Teacher Retirement System of Texas Buys 59,417 Shares of Intapp, Inc. (NASDAQ:INTA)

Teacher Retirement System of Texas lifted its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 837.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,513 shares of the company's stock after buying an additional 59,417 shares during the period. Teacher Retirement System of Texas owned about 0.08% of Intapp worth $4,263,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Harvest Fund Management Co. Ltd bought a new stake in shares of Intapp in the 4th quarter worth $631,000. Xponance Inc. bought a new stake in Intapp in the 4th quarter worth about $243,000. Intech Investment Management LLC increased its stake in Intapp by 66.0% in the 4th quarter. Intech Investment Management LLC now owns 16,930 shares of the company's stock valued at $1,085,000 after buying an additional 6,729 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in shares of Intapp during the 4th quarter worth approximately $1,853,000. Finally, Cibc World Markets Corp purchased a new position in shares of Intapp in the 4th quarter worth approximately $320,000. 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 company's stock in a transaction that occurred 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 owns 38,996 shares of the company's stock, valued at $2,684,094.68. This represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michele Murgel sold 7,531 shares of Intapp stock in a transaction that occurred 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 in the company, valued at $15,414,134.35. This trade represents a 3.25 % 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 valued at $11,825,658 over the last 90 days. 13.02% of the stock is owned by insiders.

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Wall Street Analyst Weigh In

INTA has been the subject of a number of research analyst reports. UBS Group increased their price target on Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Truist Financial raised 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. Piper Sandler reissued an "overweight" rating and issued a $71.00 price target (up from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Barclays raised their price objective on shares of Intapp from $63.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $78.00 price objective (down previously from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $66.45.

Intapp Price Performance

Shares of NASDAQ:INTA traded down $1.68 on Friday, hitting $59.91. The company's stock had a trading volume of 348,337 shares, compared to its average volume of 646,755. The company has a market capitalization of $4.76 billion, a PE ratio of -206.58 and a beta of 0.76. The company has a 50-day simple moving average of $66.57 and a 200 day simple moving average of $60.13. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. On average, equities research analysts expect that Intapp, Inc. will post -0.14 earnings per share 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.