Intapp, Inc. (NASDAQ:INTA - Get Free Report) CEO John T. Hall sold 70,986 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $68.83, for a total value of $4,885,966.38. Following the transaction, the chief executive officer now owns 5,026,096 shares of the company's stock, valued at $345,946,187.68. This represents a 1.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Intapp Price Performance
Shares of Intapp stock opened at $64.43 on Thursday. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of -222.17 and a beta of 0.74. Intapp, Inc. has a one year low of $30.36 and a one year high of $71.34. The stock's 50-day moving average is $57.60 and its 200-day moving average is $45.91.
Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.08. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The company had revenue of $118.81 million during the quarter, compared to analysts' expectations of $117.88 million. During the same period last year, the business earned ($0.20) EPS. The business's quarterly revenue was up 17.0% on a year-over-year basis. On average, equities analysts expect that Intapp, Inc. will post -0.14 EPS for the current year.
Institutional Investors Weigh In On Intapp
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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position in shares of Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company's stock valued at $28,000 after acquiring an additional 527 shares during the last quarter. Blue Trust Inc. bought a new position in Intapp in the second quarter valued at approximately $30,000. Comerica Bank increased its position in shares of Intapp by 218.4% during the 1st quarter. Comerica Bank now owns 1,261 shares of the company's stock worth $43,000 after purchasing an additional 865 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Intapp in the 3rd quarter valued at approximately $54,000. Finally, Financial Management Professionals Inc. acquired a new stake in shares of Intapp in the 3rd quarter valued at approximately $57,000. 89.96% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
INTA has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of Intapp from $63.00 to $87.00 and gave the company a "buy" rating in a research report on Monday. Truist Financial increased their price target on Intapp from $55.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Barclays lifted their price objective on Intapp from $44.00 to $48.00 and gave the company an "equal weight" rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price target on Intapp from $58.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Finally, Raymond James upped their target price on shares of Intapp from $46.00 to $55.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.64.
Read Our Latest Stock Report on INTA
Intapp Company Profile
(
Get Free Report)
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.
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