Intech Investment Management LLC Buys 6,729 Shares of Intapp, Inc. (NASDAQ:INTA)

Intech Investment Management LLC increased its stake in Intapp, Inc. (NASDAQ:INTA) by 66.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 16,930 shares of the company’s stock after acquiring an additional 6,729 shares during the period. Intech Investment Management LLC’s holdings in Intapp were worth $1,085,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of INTA. Natixis Advisors LLC bought a new position in Intapp in the third quarter worth about $1,471,000. Quest Partners LLC bought a new position in Intapp in the third quarter worth about $54,000. Advisors Asset Management Inc. raised its stake in Intapp by 59.1% in the third quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock worth $67,000 after buying an additional 519 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Intapp by 17.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 380,972 shares of the company’s stock worth $18,222,000 after buying an additional 57,497 shares in the last quarter. Finally, Algert Global LLC bought a new position in Intapp in the third quarter worth about $468,000. 89.96% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Intapp news, insider Michele Murgel sold 1,962 shares of Intapp stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $60.00, for a total value of $117,720.00. Following the completion of the sale, the insider now owns 182,462 shares of the company’s stock, valued at approximately $10,947,720. The trade was a 1.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David H. Morton, Jr. sold 5,445 shares of Intapp stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $374,779.35. Following the completion of the sale, the chief financial officer now directly owns 38,996 shares of the company’s stock, valued at approximately $2,684,094.68. This trade represents a 12.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 184,827 shares of company stock valued at $11,825,658. Company insiders own 13.02% of the company’s stock.

Intapp Stock Up 1.2 %

Shares of INTA opened at $60.95 on Friday. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $77.74. The firm has a 50 day moving average of $66.88 and a 200 day moving average of $59.72. The company has a market capitalization of $4.84 billion, a P/E ratio of -210.17 and a beta of 0.76.

Intapp (NASDAQ:INTA) last posted its earnings results on Tuesday, February 4th. The company reported ($0.08) EPS 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 expect that Intapp, Inc. will post -0.14 EPS for the current year.

Analyst Upgrades and Downgrades

INTA has been the subject of a number of research reports. Piper Sandler reissued an “overweight” rating and issued a $71.00 price target (up from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Barclays raised their target price on shares of Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Stifel Nicolaus raised their target price 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. Finally, Citigroup reaffirmed a “neutral” rating and set a $78.00 target price (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Four 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, Intapp presently has an average rating of “Moderate Buy” and a consensus target price of $66.45.

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.