Allspring Global Investments Holdings LLC Decreases Holdings in Intapp, Inc. (NASDAQ:INTA)

Allspring Global Investments Holdings LLC cut its holdings in shares of Intapp, Inc. (NASDAQ:INTA) by 6.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,408 shares of the company’s stock after selling 474 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Intapp were worth $306,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. J.Safra Asset Management Corp increased its position in shares of Intapp by 634.0% during the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after purchasing an additional 615 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Intapp by 239.1% during the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after acquiring an additional 581 shares during the period. Blue Trust Inc. bought a new position in shares of Intapp during the 2nd quarter worth $30,000. Comerica Bank grew its stake in shares of Intapp by 218.4% during the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after acquiring an additional 865 shares during the period. Finally, Covestor Ltd grew its stake in shares of Intapp by 52.0% during the 1st quarter. Covestor Ltd now owns 2,395 shares of the company’s stock worth $82,000 after acquiring an additional 819 shares during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on INTA. Stifel Nicolaus increased their price target on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Barclays reiterated an “equal weight” rating and set a $44.00 price target on shares of Intapp in a research note on Monday, October 7th. Citigroup increased their price target on Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Piper Sandler reiterated an “overweight” rating and set a $46.00 price target on shares of Intapp in a research note on Wednesday, August 14th. Finally, UBS Group increased their price target on Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $50.00.

Intapp Stock Performance

Shares of NASDAQ INTA opened at $49.50 on Friday. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $51.80. The business has a 50-day simple moving average of $47.52 and a two-hundred day simple moving average of $39.59.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. Intapp had a negative return on equity of 5.36% and a negative net margin of 7.44%. The firm had revenue of $114.38 million for the quarter, compared to analysts’ expectations of $111.58 million. During the same quarter last year, the firm posted ($0.14) EPS. The company’s revenue was up 20.9% compared to the same quarter last year. On average, equities research analysts expect that Intapp, Inc. will post -0.15 EPS for the current fiscal year.

Insider Buying and Selling at Intapp

In other Intapp news, insider Thad Jampol sold 31,666 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $49.09, for a total value of $1,554,483.94. Following the sale, the insider now owns 772,412 shares of the company’s stock, valued at $37,917,705.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Intapp news, insider Thad Jampol sold 31,666 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $49.09, for a total value of $1,554,483.94. Following the sale, the insider now owns 772,412 shares of the company’s stock, valued at $37,917,705.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michele Murgel sold 1,252 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $62,600.00. Following the completion of the sale, the insider now directly owns 152,702 shares in the company, valued at approximately $7,635,100. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 151,239 shares of company stock valued at $7,360,981 in the last 90 days. Corporate insiders own 13.02% of the company’s stock.

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.