Intapp, Inc. (NASDAQ:INTA) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in Intapp, Inc. (NASDAQ:INTA - Free Report) by 58.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 223,582 shares of the company's stock after acquiring an additional 82,064 shares during the quarter. JPMorgan Chase & Co. owned about 0.28% of Intapp worth $14,329,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Captrust Financial Advisors bought a new position in Intapp in the 3rd quarter valued at $215,000. HighTower Advisors LLC bought a new position in shares of Intapp in the third quarter worth about $2,097,000. XTX Topco Ltd purchased a new position in Intapp in the 3rd quarter worth about $486,000. Barclays PLC lifted its holdings in 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 buying an additional 50,607 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Intapp by 9.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company's stock valued at $50,291,000 after buying an additional 95,035 shares during the period. Institutional investors own 89.96% of the company's stock.

Insider Buying and Selling at Intapp

In other Intapp news, insider Michele Murgel sold 1,962 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $60.00, for a total value of $117,720.00. Following the sale, the insider now directly owns 182,462 shares of the company's stock, valued at approximately $10,947,720. This represents a 1.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction dated 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 transaction, the insider now owns 857,250 shares of the company's stock, 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. In the last ninety days, insiders sold 274,755 shares of company stock worth $17,088,761. Company insiders own 13.02% of the company's stock.

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Intapp Stock Down 5.0 %

Shares of Intapp stock traded down $2.68 during midday trading on Wednesday, hitting $50.82. The company had a trading volume of 204,950 shares, compared to its average volume of 653,600. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of -175.24 and a beta of 0.82. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $77.74. The company has a fifty day simple moving average of $61.82 and a 200 day simple moving average of $60.90.

Intapp (NASDAQ:INTA - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (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%. As a group, analysts expect that Intapp, Inc. will post -0.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on INTA. Piper Sandler restated an "overweight" rating and set a $71.00 price target (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Truist Financial reduced their price target on shares of Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a report on Wednesday. UBS Group increased their price objective on shares of Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Citigroup reiterated a "neutral" rating and issued a $78.00 price target (down from $87.00) on shares of Intapp in a report on Thursday, January 16th. Finally, Barclays dropped their price objective on Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Monday. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently 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.