Sanctuary Advisors LLC Has $308,000 Stock Holdings in Intapp, Inc. (NASDAQ:INTA)

Sanctuary Advisors LLC reduced its stake in shares of Intapp, Inc. (NASDAQ:INTA) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,812 shares of the company’s stock after selling 177 shares during the quarter. Sanctuary Advisors LLC’s holdings in Intapp were worth $308,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Raleigh Capital Management Inc. acquired a new stake in shares of Intapp during the 4th quarter worth $25,000. Farther Finance Advisors LLC grew its holdings in shares of Intapp by 1,054.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after purchasing an additional 527 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Intapp during the 3rd quarter worth $54,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Intapp during the 3rd quarter worth $64,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of Intapp by 59.1% during the 3rd 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. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intapp

In other news, insider Thad Jampol sold 20,000 shares of the firm’s stock in a transaction dated 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 directly owns 828,197 shares in the company, valued at $51,223,984.45. This trade represents a 2.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ralph Baxter sold 9,289 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was 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 of the company’s stock, valued at $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 259,109 shares of company stock worth $17,479,381. 13.02% of the stock is currently owned by insiders.

Intapp Trading Down 0.3 %

Intapp stock opened at $63.24 on Wednesday. The company has a market capitalization of $5.02 billion, a PE ratio of -218.06 and a beta of 0.74. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $77.74. The stock has a 50-day moving average price of $68.03 and a two-hundred day moving average price of $58.38.

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

Wall Street Analyst Weigh In

INTA has been the topic of several analyst reports. Barclays increased their target price on Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Piper Sandler reaffirmed an “overweight” rating and issued a $71.00 price objective (up from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. JPMorgan Chase & Co. raised their price objective on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Stifel Nicolaus raised their price objective on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $78.00 price objective (down from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Intapp currently has an average rating of “Moderate Buy” and a consensus target price of $66.45.

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.