Intapp, Inc. (NASDAQ:INTA) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lessened its holdings in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 31.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,961 shares of the company's stock after selling 13,771 shares during the quarter. HighTower Advisors LLC's holdings in Intapp were worth $1,920,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Victory Capital Management Inc. boosted its holdings in shares of Intapp by 2.0% in the 4th quarter. Victory Capital Management Inc. now owns 8,652 shares of the company's stock valued at $555,000 after purchasing an additional 171 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Intapp by 8.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company's stock worth $190,000 after buying an additional 239 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Intapp by 1.1% in the third quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company's stock valued at $1,187,000 after acquiring an additional 264 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in Intapp during the fourth quarter valued at about $25,000. Finally, Raleigh Capital Management Inc. acquired a new stake in Intapp during the fourth quarter worth about $25,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Intapp Stock Performance

Shares of NASDAQ INTA traded up $0.05 during midday trading on Thursday, reaching $61.59. 263,554 shares of the company's stock were exchanged, compared to its average volume of 636,135. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $77.74. The business's fifty day moving average price is $66.67 and its two-hundred day moving average price is $60.12. The stock has a market capitalization of $4.89 billion, a PE ratio of -212.37 and a beta of 0.76.

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Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings data 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 predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. UBS Group boosted their target price on Intapp from $89.00 to $92.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Raymond James reiterated a "market perform" rating on shares of Intapp in a research note on Friday, January 3rd. Piper Sandler reissued an "overweight" rating and issued a $71.00 target price (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Citigroup restated a "neutral" rating and set a $78.00 target price (down previously from $87.00) on shares of Intapp in a report on Thursday, January 16th. Finally, Stifel Nicolaus increased their price target on Intapp from $70.00 to $75.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $66.45.

Insider Transactions at Intapp

In other news, CMO Scott Fitzgerald sold 2,086 shares of Intapp 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 of the company's stock, valued at approximately $3,066,747.18. The trade was a 4.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michele Murgel sold 1,962 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $60.00, for a total transaction of $117,720.00. Following the sale, the insider now owns 182,462 shares in the company, valued at approximately $10,947,720. This trade represents a 1.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 184,827 shares of company stock valued at $11,825,658. Insiders own 13.02% of the company's stock.

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.