Harvest Fund Management Co. Ltd Purchases New Shares in Intapp, Inc. (NASDAQ:INTA)

Harvest Fund Management Co. Ltd bought a new stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,861 shares of the company's stock, valued at approximately $631,000.

Other large investors also recently made changes to their positions in the company. Xponance Inc. acquired a new stake in shares of Intapp during the fourth quarter worth $243,000. Intech Investment Management LLC boosted its position in shares of Intapp by 66.0% in the fourth quarter. Intech Investment Management LLC now owns 16,930 shares of the company's stock worth $1,085,000 after buying an additional 6,729 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in Intapp in the 4th quarter worth about $1,853,000. Cibc World Markets Corp purchased a new position in Intapp during the 4th quarter valued at about $320,000. Finally, Nicholas Company Inc. lifted its position in shares of Intapp by 63.7% in the fourth quarter. Nicholas Company Inc. now owns 70,607 shares of the company's stock worth $4,525,000 after purchasing an additional 27,467 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

Insider Activity at Intapp

In related news, insider Thad Jampol sold 20,000 shares of the business's stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $61.85, for a total value of $1,237,000.00. Following the sale, the insider now owns 828,197 shares of the company's stock, valued at $51,223,984.45. The trade was a 2.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Scott Fitzgerald sold 3,000 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $64.38, for a total value of $193,140.00. Following the completion of the sale, the chief marketing officer now owns 39,212 shares in the company, valued at $2,524,468.56. This trade represents a 7.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 184,827 shares of company stock worth $11,825,658 over the last three months. Company insiders own 13.02% of the company's stock.

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Analyst Upgrades and Downgrades

INTA has been the topic of several research reports. Truist Financial upped their price objective on shares of Intapp from $55.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, December 13th. Citigroup restated a "neutral" rating and set a $78.00 price target (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Stifel Nicolaus increased their target price on shares of Intapp from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Barclays increased their price objective on Intapp from $63.00 to $68.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. Finally, UBS Group upped their target price on Intapp from $89.00 to $92.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $66.45.

Intapp Stock Performance

Shares of INTA traded up $2.56 during mid-day trading on Tuesday, hitting $64.18. The company's stock had a trading volume of 589,550 shares, compared to its average volume of 638,235. Intapp, Inc. has a one year low of $30.36 and a one year high of $77.74. The stock's 50-day moving average is $66.81 and its two-hundred day moving average is $59.96. The firm has a market capitalization of $5.10 billion, a PE ratio of -221.30 and a beta of 0.76.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings results 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%. Analysts expect that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Intapp 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.