Insider Selling: Intapp, Inc. (NASDAQ:INTA) CFO Sells 1,406 Shares of Stock
Intapp, Inc. (NASDAQ:INTA – Get Rating) CFO Stephen I. Robertson sold 1,406 shares of the stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $22.09, for a total transaction of $31,058.54. Following the completion of the transaction, the chief financial officer now owns 251,133 shares of the company’s stock, valued at approximately $5,547,527.97. The sale was disclosed in a filing with the SEC, which is accessible through this link.
INTA traded down $1.64 during midday trading on Tuesday, hitting $20.41. The company had a trading volume of 96,382 shares, compared to its average volume of 156,791. The company has a market capitalization of $1.27 billion and a PE ratio of -10.36. Intapp, Inc. has a twelve month low of $17.07 and a twelve month high of $40.91. The firm’s 50-day simple moving average is $23.65 and its 200-day simple moving average is $23.72.
Intapp (NASDAQ:INTA – Get Rating) last posted its quarterly earnings data on Wednesday, May 11th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.36. Intapp had a negative net margin of 36.46% and a negative return on equity of 47.43%. On average, research analysts anticipate that Intapp, Inc. will post -1.5 EPS for the current fiscal year.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Intapp from a “sell” rating to a “hold” rating in a research report on Tuesday, May 17th. Raymond James dropped their target price on shares of Intapp from $32.00 to $26.00 in a research report on Thursday, May 12th. JPMorgan Chase & Co. dropped their target price on shares of Intapp from $50.00 to $42.00 in a research report on Thursday, February 10th. Finally, Credit Suisse Group dropped their target price on shares of Intapp from $35.00 to $27.00 in a research report on Thursday, May 12th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $36.00.
A number of institutional investors and hedge funds have recently bought and sold shares of INTA. Advisor Group Holdings Inc. boosted its stake in shares of Intapp by 87.6% in the 4th quarter. Advisor Group Holdings Inc. now owns 1,456 shares of the company’s stock valued at $37,000 after purchasing an additional 680 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Intapp in the 3rd quarter valued at about $30,000. Alamar Capital Management LLC boosted its stake in shares of Intapp by 1.3% in the 1st quarter. Alamar Capital Management LLC now owns 97,985 shares of the company’s stock valued at $2,353,000 after purchasing an additional 1,220 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of Intapp by 1.8% in the 4th quarter. Squarepoint Ops LLC now owns 71,234 shares of the company’s stock valued at $1,792,000 after purchasing an additional 1,234 shares during the last quarter. Finally, American International Group Inc. boosted its stake in shares of Intapp by 23.7% in the 1st quarter. American International Group Inc. now owns 6,869 shares of the company’s stock valued at $165,000 after purchasing an additional 1,317 shares during the last quarter. Hedge funds and other institutional investors own 81.96% of the company’s stock.
Intapp Company Profile (Get Rating)
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; and OnePlace, a solution to manage various aspects of professional services firms’ client and engagement lifecycle.
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