F M Investments LLC Has $4.61 Million Position in Intapp, Inc. (NASDAQ:INTA)

F M Investments LLC decreased its stake in Intapp, Inc. (NASDAQ:INTA - Free Report) by 61.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,929 shares of the company's stock after selling 116,387 shares during the quarter. F M Investments LLC owned approximately 0.09% of Intapp worth $4,610,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in shares of Intapp by 2.0% during the fourth quarter. Victory Capital Management Inc. now owns 8,652 shares of the company's stock worth $555,000 after acquiring an additional 171 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in Intapp by 8.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company's stock valued at $190,000 after purchasing an additional 239 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Intapp by 1.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company's stock worth $1,187,000 after buying an additional 264 shares during the period. Global Retirement Partners LLC acquired a new stake in Intapp during the 4th quarter valued at approximately $25,000. Finally, Raleigh Capital Management Inc. acquired a new stake in Intapp during the fourth quarter worth approximately $25,000. Institutional investors own 89.96% of the company's stock.

Intapp Stock Performance

Shares of NASDAQ:INTA traded down $1.48 on Wednesday, hitting $52.02. 103,325 shares of the company's stock were exchanged, compared to its average volume of 653,171. The firm's 50-day moving average is $61.82 and its 200 day moving average is $60.90. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $77.74. The company has a market capitalization of $4.13 billion, a PE ratio of -179.37 and a beta of 0.82.

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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 analysts' consensus estimates of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. On average, analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Insider Transactions at Intapp

In related news, insider Thad Jampol sold 20,000 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $57.15, for a total value of $1,143,000.00. Following the sale, the insider now directly owns 857,250 shares in the company, valued at $48,991,837.50. The trade was a 2.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michele Murgel sold 7,531 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $518,358.73. Following the sale, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 274,755 shares of company stock worth $17,088,761. 13.02% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on INTA. UBS Group increased their target price on shares of Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Piper Sandler restated an "overweight" rating and set a $71.00 price target (up previously from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Citigroup reissued a "neutral" rating and set a $78.00 price target (down from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Barclays dropped their price target on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a report on Monday. Finally, Truist Financial cut their price objective on Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a research note on Wednesday. Four equities research 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 $64.91.

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.