Intapp, Inc. (NASDAQ:INTA) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its position in Intapp, Inc. (NASDAQ:INTA - Free Report) by 53.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,325 shares of the company's stock after selling 16,424 shares during the quarter. Natixis Advisors LLC's holdings in Intapp were worth $918,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in INTA. Principal Financial Group Inc. purchased a new stake in Intapp during the fourth quarter worth approximately $291,000. FORA Capital LLC purchased a new stake in Intapp during the 3rd quarter worth $566,000. Venturi Wealth Management LLC acquired a new stake in Intapp in the 4th quarter valued at $305,000. Barclays PLC raised its position in Intapp by 90.1% in the third 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 during the period. Finally, Janney Montgomery Scott LLC purchased a new position in Intapp in the fourth quarter valued at about $378,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Intapp Trading Down 2.7 %

Intapp stock traded down $1.68 during midday trading on Friday, hitting $59.91. The stock had a trading volume of 348,337 shares, compared to its average volume of 647,024. The business has a fifty day moving average price of $66.42 and a 200 day moving average price of $60.46. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $77.74. The stock has a market cap of $4.76 billion, a P/E ratio of -206.58 and a beta of 0.76.

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Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly 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%. On average, equities analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

INTA has been the subject of a number of recent research reports. Raymond James reiterated a "market perform" rating on shares of Intapp in a research note on Friday, January 3rd. Citigroup reaffirmed a "neutral" rating and issued a $78.00 price objective (down previously from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Piper Sandler reissued an "overweight" rating and set a $71.00 target price (up from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Barclays raised their price target 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, Truist Financial boosted their price objective on shares of Intapp from $55.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.45.

Insiders Place Their Bets

In other news, CEO John T. Hall sold 33,227 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 5,258,576 shares in the company, valued at approximately $361,947,786.08. This represents a 0.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Scott Fitzgerald sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $64.38, for a total value of $193,140.00. Following the completion of the sale, the chief marketing officer now directly owns 39,212 shares in the company, valued at approximately $2,524,468.56. This trade represents a 7.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 184,827 shares of company stock valued at $11,825,658. Company insiders own 13.02% of the company's stock.

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.