HighTower Advisors LLC Purchases New Holdings in Intapp, Inc. (NASDAQ:INTA)

HighTower Advisors LLC purchased a new position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 43,732 shares of the company's stock, valued at approximately $2,097,000. HighTower Advisors LLC owned 0.06% of Intapp as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its position in shares of Intapp by 1.1% during the third quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company's stock worth $1,187,000 after acquiring an additional 264 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Intapp by 7.2% during the third quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company's stock worth $265,000 after acquiring an additional 373 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Intapp by 59.1% during the third quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company's stock worth $67,000 after acquiring an additional 519 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Intapp by 1,054.0% during the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company's stock worth $28,000 after acquiring an additional 527 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Intapp by 9.8% during the second quarter. Federated Hermes Inc. now owns 7,805 shares of the company's stock worth $286,000 after acquiring an additional 694 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Ralph Baxter sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $68.24, for a total value of $341,200.00. Following the completion of the transaction, the director now directly owns 9,441 shares in the company, valued at $644,253.84. The trade was a 34.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David H. Morton, Jr. sold 4,204 shares of Intapp stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $59.97, for a total transaction of $252,113.88. Following the completion of the sale, the chief financial officer now directly owns 27,331 shares of the company's stock, valued at approximately $1,639,040.07. This trade represents a 13.33 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 428,215 shares of company stock worth $23,806,670. Insiders own 13.02% of the company's stock.

Intapp Stock Performance

Shares of NASDAQ INTA traded down $0.84 during trading hours on Friday, hitting $68.63. The company's stock had a trading volume of 519,247 shares, compared to its average volume of 637,802. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of -236.66 and a beta of 0.74. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $71.34. The business has a 50-day simple moving average of $56.35 and a 200-day simple moving average of $45.29.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.13 by $0.08. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The business had revenue of $118.81 million during the quarter, compared to analyst estimates of $117.88 million. During the same period last year, the business posted ($0.20) earnings per share. Intapp's quarterly revenue was up 17.0% compared to the same quarter last year. On average, equities research analysts forecast that Intapp, Inc. will post -0.14 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on INTA shares. Piper Sandler reiterated an "overweight" rating and issued a $60.00 price objective (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. JPMorgan Chase & Co. increased their target price on Intapp from $58.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Barclays increased their target price on Intapp from $44.00 to $48.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 5th. Stifel Nicolaus increased their target price on Intapp from $45.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, September 23rd. Finally, Truist Financial increased their target price on Intapp from $55.00 to $77.00 and gave the company a "buy" rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $57.09.

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.