Charles Schwab Investment Management Inc. Acquires 67,694 Shares of Intapp, Inc. (NASDAQ:INTA)

Charles Schwab Investment Management Inc. lifted its holdings in Intapp, Inc. (NASDAQ:INTA - Free Report) by 17.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 448,666 shares of the company's stock after buying an additional 67,694 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.58% of Intapp worth $28,755,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Steward Partners Investment Advisory LLC increased its holdings in shares of Intapp by 8.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company's stock valued at $190,000 after acquiring an additional 239 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Intapp during the fourth quarter valued at approximately $32,000. Amalgamated Bank raised its holdings in Intapp by 30.0% in the 4th quarter. Amalgamated Bank now owns 1,819 shares of the company's stock worth $117,000 after acquiring an additional 420 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Intapp by 34.2% during the 4th quarter. Bank of New York Mellon Corp now owns 163,084 shares of the company's stock valued at $10,452,000 after purchasing an additional 41,522 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in shares of Intapp by 116.9% in the 4th quarter. Handelsbanken Fonder AB now owns 12,800 shares of the company's stock worth $820,000 after purchasing an additional 6,900 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several equities research analysts recently commented on INTA shares. Barclays increased their price objective on Intapp from $63.00 to $68.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. Truist Financial increased their price objective on shares of Intapp from $55.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Piper Sandler reaffirmed an "overweight" rating and issued a $71.00 target price (up previously from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. UBS Group increased their price target on Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Finally, Citigroup reiterated a "neutral" rating and set a $78.00 price objective (down previously from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $66.45.

Insider Transactions at Intapp

In other news, insider Michele Murgel sold 23,404 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $60.13, for a total value of $1,407,282.52. Following the completion of the sale, the insider now directly owns 185,220 shares of the company's stock, valued at $11,137,278.60. This trade represents a 11.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John T. Hall sold 33,227 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $2,287,014.41. Following the completion of the sale, the chief executive officer now owns 5,258,576 shares of the company's stock, valued at $361,947,786.08. This trade represents a 0.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 182,865 shares of company stock worth $11,707,938 in the last three months. Insiders own 13.02% of the company's stock.

Intapp Price Performance

Shares of INTA stock traded up $0.73 during trading hours on Friday, hitting $60.96. The stock had a trading volume of 303,554 shares, compared to its average volume of 641,419. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of -210.19 and a beta of 0.76. The stock's 50-day moving average price is $67.01 and its two-hundred day moving average price is $59.51. Intapp, Inc. has a one year low of $30.36 and a one year high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last posted its 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 net margin of 4.78% and a negative return on equity of 1.86%. As a group, equities research analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

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.