Key Points
- CEO John Hall sold 3,000 Intapp shares at an average price of $44.12, totaling $132,360. The sale was made under a pre-arranged Rule 10b5-1 plan; Hall retained about 5.81 million shares.
- Intapp’s latest quarterly results beat expectations: EPS was $0.44 versus $0.40 forecast, while revenue reached $161.26 million, up 16% year over year.
- Analysts have a consensus Hold rating and an average price target of $40.71; the stock was reported trading at $45.40.
Intapp, Inc. (NASDAQ:INTA - Get Free Report) CEO John Hall sold 3,000 shares of Intapp stock in a transaction on Monday, November 9th. The stock was sold at an average price of $44.12, for a total transaction of $132,360.00. Following the completion of the transaction, the chief executive officer owned 5,814,808 shares in the company, valued at approximately $256,549,328.96. The trade was a 0.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Intapp Stock Up 2.1%
Intapp stock opened at $45.40 on Wednesday. The company has a market capitalization of $3.48 billion, a PE ratio of -126.11, a P/E/G ratio of 10.59 and a beta of 0.31. The firm has a fifty day simple moving average of $40.42 and a two-hundred day simple moving average of $30.41. Intapp, Inc. has a twelve month low of $19.01 and a twelve month high of $48.19.
Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. Intapp had a negative net margin of 4.71% and a negative return on equity of 1.64%. The business had revenue of $161.26 million during the quarter, compared to analyst estimates of $159.63 million. During the same period in the prior year, the business posted $0.24 earnings per share. The company's revenue was up 16.0% on a year-over-year basis. As a group, equities analysts expect that Intapp, Inc. will post 0.12 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Intapp
A number of hedge funds have recently modified their holdings of INTA. Global Retirement Partners LLC grew its stake in shares of Intapp by 4,381.2% in the third quarter. Global Retirement Partners LLC now owns 717 shares of the company's stock worth $26,000 after purchasing an additional 701 shares during the last quarter. Royce & Associates LP bought a new position in Intapp during the 3rd quarter valued at approximately $4,335,000. Virtus Advisers LLC raised its position in Intapp by 25.2% during the 3rd quarter. Virtus Advisers LLC now owns 11,738 shares of the company's stock valued at $425,000 after purchasing an additional 2,359 shares during the last quarter. Diversified Trust Co raised its position in Intapp by 8.9% during the 3rd quarter. Diversified Trust Co now owns 16,741 shares of the company's stock valued at $606,000 after purchasing an additional 1,364 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in Intapp by 64.4% in the 3rd quarter. Allworth Financial LP now owns 2,160 shares of the company's stock worth $78,000 after buying an additional 846 shares during the period. Hedge funds and other institutional investors own 89.96% of the company's stock.
Analyst Ratings Changes
Several brokerages recently weighed in on INTA. Wall Street Zen upgraded Intapp from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Intapp in a research note on Wednesday, September 2nd. Citigroup lifted their price target on Intapp from $36.00 to $40.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 28th. UBS Group reiterated a "mixed" rating on shares of Intapp in a research report on Wednesday, October 28th. Finally, Oppenheimer reissued a "market perform" rating on shares of Intapp in a research note on Wednesday, October 28th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $40.71.
Check Out Our Latest Stock Analysis on INTA
Intapp Company Profile
(
Get Free Report)
Intapp provides cloud-based software and artificial intelligence solutions for professional and financial services firms, including legal, accounting, consulting, investment banking and private capital businesses. Its products help organizations manage workflows, client relationships, risk and compliance, collaboration, and timekeeping. The company's offerings include DealCloud, a platform for relationship management and dealmaking, as well as tools for intake, conflicts management, information barriers, and time capture.
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