LPL Financial LLC Has $1.33 Million Stock Position in Intapp, Inc. (NASDAQ:INTA)

LPL Financial LLC increased its holdings in Intapp, Inc. (NASDAQ:INTA) by 16.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,706 shares of the company’s stock after purchasing an additional 2,925 shares during the period. LPL Financial LLC’s holdings in Intapp were worth $1,327,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Raleigh Capital Management Inc. acquired a new position in Intapp during the 4th quarter worth $25,000. Global Retirement Partners LLC bought a new stake in Intapp in the fourth quarter valued at about $25,000. SBI Securities Co. Ltd. acquired a new stake in Intapp in the 4th quarter valued at $32,000. Wilmington Savings Fund Society FSB bought a new position in Intapp during the 3rd quarter valued at about $64,000. Finally, OFI Invest Asset Management bought a new stake in Intapp during the 4th quarter worth approximately $102,000. 89.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Truist Financial decreased their price target on shares of Intapp from $80.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday. 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. Citigroup reiterated a “neutral” rating and set a $78.00 price objective (down from $87.00) on shares of Intapp in a report on Thursday, January 16th. Raymond James restated a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $71.00 price target (up from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $64.91.

Insider Activity at Intapp

In other news, CEO John T. Hall sold 33,227 shares of Intapp stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $2,287,014.41. Following the completion of the transaction, the chief executive officer now directly owns 5,258,576 shares in the company, valued at approximately $361,947,786.08. This trade represents a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thad Jampol sold 112,928 shares of Intapp stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $59.27, for a total transaction of $6,693,242.56. Following the completion of the transaction, the insider now directly owns 857,250 shares of the company’s stock, valued at $50,809,207.50. This trade represents a 11.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 274,755 shares of company stock valued at $17,088,761. Corporate insiders own 13.02% of the company’s stock.

Intapp Trading Up 0.5 %

Shares of INTA opened at $51.51 on Friday. The company has a market capitalization of $4.09 billion, a PE ratio of -177.61 and a beta of 0.82. The stock’s 50-day moving average price is $60.66 and its two-hundred day moving average price is $60.88. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $77.74.

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%. Equities research analysts predict that Intapp, Inc. will post -0.14 EPS for the current fiscal 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.