Intapp, Inc. (NASDAQ:INTA) Position Increased by Fmr LLC

Fmr LLC increased its stake in shares of Intapp, Inc. (NASDAQ:INTA) by 7.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,658,957 shares of the company’s stock after buying an additional 411,434 shares during the quarter. Fmr LLC owned about 7.31% of Intapp worth $270,668,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in INTA. J.Safra Asset Management Corp grew its position in shares of Intapp by 634.0% during the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after acquiring an additional 615 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Intapp by 1,054.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 527 shares during the period. Blue Trust Inc. bought a new position in Intapp in the 2nd quarter worth about $30,000. Comerica Bank increased its stake in shares of Intapp by 218.4% in the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after purchasing an additional 865 shares during the period. Finally, Quest Partners LLC bought a new stake in shares of Intapp during the third quarter valued at approximately $54,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Stifel Nicolaus increased their price objective on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Barclays raised their price target on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 price objective (up previously from $46.00) on shares of Intapp in a report on Tuesday, November 5th. UBS Group increased their target price on shares of Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Citigroup boosted their price target on shares of Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $53.55.

Insider Buying and Selling

In other Intapp news, insider Thad Jampol sold 20,000 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $45.09, for a total transaction of $901,800.00. Following the completion of the sale, the insider now directly owns 772,412 shares of the company’s stock, valued at approximately $34,828,057.08. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Scott Fitzgerald sold 5,221 shares of Intapp stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total transaction of $309,605.30. Following the completion of the transaction, the chief marketing officer now directly owns 46,552 shares in the company, valued at approximately $2,760,533.60. This trade represents a 10.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 390,215 shares of company stock worth $21,267,180 in the last three months. 13.02% of the stock is currently owned by insiders.

Intapp Price Performance

Shares of INTA opened at $62.55 on Monday. The firm’s 50 day moving average is $52.58 and its 200-day moving average is $43.15. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $64.56. The stock has a market capitalization of $4.84 billion, a P/E ratio of -215.69 and a beta of 0.64.

Intapp (NASDAQ:INTA) last issued its earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The firm had revenue of $118.81 million during the quarter, compared to analysts’ expectations of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.20) earnings per share. As a group, equities research analysts forecast 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.