John Hall Sells 3,000 Shares of Intapp (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) CEO John Hall sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $39.59, for a total transaction of $118,770.00. Following the completion of the sale, the chief executive officer owned 5,814,808 shares in the company, valued at $230,208,248.72. This represents a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intapp Stock Down 2.1%

Shares of Intapp stock opened at $37.23 on Friday. The company has a market cap of $2.85 billion, a P/E ratio of -71.60, a PEG ratio of 14.69 and a beta of 0.45. The firm’s 50 day moving average price is $35.37 and its 200-day moving average price is $27.65. Intapp, Inc. has a 52-week low of $19.01 and a 52-week high of $47.93.

Intapp (NASDAQ:INTA) last posted its earnings results on Tuesday, August 4th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The company had revenue of $152.53 million during the quarter, compared to analysts’ expectations of $149.75 million. Intapp had a negative net margin of 7.15% and a negative return on equity of 3.30%. Intapp’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 earnings per share. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. As a group, equities research analysts forecast that Intapp, Inc. will post 0.07 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on INTA. Truist Financial boosted their target price on Intapp from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Zacks Research upgraded Intapp from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Piper Sandler raised their price target on Intapp from $25.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Wall Street Zen raised Intapp from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Barclays boosted their price target on Intapp from $25.00 to $29.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $37.86.

Institutional Investors Weigh In On Intapp

A number of institutional investors and hedge funds have recently modified their holdings of INTA. BlackRock Inc. acquired a new stake in Intapp during the 2nd quarter valued at approximately $133,660,000. Bamco Inc. NY acquired a new stake in shares of Intapp in the second quarter worth $50,184,000. California State Teachers Retirement System increased its stake in shares of Intapp by 2,361.0% in the second quarter. California State Teachers Retirement System now owns 1,879,103 shares of the company’s stock worth $47,372,000 after acquiring an additional 1,802,749 shares during the period. Wellington Management Group LLP raised its holdings in shares of Intapp by 143.7% during the third quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company’s stock worth $77,365,000 after purchasing an additional 1,115,392 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Intapp by 1,160.6% during the fourth quarter. Barclays PLC now owns 1,094,989 shares of the company’s stock worth $50,172,000 after purchasing an additional 1,008,128 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Intapp Company Profile

Intapp, Inc provides cloud-based software designed for professional and financial services firms. Its platform helps organizations manage client relationships, business development, collaboration, time and expense tracking, billing, compliance, conflicts of interest, and other operational workflows.

The company’s products include DealCloud, a relationship intelligence and deal management platform for private capital markets and investment banking firms; Intapp Documents, which supports document and collaboration workflows; Intapp Time and Intapp Bill, which address time capture and billing processes; and solutions for managing conflicts, engagements, terms, and information barriers.