Oppenheimer Asset Management Inc. Sells 1,104 Shares of Intapp, Inc. (NASDAQ:INTA)

Oppenheimer Asset Management Inc. cut its holdings in shares of Intapp, Inc. (NASDAQ:INTA) by 6.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,411 shares of the company’s stock after selling 1,104 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Intapp were worth $638,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Victory Capital Management Inc. bought a new stake in Intapp during the fourth quarter worth about $257,000. Amalgamated Bank raised its stake in shares of Intapp by 30.5% during the 4th quarter. Amalgamated Bank now owns 3,957 shares of the company’s stock worth $150,000 after purchasing an additional 924 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Intapp by 23.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 235,629 shares of the company’s stock valued at $8,959,000 after buying an additional 45,254 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Intapp by 160.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,376 shares of the company’s stock valued at $242,000 after buying an additional 3,931 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in Intapp during the fourth quarter worth $1,616,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Thad Jampol sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $34.92, for a total value of $523,800.00. Following the completion of the sale, the insider now directly owns 749,652 shares in the company, valued at $26,177,847.84. The sale was disclosed in a filing with the SEC, which is available at this link. In other Intapp news, COO Donald F. Coleman sold 5,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $34.94, for a total transaction of $174,700.00. Following the sale, the chief operating officer now directly owns 648,411 shares in the company, valued at $22,655,480.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thad Jampol sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $34.92, for a total transaction of $523,800.00. Following the completion of the transaction, the insider now owns 749,652 shares of the company’s stock, valued at $26,177,847.84. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $880,950 in the last quarter. Corporate insiders own 36.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on INTA. Piper Sandler reiterated an “overweight” rating and issued a $46.00 price target on shares of Intapp in a research note on Wednesday, August 14th. UBS Group raised their target price on shares of Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Barclays boosted their price target on Intapp from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 14th. Bank of America cut their price objective on Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Finally, Oppenheimer reissued a “market perform” rating on shares of Intapp in a report on Monday, July 8th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.11.

Intapp Price Performance

INTA opened at $49.00 on Friday. The business has a fifty day simple moving average of $39.97 and a 200 day simple moving average of $36.29. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $49.86. The company has a market capitalization of $3.60 billion, a PE ratio of -81.07 and a beta of 0.65.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. Intapp had a negative net margin of 7.44% and a negative return on equity of 5.36%. The company had revenue of $114.38 million during the quarter, compared to analysts’ expectations of $111.58 million. During the same quarter in the previous year, the business posted ($0.14) earnings per share. Intapp’s quarterly revenue was up 20.9% on a year-over-year basis. Equities analysts anticipate that Intapp, Inc. will post -0.15 earnings per share for the current fiscal 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.