Sei Investments Co. Acquires 35,764 Shares of Intapp, Inc. (NASDAQ:INTA)

Sei Investments Co. raised its position in Intapp, Inc. (NASDAQ:INTA - Free Report) by 73.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,473 shares of the company's stock after acquiring an additional 35,764 shares during the quarter. Sei Investments Co. owned approximately 0.11% of Intapp worth $5,414,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. bought a new stake in shares of Intapp in the fourth quarter worth about $291,000. Venturi Wealth Management LLC bought a new stake in shares of Intapp in the 4th quarter worth approximately $305,000. Barclays PLC increased its stake in shares of Intapp by 90.1% during the third 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 during the period. Janney Montgomery Scott LLC bought a new position in shares of Intapp during the fourth quarter valued at approximately $378,000. Finally, Truist Financial Corp bought a new position in shares of Intapp during the fourth quarter valued at approximately $349,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Intapp Trading Down 6.8 %

NASDAQ:INTA traded down $3.74 during trading hours on Friday, reaching $50.95. 652,052 shares of the company traded hands, compared to its average volume of 650,728. The business's 50-day moving average price is $65.12 and its two-hundred day moving average price is $60.82. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $77.74. The stock has a market capitalization of $4.05 billion, a P/E ratio of -175.68 and a beta of 0.82.

Remove Ads

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (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, equities analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Raymond James reissued a "market perform" rating on shares of Intapp in a research report on Friday, January 3rd. Piper Sandler reissued an "overweight" rating and issued a $71.00 price target (up from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. UBS Group lifted their price objective on Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Citigroup reiterated a "neutral" rating and set a $78.00 target price (down previously from $87.00) on shares of Intapp in a report on Thursday, January 16th. Finally, Stifel Nicolaus raised their target price on Intapp from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $66.45.

Insider Transactions at Intapp

In related news, insider Thad Jampol sold 20,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $57.15, for a total value of $1,143,000.00. Following the transaction, the insider now directly owns 857,250 shares of the company's stock, valued at approximately $48,991,837.50. This represents a 2.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO David H. Morton, Jr. sold 5,445 shares of Intapp stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $374,779.35. Following the completion of the sale, the chief financial officer now directly owns 38,996 shares of the company's stock, valued at approximately $2,684,094.68. The trade was a 12.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 294,755 shares of company stock worth $18,325,761. Corporate insiders own 13.02% of the company's stock.

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.