Cibc World Markets Corp Buys Shares of 4,990 Intapp, Inc. (NASDAQ:INTA)

Cibc World Markets Corp bought a new stake in Intapp, Inc. (NASDAQ:INTA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 4,990 shares of the company's stock, valued at approximately $320,000.

Several other large investors have also modified their holdings of INTA. Raleigh Capital Management Inc. bought a new position in Intapp during the 4th quarter worth approximately $25,000. Global Retirement Partners LLC acquired a new stake in Intapp during the fourth quarter worth about $25,000. SBI Securities Co. Ltd. bought a new position in Intapp in the fourth quarter worth about $32,000. Quest Partners LLC acquired a new position in Intapp in the third quarter valued at approximately $54,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Intapp during the third quarter valued at approximately $64,000. Institutional investors own 89.96% of the company's stock.

Intapp Stock Down 2.7 %

Intapp stock traded down $1.68 during mid-day trading on Friday, hitting $59.91. The company's stock had a trading volume of 348,337 shares, compared to its average volume of 646,755. The stock has a market capitalization of $4.76 billion, a P/E ratio of -206.58 and a beta of 0.76. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $77.74. The stock's fifty day moving average price is $66.57 and its two-hundred day moving average price is $60.13.

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

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Insider Activity at Intapp

In other news, insider Michele Murgel sold 1,962 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $60.00, for a total value of $117,720.00. Following the completion of the sale, the insider now directly owns 182,462 shares of the company's stock, valued at $10,947,720. This represents a 1.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John T. Hall sold 33,227 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $2,287,014.41. Following the completion of the transaction, the chief executive officer now owns 5,258,576 shares in the company, valued at approximately $361,947,786.08. This represents a 0.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 184,827 shares of company stock valued at $11,825,658. Company insiders own 13.02% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Barclays upped their price objective on Intapp from $63.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Truist Financial lifted their price objective on shares of Intapp from $55.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Stifel Nicolaus upped their target price on shares of Intapp from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. UBS Group lifted their price target on Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Finally, Raymond James reissued a "market perform" rating on shares of Intapp in a report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $66.45.

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.