Intapp, Inc. (NASDAQ:INTA) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of Intapp, Inc. (NASDAQ:INTA) by 18.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,247,247 shares of the company’s stock after buying an additional 196,010 shares during the period. Geode Capital Management LLC’s holdings in Intapp were worth $79,953,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INTA. Raleigh Capital Management Inc. acquired a new stake in shares of Intapp during the fourth quarter worth $25,000. Global Retirement Partners LLC acquired a new stake in Intapp in the 4th quarter worth about $25,000. SBI Securities Co. Ltd. purchased a new stake in Intapp in the 4th quarter valued at about $32,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Intapp during the 3rd quarter valued at about $64,000. Finally, OFI Invest Asset Management purchased a new position in shares of Intapp during the 4th quarter worth about $102,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Intapp Stock Performance

Intapp stock opened at $52.23 on Friday. Intapp, Inc. has a one year low of $30.36 and a one year high of $77.74. The stock’s 50 day moving average price is $62.58 and its 200 day moving average price is $60.83. The firm has a market capitalization of $4.15 billion, a PE ratio of -180.10 and a beta of 0.82.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. On average, analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Activity

In related news, CMO Scott Fitzgerald sold 2,086 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $64.54, for a total transaction of $134,630.44. Following the transaction, the chief marketing officer now directly owns 47,517 shares in the company, valued at $3,066,747.18. This trade represents a 4.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michele Murgel sold 7,531 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $518,358.73. Following the sale, the insider now owns 223,945 shares of the company’s stock, valued at approximately $15,414,134.35. The trade was a 3.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 274,755 shares of company stock worth $17,088,761 over the last ninety days. Corporate insiders own 13.02% of the company’s stock.

Wall Street Analyst Weigh In

INTA has been the topic of a number of recent analyst reports. UBS Group increased their price target on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Stifel Nicolaus increased their target price on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Barclays upped their price target on Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Truist Financial raised their price objective on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Piper Sandler reiterated an “overweight” rating and set a $71.00 target price (up previously from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.45.

About Intapp

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.