Connor Clark & Lunn Investment Management Ltd. Sells 36,145 Shares of Intapp, Inc. (NASDAQ:INTA)

Connor Clark & Lunn Investment Management Ltd. trimmed its position in Intapp, Inc. (NASDAQ:INTA - Free Report) by 19.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,456 shares of the company's stock after selling 36,145 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.19% of Intapp worth $9,835,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raleigh Capital Management Inc. acquired a new position in shares of Intapp in the fourth quarter worth about $25,000. Global Retirement Partners LLC purchased a new stake in shares of Intapp in the fourth quarter worth approximately $25,000. Farther Finance Advisors LLC lifted its position 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 in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Intapp in the fourth quarter worth approximately $32,000. Finally, Quest Partners LLC purchased a new stake in shares of Intapp in the third quarter worth approximately $54,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Intapp Stock Up 1.7 %

INTA stock traded up $0.99 during midday trading on Monday, hitting $60.27. 280,640 shares of the company traded hands, compared to its average volume of 641,755. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $77.74. The business has a 50 day simple moving average of $67.24 and a 200-day simple moving average of $59.31. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of -208.45 and a beta of 0.76.

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Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) earnings per share (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 research analysts forecast that Intapp, Inc. will post -0.14 EPS for the current year.

Insiders Place Their Bets

In other Intapp news, insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $61.85, for a total transaction of $1,237,000.00. Following the completion of the transaction, the insider now directly owns 828,197 shares of the company's stock, valued at approximately $51,223,984.45. This trade represents a 2.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michele Murgel sold 7,531 shares of Intapp stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $518,358.73. Following the transaction, the insider now directly owns 223,945 shares of the company's stock, valued at approximately $15,414,134.35. The trade was a 3.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 159,461 shares of company stock worth $10,300,656 over the last 90 days. Corporate insiders own 13.02% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Piper Sandler reissued an "overweight" rating and issued a $71.00 price target (up from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Barclays increased their price target on shares of Intapp from $63.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 5th. Raymond James reissued a "market perform" rating on shares of Intapp in a research report on Friday, January 3rd. 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 research report on Monday, December 9th. Finally, Truist Financial raised 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. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Intapp presently has an average rating of "Moderate Buy" and a consensus price target of $66.45.

Intapp Company 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.