Michele Murgel Sells 1,962 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) insider Michele Murgel sold 1,962 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $60.00, for a total transaction of $117,720.00. Following the transaction, the insider now owns 182,462 shares in the company, valued at approximately $10,947,720. This trade represents a 1.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Michele Murgel also recently made the following trade(s):

• On Monday, March 17th, Michele Murgel sold 23,404 shares of Intapp stock. The stock was sold at an average price of $60.13, for a total transaction of $1,407,282.52.
• On Monday, February 24th, Michele Murgel sold 4,632 shares of Intapp stock. The shares were sold at an average price of $64.54, for a total value of $298,949.28.
• On Thursday, February 20th, Michele Murgel sold 7,531 shares of Intapp stock. The stock was sold at an average price of $68.83, for a total value of $518,358.73.

Intapp Stock Performance

NASDAQ INTA traded up $0.72 on Friday, hitting $60.95. The stock had a trading volume of 729,153 shares, compared to its average volume of 641,420. The firm has a 50-day moving average of $67.01 and a 200-day moving average of $59.51. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $77.74. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of -210.17 and a beta of 0.76.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. As a group, research analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

INTA has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their target price on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Stifel Nicolaus raised their price objective on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Truist Financial boosted their target price on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Citigroup restated a “neutral” rating and set a $78.00 price target (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Finally, Barclays upped their price objective on Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.45.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Raleigh Capital Management Inc. bought a new stake in Intapp during the fourth quarter valued at approximately $25,000. Global Retirement Partners LLC purchased a new stake in shares of Intapp during the 4th quarter valued at $25,000. SBI Securities Co. Ltd. purchased a new stake in shares of Intapp during the 4th quarter valued at $32,000. Johnson Financial Group Inc. lifted its holdings in shares of Intapp by 273.8% during the 4th quarter. Johnson Financial Group Inc. now owns 826 shares of the company’s stock worth $53,000 after acquiring an additional 605 shares during the last quarter. Finally, Quest Partners LLC purchased a new position in Intapp in the third quarter worth $54,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.