Zurcher Kantonalbank Zurich Cantonalbank Buys 2,190 Shares of Intapp, Inc. (NASDAQ:INTA)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Intapp, Inc. (NASDAQ:INTA) by 18.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,854 shares of the company’s stock after acquiring an additional 2,190 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Intapp were worth $888,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. purchased a new position in Intapp during the fourth quarter worth about $291,000. FORA Capital LLC purchased a new position in shares of Intapp in the 3rd quarter worth approximately $566,000. Loomis Sayles & Co. L P boosted its stake in shares of Intapp by 29.9% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after buying an additional 343,275 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of Intapp in the fourth quarter valued at approximately $305,000. Finally, Barclays PLC increased its position in shares of Intapp by 90.1% during the third quarter. Barclays PLC now owns 106,781 shares of the company’s stock valued at $5,108,000 after acquiring an additional 50,607 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Intapp Price Performance

Shares of INTA stock opened at $60.23 on Friday. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of -207.68 and a beta of 0.76. The company’s fifty day simple moving average is $67.01 and its two-hundred day simple moving average is $59.51. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $77.74.

Intapp (NASDAQ:INTA) last released its quarterly earnings data 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 net margin of 4.78% and a negative return on equity of 1.86%. Equities research analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current year.

Insider Activity

In other news, CMO Scott Fitzgerald sold 2,086 shares of Intapp stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $64.54, for a total transaction of $134,630.44. Following the completion of the sale, the chief marketing officer now owns 47,517 shares in the company, valued at approximately $3,066,747.18. This trade represents a 4.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO David H. Morton, Jr. sold 5,445 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $374,779.35. Following the transaction, the chief financial officer now directly owns 38,996 shares of the company’s stock, valued at $2,684,094.68. The trade was a 12.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 182,865 shares of company stock worth $11,707,938 over the last ninety days. Company insiders own 13.02% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on INTA. UBS Group boosted 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. Stifel Nicolaus boosted their price target on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Barclays raised their price objective on shares of Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Citigroup reissued a “neutral” rating and set a $78.00 target price (down from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Four research 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 company currently has a consensus rating of “Moderate Buy” and an average price target of $66.45.

Intapp 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.