Donald F. Coleman Sells 58,003 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 58,003 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $49.31, for a total transaction of $2,860,127.93. Following the sale, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at $32,950,865.09. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Intapp Price Performance

Shares of INTA stock traded up $0.38 during trading hours on Monday, reaching $49.38. The stock had a trading volume of 669,396 shares, compared to its average volume of 654,872. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $50.09. The firm has a 50-day simple moving average of $40.24 and a 200-day simple moving average of $36.38. The firm has a market capitalization of $3.63 billion, a PE ratio of -80.33 and a beta of 0.65.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The business had revenue of $114.38 million for the quarter, compared to analysts’ expectations of $111.58 million. Intapp had a negative net margin of 7.44% and a negative return on equity of 5.36%. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.14) EPS. On average, equities analysts anticipate that Intapp, Inc. will post -0.15 earnings per share for the current year.

Analysts Set New Price Targets

INTA has been the subject of a number of recent analyst reports. UBS Group raised their price target on shares of Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Bank of America lowered their price target on shares of Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Stifel Nicolaus raised their price target on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday. Oppenheimer reaffirmed a “market perform” rating on shares of Intapp in a report on Monday, July 8th. Finally, Citigroup increased their price objective on shares of Intapp from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Intapp currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.78.

Hedge Funds Weigh In On Intapp

Several large investors have recently bought and sold shares of the stock. Clearbridge Investments LLC increased its stake in Intapp by 64.0% during the 2nd quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock valued at $28,319,000 after buying an additional 301,238 shares during the period. Susquehanna Fundamental Investments LLC increased its stake in Intapp by 384.2% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 69,718 shares of the company’s stock valued at $2,557,000 after buying an additional 55,318 shares during the period. The Manufacturers Life Insurance Company increased its stake in Intapp by 13.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,551 shares of the company’s stock valued at $900,000 after buying an additional 2,891 shares during the period. Millennium Management LLC increased its stake in Intapp by 30.1% during the 2nd quarter. Millennium Management LLC now owns 357,437 shares of the company’s stock valued at $13,107,000 after buying an additional 82,761 shares during the period. Finally, Squarepoint Ops LLC increased its stake in Intapp by 18.3% during the 2nd quarter. Squarepoint Ops LLC now owns 135,517 shares of the company’s stock valued at $4,969,000 after buying an additional 20,972 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

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.