Vanguard Group Inc. Has $408.14 Million Holdings in Intapp, Inc. (NASDAQ:INTA)

Vanguard Group Inc. increased its holdings in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 11.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,368,216 shares of the company's stock after buying an additional 672,832 shares during the quarter. Vanguard Group Inc. owned 8.02% of Intapp worth $408,139,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTA. Global Retirement Partners LLC acquired a new stake in shares of Intapp during the fourth quarter worth $25,000. Raleigh Capital Management Inc. acquired a new position in shares of Intapp during the fourth quarter worth about $25,000. SBI Securities Co. Ltd. acquired a new position in shares of Intapp during the fourth quarter worth about $32,000. Wilmington Savings Fund Society FSB bought a new position in shares of Intapp during the third quarter worth about $64,000. Finally, OFI Invest Asset Management acquired a new stake in Intapp in the 4th quarter valued at approximately $102,000. 89.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on INTA shares. Truist Financial raised their price target on shares of Intapp from $55.00 to $77.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Stifel Nicolaus raised their target price on shares of Intapp from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. lifted their price target on shares of Intapp from $58.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Raymond James restated a "market perform" rating on shares of Intapp in a research note on Friday, January 3rd. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $71.00 target price (up previously from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $66.45.

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Insider Buying and Selling at Intapp

In other news, insider Michele Murgel sold 7,531 shares of the business'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 transaction of $518,358.73. Following the completion of the sale, the insider now owns 223,945 shares in the company, valued at $15,414,134.35. The trade was a 3.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Thad Jampol sold 20,000 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $61.85, for a total value of $1,237,000.00. Following the transaction, the insider now owns 828,197 shares in the company, valued at approximately $51,223,984.45. This trade represents a 2.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 294,755 shares of company stock worth $18,325,761 over the last ninety days. Insiders own 13.02% of the company's stock.

Intapp Stock Performance

Intapp stock traded up $1.35 during midday trading on Monday, reaching $52.30. 805,210 shares of the company's stock were exchanged, compared to its average volume of 651,343. The stock's 50-day simple moving average is $64.82 and its 200 day simple moving average is $60.84. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of -180.34 and a beta of 0.82. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last issued its earnings results 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%. Research analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current year.

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.