Connor Clark & Lunn Investment Management Ltd. Lowers Holdings in Intapp, Inc. (NASDAQ:INTA)

Connor Clark & Lunn Investment Management Ltd. decreased its holdings in Intapp, Inc. (NASDAQ:INTA - Free Report) by 19.1% in the 4th quarter, according to its most recent 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 added to or reduced their stakes in the company. Principal Financial Group Inc. purchased a new stake in Intapp in the 4th quarter valued at about $291,000. FORA Capital LLC purchased a new stake in Intapp in the 3rd quarter valued at about $566,000. Loomis Sayles & Co. L P grew its holdings in Intapp by 29.9% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company's stock valued at $71,392,000 after buying an additional 343,275 shares during the period. Farther Finance Advisors LLC grew its holdings in Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company's stock valued at $28,000 after buying an additional 527 shares during the period. Finally, Venturi Wealth Management LLC purchased a new stake in Intapp in the 4th quarter valued at about $305,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Intapp Trading Up 1.9 %

Shares of NASDAQ INTA opened at $59.28 on Friday. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $77.74. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of -204.41 and a beta of 0.77. The business has a 50 day simple moving average of $67.24 and a 200-day simple moving average of $59.12.

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Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates 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 year.

Insider Buying and Selling

In related news, CEO John T. Hall sold 70,986 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $68.83, for a total transaction of $4,885,966.38. Following the completion of the transaction, the chief executive officer now directly owns 5,026,096 shares in the company, valued at $345,946,187.68. This represents a 1.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michele Murgel sold 7,531 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $518,358.73. Following the transaction, the insider now 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 sold a total of 230,447 shares of company stock worth $15,186,622 in the last three months. 13.02% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on INTA. Truist Financial lifted their price objective on Intapp from $55.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, December 13th. Piper Sandler reaffirmed an "overweight" rating and issued a $71.00 price objective (up from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. UBS Group lifted their price objective on Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Citigroup reaffirmed a "neutral" rating and issued a $78.00 price objective (down from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Finally, Stifel Nicolaus lifted their price objective on Intapp from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Intapp currently has a consensus rating of "Moderate Buy" and an average 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.

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