Franklin Resources Inc. Purchases 111,988 Shares of Intapp, Inc. (NASDAQ:INTA)

Franklin Resources Inc. increased its holdings in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 24.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 568,607 shares of the company's stock after purchasing an additional 111,988 shares during the quarter. Franklin Resources Inc. owned 0.72% of Intapp worth $36,442,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of INTA. Principal Financial Group Inc. acquired a new stake in shares of Intapp during the fourth quarter worth $291,000. Venturi Wealth Management LLC bought a new position in shares of Intapp during the 4th quarter worth approximately $305,000. Barclays PLC lifted its position in shares of Intapp by 90.1% in the third quarter. Barclays PLC now owns 106,781 shares of the company's stock worth $5,108,000 after purchasing an additional 50,607 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Intapp during the 4th quarter worth about $378,000. Finally, Truist Financial Corp bought a new position in Intapp in the fourth quarter valued at approximately $349,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intapp

In related news, insider Thad Jampol sold 112,928 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $59.27, for a total transaction of $6,693,242.56. Following the sale, the insider now owns 857,250 shares in the company, valued at $50,809,207.50. This represents a 11.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David H. Morton, Jr. sold 5,445 shares of the business'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 value of $374,779.35. Following the completion of the transaction, the chief financial officer now directly owns 38,996 shares in the company, valued at approximately $2,684,094.68. This trade represents a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 274,755 shares of company stock worth $17,088,761. Company insiders own 13.02% of the company's stock.

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Intapp Price Performance

NASDAQ:INTA traded down $3.43 during trading hours on Thursday, reaching $53.60. 83,753 shares of the company were exchanged, compared to its average volume of 653,056. The business has a 50 day moving average of $63.34 and a 200 day moving average of $60.80. The company has a market capitalization of $4.26 billion, a P/E ratio of -185.02 and a beta of 0.82. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings data 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 net margin of 4.78% and a negative return on equity of 1.86%. As a group, equities research analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on INTA. Stifel Nicolaus raised their target price on shares of Intapp from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Raymond James reiterated a "market perform" rating on shares of Intapp in a research note on Friday, January 3rd. Barclays boosted their price target on Intapp from $63.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 5th. Piper Sandler reiterated an "overweight" rating and issued a $71.00 price objective (up from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Finally, Citigroup restated a "neutral" rating and set a $78.00 target price (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Intapp has an average rating of "Moderate Buy" and a consensus price target of $66.45.

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.