Franklin Resources Inc. Grows Stock Position in Intapp, Inc. (NASDAQ:INTA)

Franklin Resources Inc. increased its holdings in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 28.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 456,619 shares of the company's stock after buying an additional 100,982 shares during the period. Franklin Resources Inc. owned about 0.59% of Intapp worth $22,173,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in INTA. The Manufacturers Life Insurance Company boosted its stake in shares of Intapp by 1.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company's stock valued at $1,187,000 after purchasing an additional 264 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in Intapp by 7.2% during the third quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company's stock valued at $265,000 after acquiring an additional 373 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Intapp by 59.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company's stock worth $67,000 after acquiring an additional 519 shares during the period. Farther Finance Advisors LLC raised its position in shares of 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 in the last quarter. Finally, Federated Hermes Inc. lifted its stake in Intapp by 9.8% in the second quarter. Federated Hermes Inc. now owns 7,805 shares of the company's stock valued at $286,000 after buying an additional 694 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on INTA. Raymond James raised their price target on shares of Intapp from $46.00 to $55.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Piper Sandler reiterated an "overweight" rating and set a $60.00 price target (up previously from $46.00) on shares of Intapp in a report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price objective on Intapp from $58.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Barclays upped 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. Finally, Truist Financial raised their price target 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. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Intapp presently has an average rating of "Moderate Buy" and a consensus target price of $60.64.

Insider Buying and Selling

In other news, insider Thad Jampol sold 20,000 shares of the company's stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $45.09, for a total value 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. This represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ralph Baxter sold 9,289 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $70.14, for a total value of $651,530.46. Following the transaction, the director now directly owns 9,441 shares in the company, valued at approximately $662,191.74. This represents a 49.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 441,194 shares of company stock worth $26,470,383 over the last ninety days. 13.02% of the stock is owned by corporate insiders.

Intapp Stock Up 0.9 %

Shares of NASDAQ:INTA traded up $0.58 during midday trading on Friday, reaching $65.19. 3,167,041 shares of the company traded hands, compared to its average volume of 651,024. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $71.34. The firm's fifty day moving average price is $58.30 and its two-hundred day moving average price is $46.25. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of -224.79 and a beta of 0.74.

Intapp (NASDAQ:INTA - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.08. The business had revenue of $118.81 million for the quarter, compared to analyst estimates 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 was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.20) EPS. Analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current 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.