Allworth Financial LP Boosts Stake in Intapp, Inc. (NASDAQ:INTA)

Allworth Financial LP lifted its holdings in Intapp, Inc. (NASDAQ:INTA) by 11,650.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,115 shares of the company’s stock after buying an additional 2,097 shares during the period. Allworth Financial LP’s holdings in Intapp were worth $147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in Intapp by 1.1% during the third quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company’s stock worth $1,187,000 after purchasing an additional 264 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in Intapp by 7.2% during the third quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company’s stock worth $265,000 after purchasing an additional 373 shares during the last quarter. Raleigh Capital Management Inc. acquired a new stake in Intapp during the fourth quarter worth about $25,000. Advisors Asset Management Inc. increased 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 worth $67,000 after purchasing an additional 519 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in Intapp by 1,054.0% during the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after purchasing an additional 527 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Intapp Stock Down 4.7 %

Shares of Intapp stock opened at $66.11 on Monday. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $77.74. The company has a 50 day moving average of $68.13 and a 200 day moving average of $56.96. The company has a market capitalization of $5.25 billion, a P/E ratio of -227.96 and a beta of 0.74.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. As a group, research analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Activity

In other Intapp news, insider Thad Jampol sold 20,000 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were 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 in the company, valued at approximately $51,223,984.45. This represents a 2.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Benjamin Harrison sold 22,373 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $68.87, for a total transaction of $1,540,828.51. The disclosure for this sale can be found here. In the last quarter, insiders sold 225,846 shares of company stock worth $15,329,044. Corporate insiders own 13.02% of the company’s stock.

Analyst Ratings Changes

INTA has been the subject of a number of recent analyst reports. UBS Group lifted their price target on shares of Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Barclays lifted their price target on shares of Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Raymond James reiterated a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Stifel Nicolaus lifted their price target on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Citigroup restated a “neutral” rating and issued a $78.00 price objective (down previously from $87.00) on shares of Intapp in a report on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Intapp presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.45.

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.