Intapp, Inc. (NASDAQ:INTA) Stock Holdings Lessened by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 10.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 155,028 shares of the company's stock after selling 18,256 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.20% of Intapp worth $7,415,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. FMR LLC raised its position in Intapp by 7.8% during the third quarter. FMR LLC now owns 5,658,957 shares of the company's stock worth $270,668,000 after acquiring an additional 411,434 shares during the last quarter. Loomis Sayles & Co. L P lifted its stake in Intapp by 29.9% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company's stock valued at $71,392,000 after buying an additional 343,275 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Intapp by 64.0% during the 2nd quarter. Clearbridge Investments LLC now owns 772,255 shares of the company's stock valued at $28,319,000 after buying an additional 301,238 shares during the last quarter. F M Investments LLC purchased a new position in Intapp during the second quarter worth $7,006,000. Finally, Dai ichi Life Insurance Company Ltd acquired a new position in shares of Intapp in the third quarter worth $7,118,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Intapp Price Performance

INTA stock traded up $1.05 during midday trading on Tuesday, reaching $68.11. 609,699 shares of the company's stock traded hands, compared to its average volume of 638,804. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $69.33. The business has a 50-day moving average price of $54.65 and a two-hundred day moving average price of $44.43. The company has a market capitalization of $5.27 billion, a P/E ratio of -235.45 and a beta of 0.74.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.08. The firm had revenue of $118.81 million during the quarter, compared to analysts' expectations of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The firm's revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.20) EPS. As a group, research analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Michele Murgel sold 1,252 shares of the company's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $62,600.00. Following the sale, the insider now directly owns 152,702 shares of the company's stock, valued at $7,635,100. This represents a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thad Jampol sold 20,000 shares of the business's stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $45.09, for a total transaction of $901,800.00. Following the completion of the sale, the insider now directly owns 772,412 shares of the company's stock, valued at $34,828,057.08. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 403,215 shares of company stock worth $22,106,070. 13.02% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on INTA shares. Stifel Nicolaus lifted their price objective on Intapp from $45.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, September 23rd. Barclays upped their price objective on shares of Intapp from $44.00 to $48.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 5th. Citigroup lifted their target price on shares of Intapp from $52.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. Raymond James increased their price target on Intapp from $46.00 to $55.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. Finally, Bank of America lowered their price objective on Intapp from $52.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, August 14th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $55.09.

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.