Intapp, Inc. (NASDAQ:INTA) Shares Acquired by Invesco Ltd.

Invesco Ltd. grew its position in shares of Intapp, Inc. (NASDAQ:INTA) by 6,506.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,980,506 shares of the company’s stock after buying an additional 1,950,526 shares during the period. Invesco Ltd.’s holdings in Intapp were worth $126,931,000 as of its most recent SEC filing.

Other 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 worth about $25,000. Global Retirement Partners LLC acquired a new stake in Intapp during the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. bought a new stake in Intapp during the fourth quarter worth approximately $32,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Intapp during the 3rd quarter valued at $64,000. Finally, Huntington National Bank boosted its stake 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 acquiring an additional 512 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insiders Place Their Bets

In related news, insider Thad Jampol sold 112,928 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $59.27, for a total value of $6,693,242.56. Following the transaction, the insider now owns 857,250 shares of the company’s stock, valued at $50,809,207.50. This represents a 11.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michele Murgel sold 1,962 shares of Intapp stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $60.00, for a total transaction of $117,720.00. Following the completion of the transaction, the insider now owns 182,462 shares in the company, valued at approximately $10,947,720. The trade was a 1.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 274,755 shares of company stock valued at $17,088,761. Corporate insiders own 13.02% of the company’s stock.

Analyst Ratings Changes

INTA has been the subject of several research reports. Barclays raised their price target on shares of Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Stifel Nicolaus increased their price objective on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Piper Sandler reaffirmed an “overweight” rating and set a $71.00 price objective (up previously from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Finally, 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 report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.45.

Intapp Stock Performance

Shares of NASDAQ:INTA opened at $52.23 on Friday. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $77.74. The company has a fifty day moving average of $62.58 and a 200-day moving average of $60.83. The company has a market capitalization of $4.15 billion, a PE ratio of -180.10 and a beta of 0.82.

Intapp (NASDAQ:INTA) last issued its quarterly 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 return on equity of 1.86% and a negative net margin of 4.78%. On average, equities analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal 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.