Thoroughbred Financial Services LLC Makes New Investment in Intapp, Inc. (NASDAQ:INTA)

Thoroughbred Financial Services LLC bought a new position in Intapp, Inc. (NASDAQ:INTA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 6,039 shares of the company's stock, valued at approximately $387,000.

Several other large investors have also added to or reduced their stakes in INTA. Global Retirement Partners LLC purchased a new stake in shares of Intapp in the fourth quarter worth approximately $25,000. Raleigh Capital Management Inc. purchased a new stake in Intapp in the 4th quarter valued at $25,000. SBI Securities Co. Ltd. bought a new position in Intapp during the 4th quarter valued at $32,000. Wilmington Savings Fund Society FSB purchased a new position in Intapp during the 3rd quarter worth $64,000. Finally, Huntington National Bank grew its stake in shares of Intapp by 53.2% in the 4th quarter. Huntington National Bank now owns 1,474 shares of the company's stock worth $94,000 after acquiring an additional 512 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

Insider Buying and Selling at Intapp

In other Intapp news, insider Thad Jampol sold 112,928 shares of Intapp stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $59.27, for a total transaction of $6,693,242.56. Following the completion of the transaction, the insider now owns 857,250 shares of the company's stock, valued at $50,809,207.50. The trade was a 11.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michele Murgel sold 7,531 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $518,358.73. Following the completion of the sale, the insider now directly owns 223,945 shares in the company, valued at approximately $15,414,134.35. The trade was a 3.25 % 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 90 days. 13.02% of the stock is currently owned by company insiders.

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Intapp Stock Down 2.9 %

INTA traded down $1.54 during trading hours on Friday, hitting $52.23. The stock had a trading volume of 712,667 shares, compared to its average volume of 655,808. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $77.74. The company's fifty day simple moving average is $62.58 and its 200 day simple moving average is $60.83. The stock has a market cap of $4.15 billion, a PE ratio of -180.10 and a beta of 0.82.

Intapp (NASDAQ:INTA - Get Free Report) last posted 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 return on equity of 1.86% and a negative net margin of 4.78%. As a group, equities analysts expect that Intapp, Inc. will post -0.14 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on INTA. Citigroup reissued a "neutral" rating and set a $78.00 price target (down from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Stifel Nicolaus boosted their target price on Intapp from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Piper Sandler reaffirmed an "overweight" rating and issued a $71.00 target price (up from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Truist Financial lifted their price target on Intapp from $55.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Finally, UBS Group upped their price objective on Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. 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.com, Intapp has a consensus rating of "Moderate Buy" and an average target price of $66.45.

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.