Corient Private Wealth LLC Trims Position in Intapp, Inc. (NASDAQ:INTA)

Corient Private Wealth LLC decreased its stake in shares of Intapp, Inc. (NASDAQ:INTA) by 14.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,506 shares of the company’s stock after selling 5,196 shares during the quarter. Corient Private Wealth LLC’s holdings in Intapp were worth $1,955,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in INTA. Natixis Advisors LLC bought a new stake in Intapp during the 3rd quarter valued at $1,471,000. Quest Partners LLC purchased a new stake in Intapp in the third quarter worth about $54,000. Advisors Asset Management Inc. grew its holdings in Intapp by 59.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock worth $67,000 after acquiring an additional 519 shares in the last quarter. Intech Investment Management LLC purchased a new position in Intapp during the 3rd quarter valued at about $488,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Intapp by 17.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 380,972 shares of the company’s stock valued at $18,222,000 after purchasing an additional 57,497 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Intapp Stock Up 1.1 %

Shares of Intapp stock opened at $61.62 on Tuesday. The company has a 50 day moving average price of $66.81 and a 200 day moving average price of $59.96. The firm has a market capitalization of $4.89 billion, a P/E ratio of -212.48 and a beta of 0.76. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $77.74.

Intapp (NASDAQ:INTA) last posted 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%. As a group, research analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, 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 sale, the chief financial officer now owns 38,996 shares in the company, valued at $2,684,094.68. This represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michele Murgel sold 7,531 shares of the firm’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 transaction of $518,358.73. Following the transaction, the insider now directly owns 223,945 shares of the company’s stock, valued at $15,414,134.35. This represents a 3.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 184,827 shares of company stock valued at $11,825,658. 13.02% of the stock is owned by company insiders.

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.