Handelsbanken Fonder AB Boosts Holdings in Intapp, Inc. (NASDAQ:INTA)

Handelsbanken Fonder AB boosted its position in Intapp, Inc. (NASDAQ:INTA - Free Report) by 116.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,800 shares of the company's stock after buying an additional 6,900 shares during the quarter. Handelsbanken Fonder AB's holdings in Intapp were worth $820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC boosted its stake in shares of Intapp by 7.8% in the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company's stock valued at $270,668,000 after purchasing an additional 411,434 shares in the last quarter. Bamco Inc. NY lifted its stake in Intapp by 1.2% in the third quarter. Bamco Inc. NY now owns 2,850,455 shares of the company's stock worth $136,337,000 after purchasing an additional 34,409 shares during the last quarter. Praesidium Investment Management Company LLC boosted its position in Intapp by 15.3% during the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company's stock valued at $92,316,000 after buying an additional 256,327 shares during the period. Loomis Sayles & Co. L P grew its stake in shares of Intapp by 29.9% during the third 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 last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Intapp by 9.9% during the third quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company's stock valued at $50,291,000 after buying an additional 95,035 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors.

Insider Activity at Intapp

In related news, CMO Scott Fitzgerald sold 2,086 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $64.54, for a total value of $134,630.44. Following the completion of the transaction, the chief marketing officer now directly owns 47,517 shares in the company, valued at $3,066,747.18. This trade represents a 4.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $67.97, for a total transaction of $1,359,400.00. Following the transaction, the insider now directly owns 798,222 shares of the company's stock, valued at approximately $54,255,149.34. This trade represents a 2.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 269,109 shares of company stock worth $18,127,681 over the last ninety days. 13.02% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on INTA shares. JPMorgan Chase & Co. increased their target price on 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 objective 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 raised their target price on shares of Intapp from $89.00 to $92.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Barclays upped their price target on shares of Intapp from $63.00 to $68.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. Finally, Raymond James reissued a "market perform" rating on shares of Intapp in a report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $66.45.

Intapp Stock Down 3.8 %

Shares of NASDAQ:INTA traded down $2.53 on Monday, hitting $63.43. The company had a trading volume of 599,407 shares, compared to its average volume of 730,720. The firm's 50-day simple moving average is $68.09 and its two-hundred day simple moving average is $58.23. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of -218.72 and a beta of 0.74. 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 return on equity of 1.86% and a negative net margin of 4.78%. Equities research analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current 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.