Envestnet Asset Management Inc. Acquires 15,079 Shares of Intapp, Inc. (NASDAQ:INTA)

Envestnet Asset Management Inc. raised its holdings in Intapp, Inc. (NASDAQ:INTA - Free Report) by 47.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 46,616 shares of the company's stock after acquiring an additional 15,079 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.06% of Intapp worth $2,988,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Principal Financial Group Inc. acquired a new position in shares of Intapp in the 4th quarter worth approximately $291,000. Venturi Wealth Management LLC bought a new stake in Intapp during the fourth quarter valued at $305,000. Charles Schwab Investment Management Inc. grew its holdings in Intapp by 17.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 448,666 shares of the company's stock worth $28,755,000 after acquiring an additional 67,694 shares during the period. Barclays PLC raised its position in shares of Intapp by 90.1% in the 3rd quarter. Barclays PLC now owns 106,781 shares of the company's stock worth $5,108,000 after acquiring an additional 50,607 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Intapp during the 4th quarter valued at about $378,000. Institutional investors own 89.96% of the company's stock.

Intapp Trading Up 0.8 %

Shares of INTA traded up $0.45 on Tuesday, reaching $54.55. 327,918 shares of the company's stock traded hands, compared to its average volume of 653,841. The stock's 50 day simple moving average is $58.20 and its two-hundred day simple moving average is $61.31. Intapp, Inc. has a 52-week low of $30.42 and a 52-week high of $77.74. The stock has a market cap of $4.33 billion, a PE ratio of -188.10 and a beta of 0.82.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates 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 forecast that Intapp, Inc. will post -0.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

INTA has been the topic of several recent analyst reports. UBS Group boosted their price target on Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Stifel Nicolaus cut their target price on shares of Intapp from $75.00 to $65.00 and set a "buy" rating on the stock in a research note on Tuesday. Truist Financial cut their price objective on shares of Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Citigroup reaffirmed a "neutral" rating on shares of Intapp in a research note on Monday, April 21st. Finally, Raymond James restated a "market perform" rating on shares of Intapp in a report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $64.00.

Insider Transactions at Intapp

In other news, COO Donald F. Coleman sold 12,601 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $867,326.83. Following the completion of the transaction, the chief operating officer now owns 438,721 shares in the company, valued at approximately $30,197,166.43. This represents a 2.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David H. Morton, Jr. sold 5,445 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $374,779.35. Following the completion of the sale, the chief financial officer now owns 38,996 shares in the company, valued at $2,684,094.68. This represents a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 274,755 shares of company stock worth $17,088,761 in the last quarter. Insiders own 13.02% of the company's stock.

Intapp Company 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.