Raymond James Financial Inc. Buys New Stake in Intapp, Inc. (NASDAQ:INTA)

Raymond James Financial Inc. acquired a new stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 200,816 shares of the company's stock, valued at approximately $12,870,000. Raymond James Financial Inc. owned approximately 0.25% of Intapp at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of INTA. Raleigh Capital Management Inc. purchased a new stake in Intapp during the 4th quarter valued at about $25,000. Global Retirement Partners LLC purchased a new stake in Intapp during the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. purchased a new stake in Intapp during the 4th quarter valued at about $32,000. Quest Partners LLC purchased a new stake in Intapp during the 3rd quarter valued at about $54,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Intapp during the 3rd quarter valued at about $64,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Insiders Place Their Bets

In other news, insider Michele Murgel sold 1,962 shares of the firm'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 in the company, valued at approximately $10,947,720. This trade represents a 1.06 % decrease in their position. The sale 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 the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $57.15, for a total transaction of $1,143,000.00. Following the completion of the sale, the insider now owns 857,250 shares in the company, valued at $48,991,837.50. The trade was a 2.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 184,827 shares of company stock worth $11,825,658 in the last ninety days. 13.02% of the stock is owned by corporate insiders.

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Analyst Upgrades and Downgrades

Several research firms have recently weighed in on INTA. Truist Financial increased their price target on shares of Intapp from $55.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, December 13th. Raymond James reissued a "market perform" rating on shares of Intapp in a research note on Friday, January 3rd. Piper Sandler reissued an "overweight" rating and issued a $71.00 price target (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. UBS Group increased their price target 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. Finally, Stifel Nicolaus increased their price target on shares of Intapp from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $66.45.

Intapp Stock Up 1.2 %

Intapp stock traded up $0.72 during mid-day trading on Friday, reaching $60.95. 729,278 shares of the company's stock were exchanged, compared to its average volume of 639,373. The company has a market cap of $4.84 billion, a P/E ratio of -210.17 and a beta of 0.76. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $77.74. The company has a fifty day moving average of $66.88 and a 200-day moving average of $59.72.

Intapp (NASDAQ:INTA - Get Free Report) last released 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%. Equities research analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current fiscal 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.