Venturi Wealth Management LLC Takes $305,000 Position in Intapp, Inc. (NASDAQ:INTA)

Venturi Wealth Management LLC acquired a new stake in shares of Intapp, Inc. (NASDAQ:INTA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,761 shares of the company’s stock, valued at approximately $305,000.

A number of other large investors also recently bought and sold shares of INTA. FMR LLC boosted its position in Intapp by 7.8% during the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock valued at $270,668,000 after acquiring an additional 411,434 shares in the last quarter. Bamco Inc. NY lifted its stake in shares of Intapp by 1.2% during the 3rd quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock worth $136,337,000 after purchasing an additional 34,409 shares during the last quarter. Praesidium Investment Management Company LLC boosted its position in Intapp by 15.3% during the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock valued at $92,316,000 after purchasing an additional 256,327 shares in the last quarter. Loomis Sayles & Co. L P grew its stake in Intapp by 29.9% in the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock valued at $71,392,000 after purchasing an additional 343,275 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Intapp by 9.9% in the third quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock valued at $50,291,000 after purchasing an additional 95,035 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Insider Activity

In other news, insider Thad Jampol sold 20,000 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $67.97, for a total transaction of $1,359,400.00. Following the transaction, the insider now owns 798,222 shares of the company’s stock, valued at approximately $54,255,149.34. The trade was a 2.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Scott Fitzgerald sold 3,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $63.53, for a total transaction of $190,590.00. Following the completion of the sale, the chief marketing officer now directly owns 42,212 shares of the company’s stock, valued at $2,681,728.36. This represents a 6.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 225,490 shares of company stock worth $14,738,686 over the last ninety days. Corporate insiders own 13.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on INTA shares. Raymond James reissued a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Citigroup reissued a “neutral” rating and set a $78.00 target price (down previously from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Stifel Nicolaus lifted their price target on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. UBS Group upped their price target on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, Barclays raised their price objective on Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $66.45.

Intapp Stock Down 4.8 %

Intapp stock opened at $69.36 on Friday. The company has a fifty day simple moving average of $68.18 and a 200-day simple moving average of $56.36. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of -239.16 and a beta of 0.74. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $77.74.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) earnings per share (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%. On average, research analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Intapp Company 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.