Russell Investments Group Ltd. Grows Stock Position in Intapp, Inc. (NASDAQ:INTA)

Russell Investments Group Ltd. boosted its position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 33,057.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,621 shares of the company's stock after buying an additional 8,595 shares during the quarter. Russell Investments Group Ltd.'s holdings in Intapp were worth $560,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Raleigh Capital Management Inc. purchased a new position in shares of Intapp during the 4th quarter worth about $25,000. Global Retirement Partners LLC purchased a new position in shares of Intapp during the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. purchased a new position in shares of Intapp during the fourth quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB bought a new position in shares of Intapp during the third quarter valued at approximately $64,000. Finally, Huntington National Bank raised its holdings in shares of Intapp by 53.2% in the fourth quarter. Huntington National Bank now owns 1,474 shares of the company's stock worth $94,000 after buying an additional 512 shares during the period. Institutional investors own 89.96% of the company's stock.

Insider Activity at Intapp

In other Intapp news, CFO David H. Morton, Jr. sold 5,445 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $374,779.35. Following the completion of the transaction, the chief financial officer now owns 38,996 shares of the company's stock, valued at approximately $2,684,094.68. This trade represents a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction on Monday, March 10th. The stock was sold at an average price of $57.15, for a total transaction of $1,143,000.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 274,755 shares of company stock valued at $17,088,761 in the last ninety days. Corporate insiders own 13.02% of the company's stock.

Intapp Price Performance

INTA opened at $51.89 on Thursday. The firm has a market capitalization of $4.12 billion, a PE ratio of -178.92 and a beta of 0.82. The business's 50-day moving average is $59.31 and its two-hundred day moving average is $60.94. Intapp, Inc. has a 1 year low of $30.42 and a 1 year high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings data 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%. As a group, sell-side analysts expect that Intapp, Inc. will post -0.14 EPS for the current year.

Analysts Set New Price Targets

INTA has been the topic of several research analyst reports. Citigroup reaffirmed a "neutral" rating on shares of Intapp in a research report on Monday. 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. Barclays decreased their price objective on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Truist Financial dropped their target price on shares of Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Finally, Piper Sandler reaffirmed 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. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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