In a filing, Intapp Inc revealed its 10% Owner GREAT HILL EQUITY PARTNERS IV unloaded Company’s shares for reported $253.89 million on Mar 07 ’24. In the deal valued at $36.27 per share,7,000,000 shares were sold. As a result of this transaction, GREAT HILL EQUITY PARTNERS IV now holds 6,738,269 shares worth roughly $217.11 million.
Then, Coleman Donald F. sold 15,000 shares, generating $583,666 in total proceeds. Upon selling the shares at $38.91, the Chief Operating Officer now owns 629,338 shares.
Before that, Baxter Ralph sold 30,000 shares. Intapp Inc shares valued at $1,231,192 were divested by the Director at a price of $41.04 per share. As a result of the transaction, Baxter Ralph now holds 5,624 shares, worth roughly $0.18 million.
Citigroup initiated its Intapp Inc [INTA] rating to a Buy in a research note published on January 23, 2024; the price target was $57. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early November with a ‘”a Buy”‘ rating. Barclays began covering INTA with “an Overweight” recommendation on September 06, 2023. BTIG Research started covering the stock on July 10, 2023. It rated INTA as “a Buy”.
Price Performance Review of INTA
On Tuesday, Intapp Inc [NASDAQ:INTA] saw its stock jump 0.47% to $32.22. Over the last five days, the stock has lost -0.22%. Intapp Inc shares have fallen nearly -15.26% since the year began. Nevertheless, the stocks have fallen -28.61% over the past one year. While a 52-week high of $50.46 was reached on 01/23/24, a 52-week low of $30.58 was recorded on 04/05/24. SMA at 50 days reached $37.75, while 200 days put it at $37.48. A total of 0.32 million shares were traded, compared to the trading of 0.56 million shares in the previous session.
Levels Of Support And Resistance For INTA Stock
The 24-hour chart illustrates a support level at 31.71, which if violated will result in even more drops to 31.19. On the upside, there is a resistance level at 32.60. A further resistance level may holdings at 32.97. The Relative Strength Index (RSI) on the 14-day chart is 34.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.36%. Stochastics %K at 10.42% indicates the stock is a buying.
How much short interest is there in Intapp Inc?
A steep rise in short interest was recorded in Intapp Inc stocks on Mar 15, 2024, dropping by 70000.0 shares to a total of 2.53 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.6 million shares. There was a decline of -2.77%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 8.14% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.77.
