Oppenheimer Asset Management Inc. Trims Stake in Intapp, Inc. (NASDAQ:INTA)

Oppenheimer Asset Management Inc. lowered its stake in shares of Intapp, Inc. (NASDAQ:INTA) by 63.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,616 shares of the company’s stock after selling 9,771 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Intapp were worth $360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its position in shares of Intapp by 1.1% during the third quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company’s stock valued at $1,187,000 after buying an additional 264 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Intapp by 7.2% during the third quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company’s stock worth $265,000 after acquiring an additional 373 shares in the last quarter. Global Retirement Partners LLC bought a new stake in Intapp during the fourth quarter worth about $25,000. Raleigh Capital Management Inc. bought a new stake in Intapp during the fourth quarter worth about $25,000. Finally, Amalgamated Bank boosted its stake in Intapp by 30.0% during the fourth quarter. Amalgamated Bank now owns 1,819 shares of the company’s stock worth $117,000 after acquiring an additional 420 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on INTA. Barclays boosted their price objective on shares of Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Stifel Nicolaus upped their target price on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Truist Financial boosted their price objective on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a report on Friday, December 13th. Raymond James reissued a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Finally, UBS Group boosted their price objective on shares of Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.45.

Insider Transactions at Intapp

In other news, COO Donald F. Coleman sold 7,753 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer now owns 421,733 shares in the company, valued at approximately $27,218,647.82. This trade represents a 1.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Benjamin Harrison sold 22,373 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $68.87, for a total transaction of $1,540,828.51. The disclosure for this sale can be found here. In the last quarter, insiders sold 259,109 shares of company stock worth $17,479,381. 13.02% of the stock is currently owned by insiders.

Intapp Stock Down 6.4 %

INTA stock opened at $61.04 on Friday. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $77.74. The company has a fifty day simple moving average of $67.87 and a two-hundred day simple moving average of $58.45. The firm has a market capitalization of $4.85 billion, a P/E ratio of -210.48 and a beta of 0.74.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. As a group, 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.