Amundi Purchases 12,032 Shares of Intapp, Inc. (NASDAQ:INTA)

Amundi boosted its holdings in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 58.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,596 shares of the company's stock after buying an additional 12,032 shares during the quarter. Amundi's holdings in Intapp were worth $2,065,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in INTA. Victory Capital Management Inc. grew its position in shares of Intapp by 2.0% in the fourth quarter. Victory Capital Management Inc. now owns 8,652 shares of the company's stock valued at $555,000 after purchasing an additional 171 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Intapp by 8.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company's stock worth $190,000 after purchasing an additional 239 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Intapp by 1.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company's stock worth $1,187,000 after purchasing an additional 264 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Intapp during the fourth quarter worth approximately $25,000. Finally, Raleigh Capital Management Inc. acquired a new stake in Intapp during the fourth quarter worth approximately $25,000. Institutional investors own 89.96% of the company's stock.

Insider Activity

In related news, insider Michele Murgel sold 1,962 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $60.00, for a total value of $117,720.00. Following the sale, the insider now owns 182,462 shares in the company, valued at $10,947,720. This represents a 1.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John T. Hall sold 33,227 shares of Intapp stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $2,287,014.41. Following the transaction, the chief executive officer now owns 5,258,576 shares of the company's stock, valued at $361,947,786.08. This trade represents a 0.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 184,827 shares of company stock worth $11,825,658 in the last quarter. 13.02% of the stock is owned by corporate insiders.

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Analyst Ratings Changes

INTA has been the topic of a number of recent analyst reports. Citigroup restated a "neutral" rating and issued a $78.00 price target (down previously from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Truist Financial raised their target price on Intapp from $55.00 to $77.00 and gave the company a "buy" rating in a report on Friday, December 13th. Barclays boosted their price target on Intapp from $63.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. Raymond James reaffirmed a "market perform" rating on shares of Intapp in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. boosted their target price on Intapp from $58.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $66.45.

Intapp Stock Performance

Shares of NASDAQ INTA traded up $0.72 during midday trading on Friday, reaching $60.95. The stock had a trading volume of 729,153 shares, compared to its average volume of 641,420. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $77.74. The company's 50 day moving average price is $67.01 and its 200 day moving average price is $59.51. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of -210.17 and a beta of 0.76.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. Equities analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Intapp 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.