Intapp (NASDAQ:INTA) CEO Sells $132,360.00 in Stock

Intapp, Inc. (NASDAQ:INTA) CEO John Hall sold 3,000 shares of the business’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $44.12, for a total value of $132,360.00. Following the completion of the transaction, the chief executive officer owned 5,814,808 shares in the company, valued at $256,549,328.96. This trade represents a 0.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intapp Trading Down 1.2%

Shares of INTA stock opened at $45.90 on Friday. The company has a market capitalization of $3.52 billion, a P/E ratio of -127.50, a price-to-earnings-growth ratio of 11.06 and a beta of 0.31. The business’s 50 day moving average is $40.59 and its two-hundred day moving average is $30.49. Intapp, Inc. has a twelve month low of $19.01 and a twelve month high of $48.19.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The firm had revenue of $161.26 million during the quarter, compared to the consensus estimate of $159.63 million. Intapp had a negative return on equity of 1.64% and a negative net margin of 4.71%. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the company earned $0.24 earnings per share. As a group, equities analysts predict that Intapp, Inc. will post 0.12 earnings per share for the current fiscal year.

Institutional Trading of Intapp

A number of hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its holdings in shares of Intapp by 4.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 11,257 shares of the company’s stock worth $423,000 after buying an additional 435 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Intapp by 9.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,652 shares of the company’s stock worth $145,000 after purchasing an additional 483 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Intapp by 4,381.2% in the third quarter. Global Retirement Partners LLC now owns 717 shares of the company’s stock valued at $26,000 after buying an additional 701 shares during the period. Allworth Financial LP grew its stake in Intapp by 64.4% during the third quarter. Allworth Financial LP now owns 2,160 shares of the company’s stock worth $78,000 after buying an additional 846 shares during the period. Finally, Handelsbanken Fonder AB grew its stake in Intapp by 4.0% during the second quarter. Handelsbanken Fonder AB now owns 23,200 shares of the company’s stock worth $585,000 after buying an additional 900 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Oppenheimer reaffirmed a “market perform” rating on shares of Intapp in a report on Wednesday, October 28th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Intapp in a report on Wednesday, September 2nd. UBS Group reissued a “mixed” rating on shares of Intapp in a report on Wednesday, October 28th. Barclays upped their target price on shares of Intapp from $29.00 to $38.00 and gave the stock an “underweight” rating in a research report on Monday, October 12th. Finally, Zacks Research upgraded shares of Intapp from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.71.

Intapp Company Profile

Intapp provides cloud-based software and artificial intelligence solutions for professional and financial services firms, including legal, accounting, consulting, investment banking and private capital businesses. Its products help organizations manage workflows, client relationships, risk and compliance, collaboration, and timekeeping. The company’s offerings include DealCloud, a platform for relationship management and dealmaking, as well as tools for intake, conflicts management, information barriers, and time capture.