Commerce Bank Sells 505 Shares of Intapp, Inc. (NASDAQ:INTA)

Commerce Bank reduced its stake in shares of Intapp, Inc. (NASDAQ:INTA) by 3.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 15,270 shares of the company’s stock after selling 505 shares during the period. Commerce Bank’s holdings in Intapp were worth $730,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Intapp by 42.7% during the first quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock worth $172,002,000 after buying an additional 1,501,091 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of Intapp by 64.0% in the 2nd quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock worth $28,319,000 after acquiring an additional 301,238 shares in the last quarter. F M Investments LLC purchased a new stake in shares of Intapp in the second quarter valued at about $7,006,000. Jane Street Group LLC boosted its holdings in Intapp by 766.2% during the first quarter. Jane Street Group LLC now owns 166,456 shares of the company’s stock worth $5,709,000 after purchasing an additional 147,240 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its holdings in Intapp by 58.4% during the first quarter. Silvercrest Asset Management Group LLC now owns 381,912 shares of the company’s stock worth $13,100,000 after purchasing an additional 140,792 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Intapp Stock Performance

Shares of Intapp stock opened at $59.92 on Tuesday. The stock has a market capitalization of $4.64 billion, a P/E ratio of -206.62 and a beta of 0.64. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $60.88. The stock’s 50-day simple moving average is $51.57 and its 200 day simple moving average is $42.52.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The company had revenue of $118.81 million for the quarter, compared to analysts’ expectations of $117.88 million. During the same period in the prior year, the company posted ($0.20) EPS. Intapp’s revenue was up 17.0% compared to the same quarter last year. Equities research analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Insider Transactions at Intapp

In other Intapp news, COO Donald F. Coleman sold 17,748 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total value of $1,052,456.40. Following the sale, the chief operating officer now directly owns 695,498 shares in the company, valued at $41,243,031.40. This represents a 2.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thad Jampol sold 20,174 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total transaction of $1,196,318.20. Following the completion of the transaction, the insider now directly owns 803,400 shares of the company’s stock, valued at approximately $47,641,620. The trade was a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 324,169 shares of company stock valued at $17,324,335 over the last three months. Company insiders own 13.02% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on INTA. JPMorgan Chase & Co. lifted their target price on shares of Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Citigroup lifted their price target on Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Stifel Nicolaus upped their price objective on Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Barclays lifted their target price on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Finally, Truist Financial restated a “buy” rating and set a $55.00 price target (up previously from $47.00) on shares of Intapp in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.55.

Intapp Company Profile

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.