares of NASDAQ INTA opened at $21.96 on Friday. The stock has a market cap of $1.38 billion, a PE ratio of -14.26 and a beta of 0.75. Intapp, Inc. has a fifty-two week low of $13.52 and a fifty-two week high of $30.04. The stock has a fifty day moving average of $19.85 and a 200-day moving average of $17.98.

Intapp (NASDAQ:INTAGet Rating) last announced its quarterly earnings results on Wednesday, September 7th. The company reported ($0.29) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.11. The company had revenue of $75.52 million during the quarter, compared to analysts’ expectations of $71.51 million. Intapp had a negative return on equity of 30.50% and a negative net margin of 32.69%. During the same period in the previous year, the business earned ($0.39) earnings per share. On average, sell-side analysts predict that Intapp, Inc. will post -1.03 EPS for the current year.

Hedge Funds Weigh In On Intapp

Several hedge funds have recently made changes to their positions in INTA. Captrust Financial Advisors purchased a new position in Intapp during the second quarter worth about $41,000. Amalgamated Bank purchased a new position in Intapp during the first quarter worth about $53,000. Tower Research Capital LLC TRC grew its position in Intapp by 460.5% during the third quarter. Tower Research Capital LLC TRC now owns 3,010 shares of the company’s stock worth $56,000 after buying an additional 2,473 shares in the last quarter. Legal & General Group Plc grew its position in Intapp by 19.5% during the second quarter. Legal & General Group Plc now owns 4,403 shares of the company’s stock worth $65,000 after buying an additional 719 shares in the last quarter. Finally, Capital Impact Advisors LLC purchased a new position in Intapp during the second quarter worth about $94,000. 82.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Truist Financial lowered their target price on Intapp from $45.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, September 8th. Piper Sandler boosted their target price on Intapp from $19.00 to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, November 8th. Raymond James boosted their target price on Intapp from $20.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, November 8th. Finally, Credit Suisse Group boosted their target price on Intapp from $22.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, November 8th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $28.50.

About Intapp

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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. The company's 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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