Intapp, Inc. (NASDAQ:INTA) Stake Trimmed by Stifel Financial Corp

Stifel Financial Corp cut its position in shares of Intapp, Inc. (NASDAQ:INTA) by 4.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 13,519 shares of the company’s stock after selling 595 shares during the period. Stifel Financial Corp’s holdings in Intapp were worth $647,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in shares of Intapp by 8.0% during the second quarter. Bank of New York Mellon Corp now owns 145,205 shares of the company’s stock valued at $5,325,000 after acquiring an additional 10,789 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Intapp by 99.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,813 shares of the company’s stock valued at $397,000 after purchasing an additional 5,394 shares during the period. F M Investments LLC acquired a new stake in Intapp during the 2nd quarter valued at $7,006,000. nVerses Capital LLC acquired a new stake in Intapp during the 2nd quarter valued at $147,000. Finally, Rhumbline Advisers boosted its position in shares of Intapp by 9.6% in the second quarter. Rhumbline Advisers now owns 54,656 shares of the company’s stock worth $2,004,000 after buying an additional 4,794 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Stifel Nicolaus upped their price target on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Piper Sandler reiterated an “overweight” rating and issued a $60.00 target price (up previously from $46.00) on shares of Intapp in a report on Tuesday, November 5th. JPMorgan Chase & Co. increased their price target on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Barclays boosted their price objective on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Finally, Truist Financial increased 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $60.64.

Intapp Stock Up 1.8 %

NASDAQ INTA opened at $66.06 on Thursday. The stock has a market capitalization of $5.11 billion, a PE ratio of -227.79 and a beta of 0.74. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $71.34. The company has a 50 day moving average price of $59.28 and a two-hundred day moving average price of $46.98.

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

Insider Activity

In related news, CEO John T. Hall sold 44,009 shares of the 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 $2,609,733.70. Following the completion of the sale, the chief executive officer now owns 5,093,692 shares in the company, valued at $302,055,935.60. This represents a 0.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David Benjamin Harrison sold 22,373 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $68.87, for a total transaction of $1,540,828.51. The disclosure for this sale can be found here. In the last quarter, insiders have sold 409,624 shares of company stock valued at $24,909,164. Insiders own 13.02% of the company’s stock.

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.