Charles Schwab Investment Management Inc. Has $18.22 Million Stock Holdings in Intapp, Inc. (NASDAQ:INTA)

Charles Schwab Investment Management Inc. boosted its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 17.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 380,972 shares of the company's stock after purchasing an additional 57,497 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.49% of Intapp worth $18,222,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in shares of Intapp by 1,054.0% in 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 period. J.Safra Asset Management Corp grew its holdings in Intapp by 634.0% in the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company's stock valued at $26,000 after buying an additional 615 shares during the last quarter. Blue Trust Inc. bought a new position in Intapp in the 2nd quarter worth approximately $30,000. Quest Partners LLC acquired a new position in shares of Intapp during the third quarter worth approximately $54,000. Finally, Financial Management Professionals Inc. bought a new stake in shares of Intapp in the third quarter valued at approximately $57,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Insider Transactions at Intapp

In other news, COO Donald F. Coleman sold 58,003 shares of Intapp stock in a transaction on Friday, September 20th. The stock was sold at an average price of $49.31, for a total value of $2,860,127.93. Following the completion of the sale, the chief operating officer now directly owns 668,239 shares of the company's stock, valued at approximately $32,950,865.09. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thad Jampol sold 31,666 shares of the business's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $49.09, for a total value of $1,554,483.94. Following the sale, the insider now owns 772,412 shares of the company's stock, valued at approximately $37,917,705.08. The trade was a 3.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 403,215 shares of company stock worth $22,106,070. Insiders own 13.02% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on INTA shares. UBS Group upped their target price on shares of Intapp from $49.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. Barclays upped 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. Truist Financial reiterated a "buy" rating and issued a $55.00 target price (up previously from $47.00) on shares of Intapp in a research note on Tuesday, November 5th. Stifel Nicolaus boosted their price target on Intapp from $45.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, September 23rd. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $60.00 price target (up previously from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $53.55.

Intapp Stock Performance

Shares of NASDAQ:INTA traded down $0.50 on Friday, hitting $66.46. The stock had a trading volume of 406,084 shares, compared to its average volume of 514,975. The firm's 50 day moving average price is $54.26 and its 200-day moving average price is $44.12. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $68.78. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of -229.17 and a beta of 0.74.

Intapp (NASDAQ:INTA - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.08. The firm had revenue of $118.81 million for 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%. The company's revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.20) earnings per share. As a group, sell-side analysts predict that Intapp, Inc. will post -0.14 EPS for the current 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.