Bleakley Financial Group LLC Sells 795 Shares of Intapp, Inc. (NASDAQ:INTA)

Bleakley Financial Group LLC decreased its position in Intapp, Inc. (NASDAQ:INTA) by 12.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,428 shares of the company’s stock after selling 795 shares during the quarter. Bleakley Financial Group LLC’s holdings in Intapp were worth $260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of INTA. Vanguard Group Inc. raised its stake in Intapp by 25.1% during the fourth quarter. Vanguard Group Inc. now owns 3,513,549 shares of the company’s stock valued at $133,585,000 after purchasing an additional 704,268 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Intapp by 160.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,376 shares of the company’s stock valued at $242,000 after buying an additional 3,931 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Intapp by 79.7% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 13,611 shares of the company’s stock valued at $467,000 after acquiring an additional 6,035 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Intapp by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,379 shares of the company’s stock worth $390,000 after acquiring an additional 959 shares in the last quarter. Finally, Capstone Investment Advisors LLC increased its stake in Intapp by 23.4% during the first quarter. Capstone Investment Advisors LLC now owns 21,104 shares of the company’s stock worth $724,000 after acquiring an additional 4,007 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on INTA. Stifel Nicolaus lifted their target price on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Piper Sandler reissued an “overweight” rating and issued a $46.00 target price on shares of Intapp in a research note on Wednesday, August 14th. UBS Group lifted their price target on shares of Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Bank of America reduced their price objective on shares of Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Finally, Barclays restated an “equal weight” rating and set a $44.00 target price on shares of Intapp in a research report on Monday, October 7th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Intapp currently has an average rating of “Moderate Buy” and an average price target of $50.00.

Insider Activity

In other Intapp news, insider Thad Jampol sold 31,666 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $49.09, for a total transaction of $1,554,483.94. Following the completion of the sale, the insider now owns 772,412 shares in the company, valued at $37,917,705.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Intapp news, COO Donald F. Coleman sold 5,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $34.94, for a total transaction of $174,700.00. Following the completion of the sale, the chief operating officer now directly owns 648,411 shares of the company’s stock, valued at approximately $22,655,480.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Thad Jampol sold 31,666 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $49.09, for a total transaction of $1,554,483.94. Following the sale, the insider now directly owns 772,412 shares of the company’s stock, valued at approximately $37,917,705.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 156,239 shares of company stock worth $7,535,681. 36.56% of the stock is currently owned by corporate insiders.

Intapp Price Performance

Shares of NASDAQ:INTA opened at $49.39 on Thursday. The business’s 50 day moving average is $46.19 and its 200 day moving average is $38.60. The stock has a market cap of $3.63 billion, a P/E ratio of -80.97 and a beta of 0.65. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $51.80.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.12 by $0.03. Intapp had a negative return on equity of 5.36% and a negative net margin of 7.44%. The firm had revenue of $114.38 million for the quarter, compared to analyst estimates of $111.58 million. During the same quarter last year, the firm posted ($0.14) earnings per share. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. On average, sell-side analysts anticipate that Intapp, Inc. will post -0.15 EPS 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.