Amundi Increases Position in Intapp, Inc. (NASDAQ:INTA)

Amundi grew its holdings in Intapp, Inc. (NASDAQ:INTA) by 58.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,596 shares of the company’s stock after purchasing an additional 12,032 shares during the quarter. Amundi’s holdings in Intapp were worth $2,065,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. increased its holdings in shares of Intapp by 2.0% in the fourth quarter. Victory Capital Management Inc. now owns 8,652 shares of the company’s stock valued at $555,000 after purchasing an additional 171 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Intapp by 8.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company’s stock valued at $190,000 after buying an additional 239 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Intapp by 1.1% in the 3rd 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 in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Intapp in the 4th quarter worth $25,000. Finally, Raleigh Capital Management Inc. purchased a new position in shares of Intapp during the 4th quarter worth $25,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Truist Financial upped 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. Citigroup reissued a “neutral” rating and issued a $78.00 price target (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Stifel Nicolaus lifted their price target on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. UBS Group increased their price objective on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, Raymond James restated a “market perform” rating on shares of Intapp in a research report on Friday, January 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.45.

Insider Buying and Selling at Intapp

In other Intapp news, insider Thad Jampol sold 20,000 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $57.15, for a total value of $1,143,000.00. Following the sale, the insider now owns 857,250 shares of the company’s stock, valued at $48,991,837.50. This trade represents a 2.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Scott Fitzgerald sold 3,000 shares of Intapp stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $64.38, for a total value of $193,140.00. Following the completion of the transaction, the chief marketing officer now owns 39,212 shares of the company’s stock, valued at $2,524,468.56. The trade was a 7.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 159,461 shares of company stock valued at $10,300,656 in the last 90 days. Company insiders own 13.02% of the company’s stock.

Intapp Trading Up 1.3 %

Shares of NASDAQ INTA opened at $60.03 on Tuesday. The stock has a fifty day simple moving average of $67.19 and a 200-day simple moving average of $59.41. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $77.74. The stock has a market capitalization of $4.77 billion, a PE ratio of -206.99 and a beta of 0.76.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (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 predict that Intapp, Inc. will post -0.14 earnings per share 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.