Fmr LLC Has $270.67 Million Stock Holdings in Intapp, Inc. (NASDAQ:INTA)

FMR LLC increased its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 7.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,658,957 shares of the company's stock after buying an additional 411,434 shares during the quarter. FMR LLC owned 7.31% of Intapp worth $270,668,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Loomis Sayles & Co. L P raised its stake in Intapp by 29.9% during the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company's stock worth $71,392,000 after acquiring an additional 343,275 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in Intapp by 64.0% during the 2nd quarter. Clearbridge Investments LLC now owns 772,255 shares of the company's stock valued at $28,319,000 after purchasing an additional 301,238 shares during the last quarter. F M Investments LLC acquired a new position in Intapp in the second quarter valued at about $7,006,000. Dai ichi Life Insurance Company Ltd bought a new stake in Intapp during the third quarter worth about $7,118,000. Finally, Jane Street Group LLC increased its holdings in shares of Intapp by 766.2% during the first quarter. Jane Street Group LLC now owns 166,456 shares of the company's stock worth $5,709,000 after buying an additional 147,240 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on INTA. Truist Financial reissued a "buy" rating and issued a $55.00 target price (up from $47.00) on shares of Intapp in a report on Tuesday, November 5th. Piper Sandler reaffirmed an "overweight" rating and issued a $60.00 price target (up from $46.00) on shares of Intapp in a report on Tuesday, November 5th. UBS Group upped their price target on shares of Intapp from $49.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. Stifel Nicolaus raised their price objective on shares of Intapp from $45.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, September 23rd. Finally, Barclays boosted their target price on shares of Intapp from $44.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Intapp has a consensus rating of "Moderate Buy" and an average target price of $53.55.

Intapp Stock Up 2.0 %

NASDAQ INTA traded up $1.26 on Monday, reaching $63.81. The company had a trading volume of 233,531 shares, compared to its average volume of 637,163. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $64.56. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of -217.86 and a beta of 0.64. The stock's 50 day moving average is $52.58 and its 200-day moving average is $43.20.

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

Insider Buying and Selling

In other Intapp news, insider Michele Murgel sold 1,252 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $50.00, for a total transaction of $62,600.00. Following the sale, the insider now directly owns 152,702 shares in the company, valued at approximately $7,635,100. This trade represents a 0.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $45.09, for a total transaction of $901,800.00. Following the completion of the transaction, the insider now directly owns 772,412 shares in the company, valued at approximately $34,828,057.08. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 390,215 shares of company stock valued at $21,267,180. 13.02% of the stock is owned by company insiders.

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.