Intapp, Inc. (NASDAQ:INTA) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in shares of Intapp, Inc. (NASDAQ:INTA) by 17.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 448,666 shares of the company’s stock after purchasing an additional 67,694 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.58% of Intapp worth $28,755,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. acquired a new stake in Intapp during the fourth quarter valued at approximately $291,000. FORA Capital LLC acquired a new stake in Intapp during the third quarter valued at approximately $566,000. Loomis Sayles & Co. L P lifted its position in shares of Intapp by 29.9% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock valued at $71,392,000 after acquiring an additional 343,275 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Intapp in the 4th quarter valued at approximately $305,000. Finally, Barclays PLC lifted its position in shares of Intapp by 90.1% in the 3rd quarter. Barclays PLC now owns 106,781 shares of the company’s stock valued at $5,108,000 after acquiring an additional 50,607 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Citigroup restated a “neutral” rating and issued a $78.00 price target (down previously from $87.00) on shares of Intapp in a research report on Thursday, January 16th. UBS Group upped their price objective on shares of Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Piper Sandler reiterated an “overweight” rating and issued a $71.00 price objective (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Barclays upped their price objective on shares of Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Finally, Truist Financial upped their price objective 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. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Intapp currently has an average rating of “Moderate Buy” and an average target price of $66.45.

Insider Buying and Selling at Intapp

In other news, CFO David H. Morton, Jr. sold 5,445 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $374,779.35. Following the completion of the transaction, the chief financial officer now directly owns 38,996 shares of the company’s stock, valued at approximately $2,684,094.68. This trade represents a 12.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the insider now directly owns 828,197 shares of the company’s stock, valued at $51,223,984.45. The trade was a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 159,461 shares of company stock valued at $10,300,656 in the last ninety days. Company insiders own 13.02% of the company’s stock.

Intapp Stock Up 1.3 %

Shares of INTA opened at $60.03 on Tuesday. The company’s fifty day moving average is $67.19 and its 200-day moving average is $59.41. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $77.74. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of -206.99 and a beta of 0.76.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates 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, research analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal 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.