Barclays PLC Grows Holdings in Intapp, Inc. (NASDAQ:INTA)

Barclays PLC grew its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 90.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,781 shares of the company's stock after acquiring an additional 50,607 shares during the quarter. Barclays PLC owned about 0.14% of Intapp worth $5,108,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Farther Finance Advisors LLC grew its position in Intapp by 1,054.0% during the 3rd 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. Blue Trust Inc. purchased a new position in Intapp in the 2nd quarter worth $30,000. Quest Partners LLC purchased a new position in Intapp in the 3rd quarter worth $54,000. Financial Management Professionals Inc. acquired a new stake in Intapp during the 3rd quarter worth about $57,000. Finally, Advisors Asset Management Inc. grew its stake in Intapp by 59.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company's stock valued at $67,000 after purchasing an additional 519 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO John T. Hall sold 70,986 shares of the business's 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 transaction, the chief executive officer now owns 5,026,096 shares of the company's stock, valued at approximately $345,946,187.68. The trade was a 1.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michele Murgel sold 1,252 shares of the firm's stock in a transaction dated 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 approximately $7,635,100. The trade was a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 441,194 shares of company stock worth $26,470,383 over the last three months. Insiders own 13.02% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Stifel Nicolaus lifted their target price on Intapp from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Wednesday. Barclays lifted their price objective on shares of Intapp from $44.00 to $48.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 5th. Piper Sandler reiterated an "overweight" rating and issued a $60.00 price objective (up previously from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Citigroup boosted their target price on shares of Intapp from $63.00 to $87.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Finally, 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 report on Monday, December 9th. Two investment 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.com, the company presently has an average rating of "Moderate Buy" and an average target price of $60.64.

Intapp Price Performance

INTA stock traded up $0.58 during trading on Friday, hitting $65.19. The stock had a trading volume of 3,167,041 shares, compared to its average volume of 651,024. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $71.34. The company's 50-day moving average price is $58.30 and its two-hundred day moving average price is $46.25. The stock has a market capitalization of $5.04 billion, a P/E ratio of -224.79 and a beta of 0.74.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share (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 for the quarter, compared to analyst estimates of $117.88 million. During the same period in the previous year, the company posted ($0.20) earnings per share. The business's revenue was up 17.0% on a year-over-year basis. As a group, sell-side analysts expect that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

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.