Zacks Investment Management Boosts Stock Holdings in Intapp, Inc. (NASDAQ:INTA)

Zacks Investment Management boosted its position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 1,810.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,010 shares of the company's stock after purchasing an additional 150,688 shares during the period. Zacks Investment Management owned about 0.20% of Intapp worth $10,191,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. bought a new position in shares of Intapp during the 4th quarter worth approximately $291,000. Venturi Wealth Management LLC acquired a new stake in shares of Intapp in the fourth quarter valued at about $305,000. Charles Schwab Investment Management Inc. raised its holdings in Intapp by 17.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 448,666 shares of the company's stock worth $28,755,000 after acquiring an additional 67,694 shares in the last quarter. Barclays PLC grew its stake in Intapp by 90.1% in the third quarter. Barclays PLC now owns 106,781 shares of the company's stock valued at $5,108,000 after purchasing an additional 50,607 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Intapp during the 4th quarter worth approximately $378,000. 89.96% of the stock is currently owned by institutional investors.

Insider Activity

In other Intapp news, CFO David H. Morton, Jr. sold 5,445 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $374,779.35. Following the completion of the transaction, the chief financial officer now directly owns 38,996 shares of the company's stock, valued at $2,684,094.68. This trade represents a 12.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thad Jampol sold 20,000 shares of the business's stock in a transaction dated 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 owns 857,250 shares of the company's stock, valued at approximately $48,991,837.50. The trade was a 2.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 274,755 shares of company stock valued at $17,088,761 over the last quarter. Company insiders own 13.02% of the company's stock.

Intapp Stock Up 2.1 %

Intapp stock traded up $1.04 during mid-day trading on Tuesday, reaching $49.53. 88,670 shares of the company's stock were exchanged, compared to its average volume of 654,873. The firm has a market capitalization of $3.93 billion, a PE ratio of -170.79 and a beta of 0.82. The business's fifty day simple moving average is $60.20 and its 200 day simple moving average is $61.08. Intapp, Inc. has a one year low of $30.36 and a one year high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last released 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, sell-side analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on INTA. Truist Financial reduced their target price on shares of Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Citigroup reiterated a "neutral" rating and issued a $78.00 price objective (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Raymond James reaffirmed a "market perform" rating on shares of Intapp in a report on Friday, January 3rd. Barclays lowered their price objective on Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Finally, UBS Group increased their price objective on Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Intapp has a consensus rating of "Moderate Buy" and an average target price of $64.91.

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.