Artisan Partners Limited Partnership Raises Holdings in Intapp, Inc. (NASDAQ:INTA)

Artisan Partners Limited Partnership lifted its position in Intapp, Inc. (NASDAQ:INTA - Free Report) by 36.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 906,858 shares of the company's stock after buying an additional 241,862 shares during the period. Artisan Partners Limited Partnership owned about 1.14% of Intapp worth $58,121,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Global Retirement Partners LLC bought a new position in Intapp in the 4th quarter valued at approximately $25,000. Raleigh Capital Management Inc. bought a new position in shares of Intapp during the fourth quarter valued at $25,000. SBI Securities Co. Ltd. purchased a new stake in shares of Intapp during the fourth quarter valued at $32,000. Quest Partners LLC bought a new stake in Intapp in the 3rd quarter worth about $54,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Intapp in the 3rd quarter worth about $64,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Intapp Price Performance

Shares of NASDAQ:INTA traded up $1.06 during mid-day trading on Tuesday, reaching $59.44. 440,576 shares of the company traded hands, compared to its average volume of 648,660. The company's 50 day moving average price is $66.02 and its 200-day moving average price is $60.66. The firm has a market cap of $4.72 billion, a PE ratio of -204.96 and a beta of 0.76. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $77.74.

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

Insiders Place Their Bets

In other news, CFO David H. Morton, Jr. sold 5,445 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $374,779.35. Following the completion of the transaction, the chief financial officer now owns 38,996 shares of the company's stock, valued at $2,684,094.68. This represents a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michele Murgel sold 1,962 shares of the stock in a transaction dated Wednesday, March 19th. The stock was 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 of the company's stock, valued at $10,947,720. This represents a 1.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 184,827 shares of company stock worth $11,825,658. Corporate insiders own 13.02% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on INTA shares. Truist Financial raised their price target on shares of Intapp from $55.00 to $77.00 and gave the company a "buy" rating in a report on Friday, December 13th. JPMorgan Chase & Co. lifted their target price 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. Citigroup reiterated a "neutral" rating and set a $78.00 target price (down from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Barclays raised their price target on Intapp from $63.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Finally, UBS Group upped their price objective on Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.45.

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.