Cramer Rosenthal Mcglynn LLC Has $4.76 Million Stock Holdings in Intapp, Inc. (NASDAQ:INTA)

Cramer Rosenthal Mcglynn LLC lowered its position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 87.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,340 shares of the company's stock after selling 511,060 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned about 0.09% of Intapp worth $4,764,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. bought a new stake in Intapp during the fourth quarter valued at $291,000. Venturi Wealth Management LLC bought a new position in Intapp during the fourth quarter valued at about $305,000. Charles Schwab Investment Management Inc. lifted its holdings in Intapp by 17.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 448,666 shares of the company's stock valued at $28,755,000 after acquiring an additional 67,694 shares during the last quarter. Barclays PLC boosted its position in shares of Intapp by 90.1% during the 3rd quarter. Barclays PLC now owns 106,781 shares of the company's stock valued at $5,108,000 after purchasing an additional 50,607 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Intapp in the 4th quarter worth approximately $378,000. 89.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Intapp news, insider Michele Murgel sold 1,962 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $60.00, for a total value of $117,720.00. Following the completion of the sale, the insider now owns 182,462 shares of the company's stock, valued at $10,947,720. The trade was a 1.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thad Jampol sold 112,928 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $59.27, for a total value of $6,693,242.56. Following the transaction, the insider now directly owns 857,250 shares in the company, valued at approximately $50,809,207.50. This represents a 11.64 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 274,755 shares of company stock worth $17,088,761. Corporate insiders own 13.02% of the company's stock.

Intapp Trading Up 4.7 %

NASDAQ INTA traded up $2.34 on Wednesday, reaching $52.23. The stock had a trading volume of 143,186 shares, compared to its average volume of 654,684. Intapp, Inc. has a 1 year low of $30.42 and a 1 year high of $77.74. The business has a 50 day moving average price of $59.72 and a 200 day moving average price of $61.00. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of -180.10 and a beta of 0.82.

Intapp (NASDAQ:INTA - Get Free Report) last released its quarterly earnings data 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%. On average, analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Piper Sandler restated an "overweight" rating and issued a $71.00 price target (up previously from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Citigroup reaffirmed a "neutral" rating on shares of Intapp in a research report on Monday. UBS Group lifted their price target on Intapp from $89.00 to $92.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Barclays reduced their price objective on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Finally, Truist Financial lowered 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. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $64.91.

About Intapp

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.