Intapp, Inc. (NASDAQ:INTA) Director George R. Neble Sells 1,500 Shares

Intapp, Inc. (NASDAQ:INTA) Director George R. Neble sold 1,500 shares of the stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $31.38, for a total value of $47,070.00. Following the completion of the transaction, the director now owns 29,047 shares of the company’s stock, valued at approximately $911,494.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Intapp Stock Up 0.3 %

Shares of INTA traded up $0.09 during trading hours on Thursday, reaching $32.01. 527,261 shares of the company traded hands, compared to its average volume of 626,232. The stock has a market capitalization of $2.34 billion, a PE ratio of -39.86 and a beta of 0.51. The stock has a fifty day simple moving average of $37.27 and a 200 day simple moving average of $37.54. Intapp, Inc. has a fifty-two week low of $30.58 and a fifty-two week high of $50.46.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, February 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. Intapp had a negative net margin of 13.81% and a negative return on equity of 12.98%. The company had revenue of $103.93 million for the quarter, compared to analyst estimates of $103.17 million. Research analysts predict that Intapp, Inc. will post -0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Intapp

Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC raised its holdings in Intapp by 5.6% in the 3rd quarter. FMR LLC now owns 4,166,230 shares of the company’s stock valued at $139,652,000 after acquiring an additional 221,256 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Intapp by 25.1% in the fourth quarter. Vanguard Group Inc. now owns 3,513,549 shares of the company’s stock valued at $133,585,000 after purchasing an additional 704,268 shares during the period. BlackRock Inc. grew its position in shares of Intapp by 23.2% in the second quarter. BlackRock Inc. now owns 1,469,358 shares of the company’s stock valued at $61,581,000 after purchasing an additional 276,813 shares during the period. Praesidium Investment Management Company LLC increased its stake in Intapp by 9.4% in the fourth quarter. Praesidium Investment Management Company LLC now owns 1,466,281 shares of the company’s stock valued at $55,748,000 after purchasing an additional 125,455 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Intapp by 44.8% during the third quarter. Ameriprise Financial Inc. now owns 1,363,074 shares of the company’s stock worth $45,690,000 after buying an additional 422,016 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on INTA. Citigroup started coverage on shares of Intapp in a research report on Tuesday, January 23rd. They set a “buy” rating and a $57.00 target price on the stock. Stifel Nicolaus upped their price target on Intapp from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Barclays dropped their price objective on Intapp from $47.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday. Piper Sandler reiterated an “overweight” rating and set a $52.00 target price on shares of Intapp in a research report on Monday, February 26th. Finally, Truist Financial raised their price target on Intapp from $46.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $49.22.

Intapp Company Profile

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; collaboration and content solutions, including Intapp documents, an engagement-centric document management system, and Intapp workspaces; risk and compliance management solutions, such as Intapp conflicts, Intapp intake, Intapp terms, Intapp walls, and Intapp employee compliance; and operational and financial management solutions comprising Intapp Billstream, a cloud-based automated proforma invoice solution, Intapp time, and Intapp terms.