Rhumbline Advisers Increases Stock Position in Intapp, Inc. (NASDAQ:INTA)

Rhumbline Advisers boosted its position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 36.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 73,141 shares of the company's stock after purchasing an additional 19,359 shares during the quarter. Rhumbline Advisers owned about 0.09% of Intapp worth $4,688,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raleigh Capital Management Inc. bought a new position in shares of Intapp in the fourth quarter worth approximately $25,000. Farther Finance Advisors LLC raised its holdings in Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company's stock worth $28,000 after acquiring an additional 527 shares during the last quarter. Quest Partners LLC bought a new position in Intapp in the 3rd quarter valued at approximately $54,000. Wilmington Savings Fund Society FSB purchased a new stake in Intapp during the 3rd quarter valued at $64,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Intapp by 59.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company's stock worth $67,000 after purchasing an additional 519 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on INTA. Stifel Nicolaus upped 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. Citigroup restated a "neutral" rating and set a $78.00 target price (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th. UBS Group raised their price target on shares of Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Barclays boosted their price objective on shares of Intapp from $63.00 to $68.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. Finally, Raymond James restated a "market perform" rating on shares of Intapp in a report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $66.45.

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Intapp Price Performance

Shares of NASDAQ:INTA traded down $2.54 during midday trading on Monday, hitting $63.42. The company had a trading volume of 389,049 shares, compared to its average volume of 724,698. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $77.74. The company has a fifty day moving average of $68.12 and a two-hundred day moving average of $58.07. The company has a market cap of $5.04 billion, a price-to-earnings ratio of -217.44 and a beta of 0.74.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) EPS 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%. Research analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Intapp

In related news, CEO John T. Hall sold 70,986 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $68.83, for a total transaction of $4,885,966.38. Following the completion of the sale, the chief executive officer now owns 5,026,096 shares in the company, valued at approximately $345,946,187.68. This trade represents a 1.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David H. Morton, Jr. sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $64.83, for a total value of $648,300.00. Following the completion of the transaction, the chief financial officer now directly owns 17,331 shares in the company, valued at approximately $1,123,568.73. This represents a 36.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 269,109 shares of company stock valued at $18,127,681 over the last 90 days. 13.02% of the stock is currently owned by corporate insiders.

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.