Stifel Financial Corp Reduces Stake in Intapp, Inc. (NASDAQ:INTA)

Stifel Financial Corp trimmed its position in shares of Intapp, Inc. (NASDAQ:INTA) by 5.9% during the fourth quarter, Holdings Channel reports. The firm owned 12,718 shares of the company’s stock after selling 801 shares during the quarter. Stifel Financial Corp’s holdings in Intapp were worth $815,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of INTA. Victory Capital Management Inc. lifted its stake in Intapp by 2.0% in the 4th quarter. Victory Capital Management Inc. now owns 8,652 shares of the company’s stock valued at $555,000 after buying an additional 171 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Intapp by 8.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company’s stock valued at $190,000 after acquiring an additional 239 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Intapp during the fourth quarter valued at $25,000. Raleigh Capital Management Inc. purchased a new stake in Intapp during the 4th quarter worth about $25,000. Finally, Amalgamated Bank increased its position in Intapp by 30.0% during the 4th quarter. Amalgamated Bank now owns 1,819 shares of the company’s stock worth $117,000 after purchasing an additional 420 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insider Activity at Intapp

In related news, insider Michele Murgel sold 1,962 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $60.00, for a total transaction of $117,720.00. Following the sale, the insider now directly owns 182,462 shares in the company, valued at approximately $10,947,720. This trade represents a 1.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO David H. Morton, Jr. sold 5,445 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $374,779.35. Following the completion of the transaction, the chief financial officer now owns 38,996 shares of the company’s stock, valued at approximately $2,684,094.68. This represents a 12.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 279,755 shares of company stock worth $17,372,011. 13.02% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on INTA shares. Barclays reduced their target price on shares of Intapp from $68.00 to $60.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Piper Sandler decreased their target price on shares of Intapp from $71.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday. Truist Financial cut their price target on Intapp from $80.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Citigroup restated a “neutral” rating on shares of Intapp in a report on Monday, April 21st. Finally, Stifel Nicolaus dropped their target price on Intapp from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.89.

Intapp Price Performance

Intapp stock opened at $53.86 on Friday. The company has a market cap of $4.36 billion, a price-to-earnings ratio of -185.72 and a beta of 0.84. Intapp, Inc. has a 12 month low of $31.08 and a 12 month high of $77.74. The stock’s 50-day moving average is $56.39 and its 200-day moving average is $61.60.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. The firm had revenue of $129.07 million for the quarter, compared to analyst estimates of $128.84 million. During the same quarter last year, the firm posted $0.14 earnings per share. Intapp’s revenue for the quarter was up 16.7% compared to the same quarter last year. Research 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.