Sanctuary Advisors LLC Acquires Shares of 4,989 Intapp, Inc. (NASDAQ:INTA)

Sanctuary Advisors LLC purchased a new stake in shares of Intapp, Inc. (NASDAQ:INTA) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,989 shares of the company’s stock, valued at approximately $239,000.

A number of other large investors also recently bought and sold shares of the business. Farther Finance Advisors LLC raised its position in Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after buying an additional 527 shares during the last quarter. Quest Partners LLC purchased a new position in Intapp during the third quarter valued at $54,000. Financial Management Professionals Inc. bought a new position in shares of Intapp during the 3rd quarter valued at approximately $57,000. Advisors Asset Management Inc. increased its stake in shares of Intapp by 59.1% in the third quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock worth $67,000 after purchasing an additional 519 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Intapp by 147.0% in the third quarter. Blue Trust Inc. now owns 2,139 shares of the company’s stock worth $102,000 after acquiring an additional 1,273 shares during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on INTA. Citigroup increased their price target on Intapp from $63.00 to $87.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Stifel Nicolaus increased their price objective on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Barclays boosted their target price on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Truist Financial upped their price target on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Raymond James lifted their price objective on Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Intapp presently has an average rating of “Moderate Buy” and a consensus target price of $60.64.

Insider Buying and Selling

In other news, CEO John T. Hall sold 70,986 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $68.83, for a total transaction of $4,885,966.38. Following the transaction, the chief executive officer now directly owns 5,026,096 shares of the company’s stock, valued at approximately $345,946,187.68. This trade represents a 1.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ralph Baxter sold 9,289 shares of Intapp stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $70.14, for a total value of $651,530.46. Following the transaction, the director now owns 9,441 shares in the company, valued at approximately $662,191.74. This trade represents a 49.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 409,624 shares of company stock worth $24,909,164. Corporate insiders own 13.02% of the company’s stock.

Intapp Price Performance

Intapp stock opened at $65.85 on Monday. The stock has a market capitalization of $5.10 billion, a P/E ratio of -227.07 and a beta of 0.74. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $71.34. The firm’s 50-day moving average is $59.96 and its two-hundred day moving average is $47.50.

Intapp (NASDAQ:INTA) last issued its earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The firm had revenue of $118.81 million for the quarter, compared to analysts’ expectations of $117.88 million. During the same quarter last year, the firm earned ($0.20) earnings per share. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, analysts forecast that Intapp, Inc. will post -0.14 EPS for the current 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.