Intapp, Inc. (NASDAQ:INTA) Director Sells $651,530.46 in Stock

Intapp, Inc. (NASDAQ:INTA) Director Ralph Baxter sold 9,289 shares of Intapp stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $70.14, for a total transaction of $651,530.46. Following the completion of the sale, the director now owns 9,441 shares of the company’s stock, valued at approximately $662,191.74. This trade represents a 49.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Ralph Baxter also recently made the following trade(s):

• On Tuesday, December 10th, Ralph Baxter sold 5,000 shares of Intapp stock. The stock was sold at an average price of $68.24, for a total transaction of $341,200.00.
• On Wednesday, November 6th, Ralph Baxter sold 50,000 shares of Intapp stock. The shares were sold at an average price of $57.10, for a total transaction of $2,855,000.00.
• On Thursday, October 10th, Ralph Baxter sold 5,000 shares of Intapp stock. The stock was sold at an average price of $47.44, for a total transaction of $237,200.00.

Intapp Trading Down 2.1 %

Shares of NASDAQ:INTA opened at $64.43 on Thursday. The firm’s 50 day moving average is $57.60 and its two-hundred day moving average is $45.91. The firm has a market capitalization of $4.99 billion, a P/E ratio of -222.17 and a beta of 0.74. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $71.34.

Intapp (NASDAQ:INTA) last posted its earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.13 by $0.08. The firm had revenue of $118.81 million for 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 firm’s revenue was up 17.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.20) EPS. Analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Analyst Upgrades and Downgrades

INTA has been the topic of several research reports. Barclays upped their price objective on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Stifel Nicolaus upped their price target on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday. Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 price objective (up previously from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Raymond James boosted their target price on shares of Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, Citigroup raised their price target on shares of Intapp from $63.00 to $87.00 and gave the stock a “buy” rating in a research report on Monday. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $60.64.

Institutional Investors Weigh In On Intapp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Comerica Bank lifted its holdings in Intapp by 218.4% in the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after purchasing an additional 865 shares during the period. Blue Trust Inc. bought a new stake in shares of Intapp during the 2nd quarter worth about $30,000. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Intapp by 13.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 15,398 shares of the company’s stock worth $565,000 after acquiring an additional 1,787 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Intapp by 8.0% in the second quarter. Bank of New York Mellon Corp now owns 145,205 shares of the company’s stock valued at $5,325,000 after acquiring an additional 10,789 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Intapp by 99.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,813 shares of the company’s stock valued at $397,000 after acquiring an additional 5,394 shares during the period. 89.96% of the stock is currently owned by institutional investors.

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.