KLP Kapitalforvaltning AS Makes New Investment in Intapp, Inc. (NASDAQ:INTA)

KLP Kapitalforvaltning AS acquired a new stake in Intapp, Inc. (NASDAQ:INTA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,500 shares of the company's stock, valued at approximately $673,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. bought a new stake in Intapp in the fourth quarter worth $291,000. Venturi Wealth Management LLC bought a new stake in shares of Intapp in the 4th quarter worth about $305,000. Barclays PLC boosted its stake in shares of Intapp by 90.1% during the 3rd quarter. Barclays PLC now owns 106,781 shares of the company's stock worth $5,108,000 after purchasing an additional 50,607 shares during the period. Janney Montgomery Scott LLC bought a new position in Intapp during the 4th quarter valued at about $378,000. Finally, Truist Financial Corp bought a new position in Intapp during the 4th quarter valued at about $349,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Insider Buying and Selling at Intapp

In other news, insider Michele Murgel sold 7,531 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $518,358.73. Following the transaction, the insider now directly owns 223,945 shares of the company's stock, valued at approximately $15,414,134.35. This represents a 3.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thad Jampol sold 20,000 shares of the firm's stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $61.85, for a total value of $1,237,000.00. Following the completion of the sale, the insider now directly owns 828,197 shares of the company's stock, valued at $51,223,984.45. The trade was a 2.36 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 294,755 shares of company stock valued at $18,325,761. 13.02% of the stock is currently owned by insiders.

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Analyst Upgrades and Downgrades

Several brokerages have issued reports on INTA. Truist Financial boosted their target price on Intapp from $55.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Stifel Nicolaus upped their price objective on Intapp from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Raymond James reiterated a "market perform" rating on shares of Intapp in a research report on Friday, January 3rd. JPMorgan Chase & Co. upped their price target on shares of Intapp from $58.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Finally, UBS Group raised their price target on shares of Intapp from $89.00 to $92.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $66.45.

Intapp Stock Performance

Intapp stock traded down $3.74 during mid-day trading on Friday, reaching $50.95. 652,052 shares of the company were exchanged, compared to its average volume of 650,728. The firm has a market cap of $4.05 billion, a P/E ratio of -175.68 and a beta of 0.82. The business has a fifty day moving average of $65.12 and a 200 day moving average of $60.82. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. Sell-side analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

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.