Intapp, Inc. (NASDAQ:INTA) Insider Thad Jampol Sells 112,928 Shares

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 112,928 shares of Intapp stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $59.27, for a total value of $6,693,242.56. Following the completion of the sale, the insider now owns 857,250 shares in the company, valued at $50,809,207.50. This represents a 11.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, March 10th, Thad Jampol sold 20,000 shares of Intapp stock. The stock was sold at an average price of $57.15, for a total value of $1,143,000.00.
• On Wednesday, January 8th, Thad Jampol sold 20,000 shares of Intapp stock. The stock was sold at an average price of $61.85, for a total transaction of $1,237,000.00.

Intapp Stock Down 6.8 %

Shares of NASDAQ:INTA opened at $50.95 on Monday. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $77.74. The firm’s 50 day moving average price is $65.12 and its 200 day moving average price is $60.82. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of -175.68 and a beta of 0.82.

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

Institutional Trading of Intapp

A number of institutional investors have recently bought and sold shares of the business. Raleigh Capital Management Inc. purchased a new position in shares of Intapp in the 4th quarter valued at about $25,000. Global Retirement Partners LLC acquired a new position in Intapp in the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. purchased a new position in Intapp in the fourth quarter valued at approximately $32,000. Johnson Financial Group Inc. raised its holdings in Intapp by 273.8% during the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company’s stock worth $53,000 after purchasing an additional 605 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Intapp during the 3rd quarter worth approximately $64,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Piper Sandler restated an “overweight” rating and issued a $71.00 price objective (up from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Truist Financial raised 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 $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. increased their target price on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, UBS Group lifted their target price on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.45.

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.