Intapp, Inc. (NASDAQ:INTA) Stock Position Lifted by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its stake in Intapp, Inc. (NASDAQ:INTA) by 10.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,699 shares of the company’s stock after buying an additional 736 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Intapp were worth $493,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of INTA. Vanguard Group Inc. increased its stake in shares of Intapp by 11.8% in the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock worth $408,139,000 after acquiring an additional 672,832 shares during the last quarter. Geode Capital Management LLC grew its stake in Intapp by 9.9% in the third quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock valued at $50,291,000 after purchasing an additional 95,035 shares in the last quarter. Wellington Management Group LLP increased its position in Intapp by 1.0% in the 3rd quarter. Wellington Management Group LLP now owns 995,747 shares of the company’s stock worth $47,627,000 after purchasing an additional 10,214 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in shares of Intapp by 36.4% during the 4th quarter. Artisan Partners Limited Partnership now owns 906,858 shares of the company’s stock worth $58,121,000 after purchasing an additional 241,862 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Intapp by 92.3% during the 4th quarter. Prudential Financial Inc. now owns 669,277 shares of the company’s stock valued at $42,894,000 after buying an additional 321,329 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Intapp Stock Down 4.4 %

Shares of NASDAQ INTA opened at $50.01 on Wednesday. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $77.74. The company has a market cap of $3.97 billion, a P/E ratio of -172.44 and a beta of 0.82. The business’s 50 day moving average is $63.93 and its two-hundred day moving average is $60.77.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, February 4th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. Sell-side analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Thad Jampol sold 112,928 shares of Intapp stock in a transaction that occurred on 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 sale, the insider now owns 857,250 shares of the company’s stock, valued at approximately $50,809,207.50. This trade represents a 11.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michele Murgel sold 7,531 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $518,358.73. Following the completion of the transaction, the insider now owns 223,945 shares of the company’s stock, valued at $15,414,134.35. The trade was a 3.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 274,755 shares of company stock valued at $17,088,761 over the last three months. 13.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on INTA. Truist Financial increased their price objective on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Citigroup restated a “neutral” rating and set a $78.00 price target (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Piper Sandler reaffirmed an “overweight” rating and issued a $71.00 price objective (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Stifel Nicolaus increased their target price on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, UBS Group boosted their price target on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.45.

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.