Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of Intapp, Inc. (NASDAQ:INTA)

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of Intapp, Inc. (NASDAQ:INTA). In a filing disclosed on February 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Intapp stock on January 22nd. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of ICF International (NASDAQ:ICFI) on 2/3/2025.
• Purchased $15,001 – $50,000 in shares of CACI International (NYSE:CACI) on 1/31/2025.
• Purchased $50,001 – $100,000 in shares of Hawaiian Electric Industries (NYSE:HE) on 1/31/2025.
• Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Agios Pharmaceuticals (NASDAQ:AGIO) on 1/29/2025.
• Purchased $1,001 – $15,000 in shares of SpringWorks Therapeutics (NASDAQ:SWTX) on 1/29/2025.
• Purchased $1,001 – $15,000 in shares of Paragon 28 (NYSE:FNA) on 1/29/2025.
• Purchased $1,001 – $15,000 in shares of U.S. Physical Therapy (NYSE:USPH) on 1/29/2025.
• Purchased $1,001 – $15,000 in shares of Crinetics Pharmaceuticals (NASDAQ:CRNX) on 1/29/2025.

Intapp Price Performance

Shares of Intapp stock opened at $71.20 on Thursday. The business’s 50 day simple moving average is $67.66 and its two-hundred day simple moving average is $54.96. The stock has a market capitalization of $5.65 billion, a P/E ratio of -245.51 and a beta of 0.74. Intapp, Inc. has a one year low of $30.36 and a one year high of $75.90.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. Sell-side analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Intapp news, CMO Scott Fitzgerald sold 5,221 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total value of $309,605.30. Following the sale, the chief marketing officer now directly owns 46,552 shares of the company’s stock, valued at approximately $2,760,533.60. The trade was a 10.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thad Jampol sold 20,000 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $61.85, for a total value of $1,237,000.00. Following the completion of the sale, the insider now directly owns 828,197 shares in the company, valued at $51,223,984.45. This trade represents a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 316,846 shares of company stock valued at $20,158,913. 13.02% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Intapp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake in Intapp by 2.0% in the fourth quarter. Victory Capital Management Inc. now owns 8,652 shares of the company’s stock worth $555,000 after purchasing an additional 171 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in Intapp by 8.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company’s stock worth $190,000 after acquiring an additional 239 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Intapp by 1.1% in the third quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company’s stock worth $1,187,000 after acquiring an additional 264 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Intapp by 7.2% in the third quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company’s stock worth $265,000 after acquiring an additional 373 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new stake in Intapp in the fourth quarter worth $25,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on INTA shares. Stifel Nicolaus boosted their target price on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Barclays boosted their target price on Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Raymond James reissued a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Citigroup reissued a “neutral” rating and set a $78.00 target price (down from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Finally, Piper Sandler reissued an “overweight” rating and set a $71.00 target price (up from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.45.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Intapp Company Profile

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.