Johnson Financial Group Inc. Raises Stock Position in Intapp, Inc. (NASDAQ:INTA)

Johnson Financial Group Inc. boosted its position in shares of Intapp, Inc. (NASDAQ:INTA) by 273.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 826 shares of the company’s stock after acquiring an additional 605 shares during the period. Johnson Financial Group Inc.’s holdings in Intapp were worth $53,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Intapp by 11.8% during the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock valued at $408,139,000 after acquiring an additional 672,832 shares in the last quarter. Invesco Ltd. grew its stake in Intapp by 6,506.1% in the 4th quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock worth $126,931,000 after buying an additional 1,950,526 shares in the last quarter. Capital World Investors grew its stake in Intapp by 30.3% in the 4th quarter. Capital World Investors now owns 1,701,939 shares of the company’s stock worth $109,077,000 after buying an additional 395,804 shares in the last quarter. Alliancebernstein L.P. grew its stake in Intapp by 4.0% in the 4th quarter. Alliancebernstein L.P. now owns 1,654,866 shares of the company’s stock worth $106,060,000 after buying an additional 63,443 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Intapp by 18.6% in the 4th quarter. Geode Capital Management LLC now owns 1,247,247 shares of the company’s stock worth $79,953,000 after buying an additional 196,010 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Insider Transactions at Intapp

In related news, insider Thad Jampol sold 112,928 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $59.27, for a total value of $6,693,242.56. Following the completion of the transaction, the insider now directly owns 857,250 shares in the company, valued at $50,809,207.50. The trade was a 11.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David H. Morton, Jr. sold 5,445 shares of the business’s 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 transaction, the chief financial officer now owns 38,996 shares of the company’s stock, valued at approximately $2,684,094.68. The trade was a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 274,755 shares of company stock valued at $17,088,761 in the last ninety days. 13.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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 previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Truist Financial cut their price target on shares of Intapp from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Barclays cut their price target on shares of Intapp from $68.00 to $60.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Citigroup reiterated a “neutral” rating on shares of Intapp in a research report on Monday, April 21st. Finally, UBS Group lifted their price objective 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 company’s stock. According to MarketBeat.com, Intapp presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.91.

Intapp Stock Down 0.5 %

Shares of INTA opened at $54.10 on Tuesday. The business’s 50 day moving average price is $58.20 and its 200-day moving average price is $61.31. Intapp, Inc. has a 52 week low of $30.42 and a 52 week high of $77.74. The stock has a market cap of $4.30 billion, a P/E ratio of -186.55 and a beta of 0.82.

Intapp (NASDAQ:INTA) last issued its quarterly 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, equities analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current year.

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.