Intapp (NASDAQ:INTA) CEO John Hall Sells 3,000 Shares of Stock

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

Intapp Price Performance

Shares of INTA opened at $45.40 on Wednesday. The firm has a market cap of $3.48 billion, a PE ratio of -126.11, a PEG ratio of 10.59 and a beta of 0.31. The stock’s fifty day moving average price is $40.42 and its two-hundred day moving average price is $30.41. Intapp, Inc. has a 1 year low of $19.01 and a 1 year high of $48.19.

Intapp (NASDAQ:INTA) last posted 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. Intapp had a negative return on equity of 1.64% and a negative net margin of 4.71%. The company had revenue of $161.26 million during the quarter, compared to the consensus estimate of $159.63 million. During the same quarter in the prior year, the company earned $0.24 EPS. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. Sell-side analysts anticipate that Intapp, Inc. will post 0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intapp

Large investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in Intapp in the 2nd quarter valued at $133,660,000. Bamco Inc. NY bought a new position in shares of Intapp in the second quarter worth $50,184,000. Praesidium Investment Management Company LLC purchased a new stake in shares of Intapp in the 2nd quarter valued at about $19,761,311. TimesSquare Capital Management LLC purchased a new stake in Intapp in the second quarter valued at approximately $12,650,000. Finally, Bank of America Corp DE bought a new position in shares of Intapp in the 2nd quarter worth $12,344,000. 89.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

INTA has been the subject of several recent research reports. Oppenheimer reiterated a “market perform” rating on shares of Intapp in a research note on Wednesday, October 28th. Truist Financial upped their price target on shares of Intapp from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Intapp in a report on Wednesday, September 2nd. Zacks Research upgraded shares of Intapp from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Finally, Wall Street Zen upgraded shares of Intapp from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.