Invesco Ltd. Has $126.93 Million Stock Position in Intapp, Inc. (NASDAQ:INTA)

Invesco Ltd. lifted its holdings in Intapp, Inc. (NASDAQ:INTA - Free Report) by 6,506.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,980,506 shares of the company's stock after purchasing an additional 1,950,526 shares during the quarter. Invesco Ltd. owned 2.49% of Intapp worth $126,931,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of INTA. Captrust Financial Advisors bought a new position in Intapp in the 3rd quarter valued at about $215,000. HighTower Advisors LLC bought a new position in shares of Intapp in the third quarter valued at approximately $2,097,000. XTX Topco Ltd acquired a new position in shares of Intapp during the third quarter valued at approximately $486,000. Barclays PLC raised its holdings in Intapp by 90.1% during the third quarter. Barclays PLC now owns 106,781 shares of the company's stock worth $5,108,000 after purchasing an additional 50,607 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Intapp by 9.9% in the third quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company's stock worth $50,291,000 after purchasing an additional 95,035 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

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Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Stifel Nicolaus lifted their target price on Intapp from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Raymond James reiterated a "market perform" rating on shares of Intapp in a report on Friday, January 3rd. UBS Group raised their target price on shares of Intapp from $89.00 to $92.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Citigroup reaffirmed a "neutral" rating and issued a $78.00 price target (down previously from $87.00) on shares of Intapp in a report on Thursday, January 16th. Finally, Barclays reduced their price objective on Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a research note on Monday. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $65.73.

Intapp Stock Up 2.0 %

NASDAQ INTA traded up $1.04 during trading on Tuesday, hitting $53.50. The company's stock had a trading volume of 427,266 shares, compared to its average volume of 655,329. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $77.74. The firm has a market cap of $4.25 billion, a P/E ratio of -184.48 and a beta of 0.82. The firm has a 50 day moving average price of $61.82 and a 200 day moving average price of $60.90.

Intapp (NASDAQ:INTA - Get Free Report) last announced 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 net margin of 4.78% and a negative return on equity of 1.86%. On average, equities analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current year.

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.