6,039 Shares in Intapp, Inc. (NASDAQ:INTA) Purchased by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC bought a new stake in Intapp, Inc. (NASDAQ:INTA) in the 4th quarter, Holdings Channel reports. The institutional investor bought 6,039 shares of the company’s stock, valued at approximately $387,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Raleigh Capital Management Inc. acquired a new position in Intapp during the fourth quarter valued at approximately $25,000. Global Retirement Partners LLC acquired a new stake in shares of Intapp in the 4th quarter valued at $25,000. SBI Securities Co. Ltd. acquired a new position in shares of Intapp during the 4th quarter worth $32,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Intapp during the 3rd quarter worth $64,000. Finally, Huntington National Bank lifted its position in shares of Intapp by 53.2% during the 4th quarter. Huntington National Bank now owns 1,474 shares of the company’s stock worth $94,000 after buying an additional 512 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on INTA shares. Stifel Nicolaus increased their target price on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Raymond James reissued a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. UBS Group boosted their target price on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Citigroup reiterated a “neutral” rating and set a $78.00 price target (down from $87.00) on shares of Intapp in a report on Thursday, January 16th. Finally, Truist Financial raised their price objective on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a report on Friday, December 13th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.45.

Insider Activity at Intapp

In other news, insider Thad Jampol sold 20,000 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $61.85, for a total transaction of $1,237,000.00. Following the completion of the sale, the insider now directly owns 828,197 shares of the company’s stock, valued at $51,223,984.45. The trade was a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO David H. Morton, Jr. sold 5,445 shares of Intapp stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $374,779.35. Following the transaction, the chief financial officer now 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 disclosure for this sale can be found here. Insiders sold 294,755 shares of company stock valued at $18,325,761 in the last three months. Corporate insiders own 13.02% of the company’s stock.

Intapp Stock Down 6.8 %

INTA stock opened at $50.95 on Monday. The company’s fifty day simple moving average is $65.12 and its 200 day simple moving average is $60.82. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $77.74. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of -175.68 and a beta of 0.82.

Intapp (NASDAQ:INTA) last announced 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 net margin of 4.78% and a negative return on equity of 1.86%. Research analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current 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.