Sanctuary Advisors LLC Acquires Shares of 4,989 Intapp, Inc. (NASDAQ:INTA)

Sanctuary Advisors LLC bought a new stake in Intapp, Inc. (NASDAQ:INTA) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,989 shares of the company’s stock, valued at approximately $239,000.

Several other large investors also recently modified their holdings of INTA. Farther Finance Advisors LLC boosted its holdings in Intapp by 1,054.0% during the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after purchasing an additional 527 shares during the last quarter. Quest Partners LLC acquired a new position in Intapp in the 3rd quarter valued at about $54,000. Financial Management Professionals Inc. acquired a new stake in Intapp during the 3rd quarter worth approximately $57,000. Advisors Asset Management Inc. increased its position in Intapp by 59.1% during the third quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock worth $67,000 after acquiring an additional 519 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Intapp by 147.0% in the third quarter. Blue Trust Inc. now owns 2,139 shares of the company’s stock valued at $102,000 after buying an additional 1,273 shares during the period. 89.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on INTA. Stifel Nicolaus raised their target price on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Barclays upped their target price on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Citigroup raised their target price on Intapp from $63.00 to $87.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Raymond James raised their target price on Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, Piper Sandler reissued an “overweight” rating and set a $60.00 target price (up from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $60.64.

Intapp Trading Down 3.2 %

Shares of INTA opened at $65.85 on Monday. The company has a market cap of $5.10 billion, a price-to-earnings ratio of -227.07 and a beta of 0.74. The business’s fifty day simple moving average is $59.96 and its two-hundred day simple moving average is $47.50. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $71.34.

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

Insiders Place Their Bets

In related news, CEO John T. Hall sold 70,986 shares of Intapp stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $68.83, for a total transaction of $4,885,966.38. Following the completion of the sale, the chief executive officer now owns 5,026,096 shares in the company, valued at $345,946,187.68. This trade represents a 1.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David Benjamin Harrison sold 22,373 shares of Intapp stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $68.87, for a total value of $1,540,828.51. The disclosure for this sale can be found here. Insiders have sold a total of 409,624 shares of company stock valued at $24,909,164 in the last quarter. 13.02% of the stock is currently owned by 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.