Intapp, Inc. (NASDAQ:INTA) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers raised its holdings in Intapp, Inc. (NASDAQ:INTA) by 36.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,141 shares of the company’s stock after purchasing an additional 19,359 shares during the quarter. Rhumbline Advisers’ holdings in Intapp were worth $4,688,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in INTA. Raleigh Capital Management Inc. acquired a new stake in shares of Intapp during the fourth quarter worth $25,000. Farther Finance Advisors LLC lifted its stake in shares of Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after acquiring an additional 527 shares during the period. Quest Partners LLC purchased a new stake in shares of Intapp in the third quarter valued at about $54,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Intapp during the third quarter worth about $64,000. Finally, Advisors Asset Management Inc. raised its holdings in Intapp by 59.1% during the third quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock worth $67,000 after purchasing an additional 519 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Intapp

In other news, insider David Benjamin Harrison sold 22,373 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $68.87, for a total transaction of $1,540,828.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Donald F. Coleman sold 7,753 shares of Intapp stock in a transaction on Monday, February 24th. The shares were sold at an average price of $64.54, for a total value of $500,378.62. Following the completion of the transaction, the chief operating officer now owns 421,733 shares in the company, valued at $27,218,647.82. The trade was a 1.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 272,109 shares of company stock worth $18,318,271 over the last ninety days. 13.02% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. UBS Group lifted their price objective on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Truist Financial raised their target price on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a report on Friday, December 13th. Barclays increased their price target on shares of Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Finally, Piper Sandler reissued an “overweight” rating and set a $71.00 price objective (up previously from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.45.

Intapp Stock Performance

INTA stock opened at $64.58 on Friday. The stock’s 50 day moving average price is $68.10 and its 200 day moving average price is $57.53. The firm has a market cap of $5.13 billion, a P/E ratio of -222.68 and a beta of 0.74. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $77.74.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data 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 net margin of 4.78% and a negative return on equity of 1.86%. On average, research analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current year.

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.