JPMorgan Chase & Co. Sells 298,735 Shares of Intapp, Inc. (NASDAQ:INTA)

JPMorgan Chase & Co. lowered its position in Intapp, Inc. (NASDAQ:INTA) by 67.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 141,518 shares of the company’s stock after selling 298,735 shares during the quarter. JPMorgan Chase & Co. owned about 0.18% of Intapp worth $6,769,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Farther Finance Advisors LLC increased its stake 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 acquiring an additional 527 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Intapp during the third quarter worth about $54,000. Financial Management Professionals Inc. bought a new position in shares of Intapp in the third quarter worth approximately $57,000. Wilmington Savings Fund Society FSB purchased a new stake in Intapp in the third quarter valued at approximately $64,000. Finally, Advisors Asset Management Inc. lifted its position in Intapp by 59.1% during the third quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock valued at $67,000 after purchasing an additional 519 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Insider Transactions at Intapp

In other Intapp news, CEO John T. Hall sold 70,986 shares of the business’s stock in a transaction on Monday, December 16th. The shares were 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. The trade was a 1.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thad Jampol sold 20,000 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $61.85, for a total transaction of $1,237,000.00. Following the completion of the transaction, the insider now owns 828,197 shares of the company’s stock, valued at $51,223,984.45. This trade represents a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 402,624 shares of company stock worth $24,954,154. Company insiders own 13.02% of the company’s stock.

Intapp Stock Performance

NASDAQ:INTA opened at $66.98 on Thursday. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $71.34. The firm has a market cap of $5.18 billion, a PE ratio of -230.97 and a beta of 0.73. The business has a 50 day moving average price of $63.36 and a 200-day moving average price of $50.02.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The company had revenue of $118.81 million during the quarter, compared to analyst estimates of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.20) EPS. Research analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on INTA shares. Raymond James reissued a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Piper Sandler restated an “overweight” rating and set a $60.00 price target (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Citigroup upped their price objective on Intapp from $63.00 to $87.00 and gave the stock a “buy” rating in a report on Monday, December 16th. JPMorgan Chase & Co. raised 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. Finally, Barclays upped their target price on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $60.64.

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.