Intapp, Inc. (NASDAQ:INTA) Shares Sold by State Street Corp

State Street Corp cut its stake in shares of Intapp, Inc. (NASDAQ:INTA) by 0.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 978,421 shares of the company’s stock after selling 3,257 shares during the period. State Street Corp’s holdings in Intapp were worth $46,798,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INTA. Praesidium Investment Management Company LLC raised its stake in shares of Intapp by 15.3% during the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock valued at $92,316,000 after purchasing an additional 256,327 shares during the period. HighTower Advisors LLC purchased a new stake in Intapp during the 3rd quarter worth $2,097,000. Bamco Inc. NY lifted its holdings in Intapp by 1.2% in the 3rd quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock worth $136,337,000 after buying an additional 34,409 shares in the last quarter. Scopia Capital Management LP purchased a new position in Intapp in the 3rd quarter valued at about $4,910,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Intapp during the third quarter valued at about $215,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Insider Transactions at Intapp

In other Intapp news, insider Michele Murgel sold 1,252 shares of Intapp stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $50.00, for a total transaction of $62,600.00. Following the sale, the insider now owns 152,702 shares of the company’s stock, valued at $7,635,100. The trade was a 0.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John T. Hall sold 70,986 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $68.83, for a total value of $4,885,966.38. Following the transaction, the chief executive officer now owns 5,026,096 shares of the company’s stock, valued at $345,946,187.68. This trade represents a 1.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 441,194 shares of company stock worth $26,470,383. Insiders own 13.02% of the company’s stock.

Intapp Stock Up 0.3 %

Shares of INTA stock opened at $64.61 on Friday. The company has a market cap of $5.00 billion, a P/E ratio of -222.79 and a beta of 0.74. The business has a 50 day moving average of $57.95 and a two-hundred day moving average of $46.04. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $71.34.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The firm had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. During the same period in the prior year, the business earned ($0.20) EPS. The firm’s revenue was up 17.0% on a year-over-year basis. Analysts expect that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on INTA shares. Piper Sandler reiterated an “overweight” rating and issued a $60.00 price target (up previously from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Stifel Nicolaus increased their target price on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday. Raymond James lifted their price target on shares of Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their price objective on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, Truist Financial boosted their target price on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Intapp has a consensus rating of “Moderate Buy” and a consensus target price of $60.64.

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.