Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Intapp Inc shares valued at $47,070 were sold by Neble George R on Apr 10 ’24. At $31.38 per share, Neble George R sold 1,500 shares. The insider’s holdings dropped to 29,047 shares worth approximately $1.05 million following the completion of this transaction.
Also, Jampol Thad sold 10,000 shares, netting a total of over 318,727 in proceeds. Following the sale of shares at $31.87 each, the insider now holds 727,759 shares.
Before that, GREAT HILL EQUITY PARTNERS IV had sold 7,000,000 shares from its account. In a trade valued at $253,890,000, the 10% Owner traded Intapp Inc shares for $36.27 each. Upon closing the transaction, the insider’s holdings decreased to 7,000,000 shares, worth approximately $243.59 million.
As published in their initiating research note from Citigroup on January 23, 2024, Intapp Inc [INTA] has been a Buy and the price target has been revised to $57. Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in early November. As of September 06, 2023, Barclays has initiated its “an Overweight” rating for INTA. Earlier on July 10, 2023, BTIG Research initiated its rating. Their recommendation was “a Buy” for INTA stock.
Analyzing INTA Stock Performance
During the last five days, there has been a surge of approximately 16.05%. Over the course of the year, Intapp Inc shares have dropped approximately -4.92%. Shares of the company reached a 52-week high of $45.43 on 01/23/24 and a 52-week low of $30.36 on 04/22/24. A 50-day SMA is recorded $33.33, while a 200-day SMA reached $36.52. Nevertheless, trading volume fell to 2.3 million shares from 0.52 million shares the previous day.
Support And Resistance Levels for Intapp Inc (INTA)
According to the 24-hour chart, there is a support level at 34.65, which, if violated, would cause prices to drop to 33.16. In the upper region, resistance lies at 37.08. The next price resistance is at 38.02. RSI (Relative Strength Index) is 72.37 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.08, which suggests the price will increase in the coming days. Percent R is at 6.01%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
