Intapp, Inc. (NASDAQ:INTA) Insider Thad Jampol Sells 20,000 Shares

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 20,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $67.97, for a total value of $1,359,400.00. Following the completion of the sale, the insider now directly owns 798,222 shares of the company’s stock, valued at approximately $54,255,149.34. This represents a 2.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Thad Jampol also recently made the following trade(s):

• On Thursday, November 21st, Thad Jampol sold 20,174 shares of Intapp stock. The stock was sold at an average price of $59.30, for a total value of $1,196,318.20.
• On Tuesday, October 8th, Thad Jampol sold 20,000 shares of Intapp stock. The stock was sold at an average price of $45.09, for a total value of $901,800.00.
• On Thursday, September 19th, Thad Jampol sold 31,666 shares of Intapp stock. The stock was sold at an average price of $49.09, for a total value of $1,554,483.94.

Intapp Price Performance

Intapp stock opened at $68.63 on Friday. The stock has a market capitalization of $5.31 billion, a PE ratio of -236.66 and a beta of 0.74. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $71.34. The business has a 50 day simple moving average of $56.35 and a 200-day simple moving average of $45.23.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The business had revenue of $118.81 million during the quarter, compared to analysts’ expectations of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The business’s revenue was up 17.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.20) earnings per share. On average, equities research analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on INTA. Barclays raised their price objective on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Raymond James raised their price objective on Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Citigroup raised their price objective on Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Stifel Nicolaus lifted their price target on Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $57.09.

Institutional Trading of Intapp

A number of institutional investors have recently made changes to their positions in INTA. Luxor Capital Group LP acquired a new stake in shares of Intapp in the third quarter worth approximately $47,837,000. FMR LLC boosted its stake in shares of Intapp by 7.8% in the third quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after acquiring an additional 411,434 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Intapp by 29.9% in the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after acquiring an additional 343,275 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of Intapp by 64.0% in the second quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock worth $28,319,000 after acquiring an additional 301,238 shares during the last quarter. Finally, Praesidium Investment Management Company LLC boosted its stake in shares of Intapp by 15.3% in the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock worth $92,316,000 after acquiring an additional 256,327 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

About Intapp

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.