Charles E. Moran Sells 1,600 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTAGet Rating) Director Charles E. Moran sold 1,600 shares of the company’s stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $30.00, for a total value of $48,000.00. Following the transaction, the director now owns 349,785 shares of the company’s stock, valued at $10,493,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Intapp Price Performance

Intapp stock traded down $0.11 during mid-day trading on Wednesday, hitting $28.91. The stock had a trading volume of 97,273 shares, compared to its average volume of 94,755. The stock has a 50-day simple moving average of $24.68 and a two-hundred day simple moving average of $20.02. Intapp, Inc. has a 12 month low of $13.52 and a 12 month high of $30.00.

Intapp (NASDAQ:INTAGet Rating) last posted its quarterly earnings results on Monday, November 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.04. The business had revenue of $79.54 million for the quarter, compared to analysts’ expectations of $76.42 million. Intapp had a negative return on equity of 30.50% and a negative net margin of 32.69%. As a group, research analysts anticipate that Intapp, Inc. will post -1.04 earnings per share for the current year.

Hedge Funds Weigh In On Intapp

Hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in Intapp by 18.6% in the third quarter. Bank of New York Mellon Corp now owns 53,641 shares of the company’s stock valued at $1,002,000 after buying an additional 8,396 shares during the period. Capital Impact Advisors LLC lifted its stake in Intapp by 80.1% in the third quarter. Capital Impact Advisors LLC now owns 11,556 shares of the company’s stock valued at $250,000 after buying an additional 5,138 shares during the period. Alamar Capital Management LLC lifted its stake in Intapp by 28.5% in the third quarter. Alamar Capital Management LLC now owns 122,406 shares of the company’s stock valued at $2,285,000 after buying an additional 27,171 shares during the period. Alliancebernstein L.P. acquired a new position in Intapp in the third quarter valued at about $250,000. Finally, State Street Corp lifted its stake in Intapp by 5.8% in the third quarter. State Street Corp now owns 274,205 shares of the company’s stock valued at $5,119,000 after buying an additional 15,047 shares during the period. Institutional investors own 80.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on INTA. Piper Sandler upped 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. Credit Suisse Group increased their target price on Intapp from $22.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, November 8th. Finally, Raymond James increased their target price on Intapp from $20.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, November 8th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Intapp presently has an average rating of “Buy” and a consensus price target 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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