Oppenheimer Asset Management Inc. Has $360,000 Stock Position in Intapp, Inc. (NASDAQ:INTA)

Oppenheimer Asset Management Inc. decreased its position in Intapp, Inc. (NASDAQ:INTA - Free Report) by 63.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,616 shares of the company's stock after selling 9,771 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Intapp were worth $360,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. acquired a new position in Intapp in the 4th quarter valued at $25,000. Global Retirement Partners LLC acquired a new stake in shares of Intapp in the fourth quarter valued at about $25,000. Farther Finance Advisors LLC grew its position in shares of Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company's stock valued at $28,000 after purchasing an additional 527 shares during the last quarter. Quest Partners LLC bought a new position in shares of Intapp in the third quarter worth about $54,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Intapp during the 3rd quarter worth about $64,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Analysts Set New Price Targets

INTA has been the topic of several research analyst reports. Raymond James restated a "market perform" rating on shares of Intapp in a research report on Friday, January 3rd. Stifel Nicolaus lifted their target price on Intapp from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. upped their price target on Intapp from $58.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Barclays raised their price objective on Intapp from $63.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 5th. Finally, Truist Financial boosted their price objective on Intapp from $55.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Four research 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 currently has an average rating of "Moderate Buy" and an average target price of $66.45.

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Insiders Place Their Bets

In related news, COO Donald F. Coleman sold 7,753 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $64.54, for a total transaction of $500,378.62. Following the sale, the chief operating officer now owns 421,733 shares of the company's stock, valued at approximately $27,218,647.82. This trade represents a 1.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO John T. Hall sold 70,986 shares of Intapp stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $68.83, for a total value of $4,885,966.38. Following the transaction, the chief executive officer now owns 5,026,096 shares in the company, valued at $345,946,187.68. This trade represents a 1.39 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 239,109 shares of company stock worth $16,119,981. Company insiders own 13.02% of the company's stock.

Intapp Price Performance

Shares of INTA stock traded down $3.90 during trading hours on Monday, reaching $57.21. The company had a trading volume of 775,973 shares, compared to its average volume of 716,717. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $77.74. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of -197.27 and a beta of 0.76. The company has a 50 day moving average of $67.78 and a 200 day moving average of $58.80.

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