Intapp, Inc. (NASDAQ:INTA) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN raised its stake in Intapp, Inc. (NASDAQ:INTA - Free Report) by 79.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,607 shares of the company's stock after acquiring an additional 13,543 shares during the quarter. Wells Fargo & Company MN's holdings in Intapp were worth $1,962,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Intapp by 11.8% in the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company's stock valued at $408,139,000 after acquiring an additional 672,832 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Intapp by 4.0% in the fourth quarter. Alliancebernstein L.P. now owns 1,654,866 shares of the company's stock valued at $106,060,000 after purchasing an additional 63,443 shares during the period. Geode Capital Management LLC increased its stake in Intapp by 18.6% in the fourth quarter. Geode Capital Management LLC now owns 1,247,247 shares of the company's stock valued at $79,953,000 after purchasing an additional 196,010 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in Intapp by 36.4% during the fourth quarter. Artisan Partners Limited Partnership now owns 906,858 shares of the company's stock worth $58,121,000 after buying an additional 241,862 shares during the period. Finally, Clearbridge Investments LLC boosted its stake in Intapp by 2.5% in the 4th quarter. Clearbridge Investments LLC now owns 798,968 shares of the company's stock worth $51,206,000 after buying an additional 19,723 shares during the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Intapp Trading Up 0.8 %

NASDAQ:INTA traded up $0.45 on Tuesday, reaching $54.55. The stock had a trading volume of 327,918 shares, compared to its average volume of 653,841. The company has a 50-day moving average of $58.20 and a 200 day moving average of $61.31. The stock has a market cap of $4.33 billion, a P/E ratio of -188.10 and a beta of 0.82. Intapp, Inc. has a 12-month low of $30.42 and a 12-month high of $77.74.

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 net margin of 4.78% and a negative return on equity of 1.86%. On average, equities analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Analysts Set New Price Targets

INTA has been the subject of a number of research analyst reports. Stifel Nicolaus dropped their price objective on shares of Intapp from $75.00 to $65.00 and set a "buy" rating for the company in a research note on Tuesday. Piper Sandler reaffirmed an "overweight" rating and set a $71.00 price target (up previously from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Truist Financial decreased their price target on shares of Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Citigroup reissued a "neutral" rating on shares of Intapp in a research note on Monday, April 21st. Finally, Barclays cut their target price on Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $64.00.

Insider Transactions at Intapp

In related news, CEO John T. Hall sold 33,227 shares of Intapp stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $2,287,014.41. Following the completion of the transaction, the chief executive officer now directly owns 5,258,576 shares in the company, valued at approximately $361,947,786.08. This trade represents a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thad Jampol sold 20,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $57.15, for a total value of $1,143,000.00. Following the sale, the insider now owns 857,250 shares in the company, valued at $48,991,837.50. The trade was a 2.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 274,755 shares of company stock valued at $17,088,761. 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.