Clearbridge Investments LLC Purchases 19,723 Shares of Intapp, Inc. (NASDAQ:INTA)

Clearbridge Investments LLC boosted its position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 798,968 shares of the company's stock after buying an additional 19,723 shares during the quarter. Clearbridge Investments LLC owned approximately 1.01% of Intapp worth $51,206,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of INTA. Vanguard Group Inc. raised its position in shares of Intapp by 11.8% during the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company's stock worth $408,139,000 after acquiring an additional 672,832 shares during the last quarter. FMR LLC raised its holdings in Intapp by 7.8% during the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company's stock worth $270,668,000 after purchasing an additional 411,434 shares during the last quarter. Bamco Inc. NY lifted its position in Intapp by 1.2% during the 3rd quarter. Bamco Inc. NY now owns 2,850,455 shares of the company's stock valued at $136,337,000 after purchasing an additional 34,409 shares during the period. Praesidium Investment Management Company LLC boosted its stake in shares of Intapp by 15.3% in the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company's stock valued at $92,316,000 after purchasing an additional 256,327 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Intapp by 9.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company's stock worth $50,291,000 after buying an additional 95,035 shares during the period. 89.96% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several brokerages recently weighed in on INTA. JPMorgan Chase & Co. increased their price objective on shares of Intapp from $58.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Truist Financial increased their price target on Intapp from $55.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, December 13th. UBS Group lifted their price objective on Intapp from $89.00 to $92.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Piper Sandler reissued an "overweight" rating and issued a $71.00 target price (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus boosted their target price on Intapp from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $66.45.

Insiders Place Their Bets

In related news, insider Michele Murgel sold 7,531 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $518,358.73. Following the completion of the transaction, the insider now directly owns 223,945 shares in the company, valued at approximately $15,414,134.35. This trade represents a 3.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thad Jampol sold 112,928 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $59.27, for a total value of $6,693,242.56. Following the completion of the sale, the insider now owns 857,250 shares in the company, valued at $50,809,207.50. The trade was a 11.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 294,755 shares of company stock worth $18,325,761. Corporate insiders own 13.02% of the company's stock.

Intapp Stock Down 6.8 %

Shares of INTA traded down $3.74 on Friday, hitting $50.95. The company's stock had a trading volume of 652,052 shares, compared to its average volume of 650,728. The firm's fifty day moving average price is $65.12 and its 200-day moving average price is $60.73. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $77.74. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of -175.68 and a beta of 0.82.

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