Intapp, Inc. (NASDAQ:INTA) Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. trimmed its stake in Intapp, Inc. (NASDAQ:INTA) by 26.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,129 shares of the company’s stock after selling 2,506 shares during the period. Fox Run Management L.L.C.’s holdings in Intapp were worth $457,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Natixis Advisors LLC purchased a new stake in Intapp in the third quarter valued at approximately $1,471,000. Quest Partners LLC acquired a new position in Intapp during the 3rd quarter worth about $54,000. Advisors Asset Management Inc. lifted its stake in Intapp by 59.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock worth $67,000 after acquiring an additional 519 shares in the last quarter. Intech Investment Management LLC purchased a new position in Intapp during the 3rd quarter valued at about $488,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Intapp by 17.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 380,972 shares of the company’s stock worth $18,222,000 after purchasing an additional 57,497 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Intapp Stock Performance

Shares of NASDAQ INTA opened at $64.18 on Wednesday. The stock’s 50-day simple moving average is $66.77 and its 200-day simple moving average is $60.11. The firm has a market capitalization of $5.10 billion, a PE ratio of -221.30 and a beta of 0.76. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $77.74.

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

Analyst Upgrades and Downgrades

INTA has been the subject of several recent research reports. Stifel Nicolaus raised their price objective on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Barclays raised their price target on shares of Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Citigroup reiterated a “neutral” rating and issued a $78.00 target price (down from $87.00) on shares of Intapp in a report on Thursday, January 16th. Raymond James restated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Finally, UBS Group upped their price target on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.45.

Insider Activity at Intapp

In other news, CFO David H. Morton, Jr. sold 5,445 shares of Intapp stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $374,779.35. Following the sale, the chief financial officer now owns 38,996 shares in the company, valued at approximately $2,684,094.68. The trade was a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thad Jampol sold 20,000 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $61.85, for a total value of $1,237,000.00. Following the completion of the sale, the insider now directly owns 828,197 shares of the company’s stock, valued at $51,223,984.45. The trade was a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 184,827 shares of company stock valued at $11,825,658 over the last ninety days. Insiders own 13.02% of the company’s stock.

Intapp 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.