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

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 20,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $35.26, for a total transaction of $705,200.00. Following the completion of the sale, the insider now owns 727,759 shares in the company, valued at $25,660,782.34. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, April 8th, Thad Jampol sold 10,000 shares of Intapp stock. The stock was sold at an average price of $31.87, for a total transaction of $318,700.00.

Intapp Price Performance

Shares of INTA opened at $36.95 on Friday. Intapp, Inc. has a one year low of $30.36 and a one year high of $50.46. The company has a market cap of $2.70 billion, a PE ratio of -46.19 and a beta of 0.56. The firm has a 50-day moving average of $33.19 and a 200-day moving average of $37.13.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Tuesday, February 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. The company had revenue of $103.93 million during the quarter, compared to analysts’ expectations of $103.17 million. Intapp had a negative return on equity of 12.98% and a negative net margin of 13.81%. Analysts expect that Intapp, Inc. will post -0.53 earnings per share for the current year.

Hedge Funds Weigh In On Intapp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INTA. Wellington Management Group LLP raised its position in shares of Intapp by 60.0% in the third quarter. Wellington Management Group LLP now owns 989,722 shares of the company’s stock valued at $33,175,000 after purchasing an additional 371,181 shares during the period. Vanguard Group Inc. grew its stake in Intapp by 10.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,809,281 shares of the company’s stock valued at $94,167,000 after buying an additional 260,610 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Intapp by 27.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 190,375 shares of the company’s stock valued at $6,381,000 after acquiring an additional 40,444 shares during the period. Scout Investments Inc. acquired a new stake in Intapp during the third quarter worth approximately $5,145,000. Finally, Ameriprise Financial Inc. grew its position in shares of Intapp by 44.8% in the third quarter. Ameriprise Financial Inc. now owns 1,363,074 shares of the company’s stock valued at $45,690,000 after purchasing an additional 422,016 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on INTA. Barclays reduced their target price on Intapp from $47.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Oppenheimer lowered their target price on Intapp from $50.00 to $42.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. Citigroup decreased their price objective on Intapp from $57.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Stifel Nicolaus reduced their price target on Intapp from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $52.00 price objective on shares of Intapp in a report on Monday, February 26th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $46.88.

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.