Thad Jampol Sells 5,000 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Posted by Defense World Staff on Mar 31st, 2023

Intapp, Inc. (NASDAQ:INTA – Get Rating) insider Thad Jampol sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $44.05, for a total value of $220,250.00. Following the completion of the sale, the insider now directly owns 616,555 shares in the company, valued at approximately $27,159,247.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

On Monday, March 27th, Thad Jampol sold 15,000 shares of Intapp stock. The stock was sold at an average price of $43.17, for a total transaction of $647,550.00.
On Wednesday, February 1st, Thad Jampol sold 5,000 shares of Intapp stock. The stock was sold at an average price of $29.36, for a total value of $146,800.00.
On Tuesday, January 3rd, Thad Jampol sold 13,903 shares of Intapp stock. The stock was sold at an average price of $25.16, for a total value of $349,799.48.

Intapp Stock Performance

INTA opened at $44.06 on Friday. The business’s fifty day moving average is $36.71 and its two-hundred day moving average is $27.13. The company has a market cap of $2.81 billion, a price-to-earnings ratio of -30.39 and a beta of 0.61. Intapp, Inc. has a one year low of $13.52 and a one year high of $44.74.

Intapp (NASDAQ:INTA – Get Rating) last announced its quarterly earnings results on Monday, February 6th. The company reported ($0.29) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.29). Intapp had a negative net margin of 29.13% and a negative return on equity of 29.75%. The company had revenue of $84.69 million for the quarter, compared to the consensus estimate of $80.52 million. On average, analysts predict that Intapp, Inc. will post -0.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

INTA has been the topic of a number of recent research reports. Raymond James upped their target price on shares of Intapp from $25.00 to $34.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 7th. Truist Financial increased their target price on Intapp from $32.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, February 7th. JPMorgan Chase & Co. increased their target price on Intapp from $29.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, February 7th. Piper Sandler increased their target price on Intapp from $26.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, February 7th. Finally, Credit Suisse Group increased their target price on Intapp from $33.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, February 7th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $35.83.

Hedge Funds Weigh In On Intapp

Large investors have recently added to or reduced their stakes in the business. Swiss National Bank lifted its position in Intapp by 3.8% during the fourth quarter. Swiss National Bank now owns 30,000 shares of the company’s stock worth $748,000 after buying an additional 1,100 shares during the period. Strs Ohio raised its stake in Intapp by 178.3% during the fourth quarter. Strs Ohio now owns 6,400 shares of the company’s stock worth $159,000 after purchasing an additional 4,100 shares during the period. Cornerstone Investment Partners LLC purchased a new position in Intapp during the fourth quarter worth approximately $202,000. Capital Impact Advisors LLC raised its stake in Intapp by 80.1% during the third quarter. Capital Impact Advisors LLC now owns 11,556 shares of the company’s stock worth $250,000 after purchasing an additional 5,138 shares during the period. Finally, Alamar Capital Management LLC raised its stake in Intapp by 28.5% during the third quarter. Alamar Capital Management LLC now owns 122,406 shares of the company’s stock worth $2,285,000 after purchasing an additional 27,171 shares during the period. 80.83% of the stock is currently owned by hedge funds and other institutional investors.

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. The company's 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.