Stephens Investment Management Group LLC Sells 30,596 Shares of Intapp, Inc. (NASDAQ:INTA)

Stephens Investment Management Group LLC reduced its stake in shares of Intapp, Inc. (NASDAQ:INTA) by 12.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,216 shares of the company’s stock after selling 30,596 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.28% of Intapp worth $13,793,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in INTA. The Manufacturers Life Insurance Company lifted its position in shares of Intapp by 1.1% during the third quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company’s stock valued at $1,187,000 after buying an additional 264 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Intapp by 7.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company’s stock worth $265,000 after acquiring an additional 373 shares in the last quarter. Raleigh Capital Management Inc. purchased a new stake in Intapp during the fourth quarter valued at approximately $25,000. Advisors Asset Management Inc. boosted its stake in Intapp by 59.1% in the third quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock valued at $67,000 after acquiring an additional 519 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after purchasing an additional 527 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Insider Transactions at Intapp

In other news, CMO Scott Fitzgerald sold 3,000 shares of Intapp stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $64.38, for a total transaction of $193,140.00. Following the completion of the transaction, the chief marketing officer now directly owns 39,212 shares of the company’s stock, valued at $2,524,468.56. The trade was a 7.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thad Jampol sold 20,174 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total transaction of $1,196,318.20. Following the completion of the transaction, the insider now owns 803,400 shares of the company’s stock, valued at approximately $47,641,620. This represents a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 316,846 shares of company stock worth $20,158,913 over the last quarter. 13.02% of the stock is currently owned by insiders.

Intapp Trading Up 0.8 %

Shares of NASDAQ INTA opened at $71.65 on Monday. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of -247.06 and a beta of 0.74. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $75.90. The company has a 50 day simple moving average of $67.36 and a two-hundred day simple moving average of $54.37.

Intapp (NASDAQ:INTA) last posted its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) 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%. Analysts forecast that Intapp, Inc. will post -0.14 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on INTA shares. JPMorgan Chase & Co. increased their price objective on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Barclays increased their price target on Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Truist Financial boosted their price target on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Stifel Nicolaus increased their price objective 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. Finally, Piper Sandler reissued an “overweight” rating and set a $71.00 target price (up previously from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.45.

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.