Janney Montgomery Scott LLC Makes New $378,000 Investment in Intapp, Inc. (NASDAQ:INTA)

Janney Montgomery Scott LLC purchased a new stake in shares of Intapp, Inc. (NASDAQ:INTA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,903 shares of the company’s stock, valued at approximately $378,000.

A number of other hedge funds also recently bought and sold shares of INTA. FMR LLC grew its position in shares of Intapp by 7.8% during the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock valued at $270,668,000 after acquiring an additional 411,434 shares during the period. Bamco Inc. NY lifted its position in Intapp by 1.2% during the third quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock valued at $136,337,000 after purchasing an additional 34,409 shares in the last quarter. Praesidium Investment Management Company LLC grew its holdings in Intapp by 15.3% during the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock valued at $92,316,000 after purchasing an additional 256,327 shares during the period. Loomis Sayles & Co. L P increased its position in Intapp by 29.9% in the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after buying an additional 343,275 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Intapp by 9.9% in the third quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock worth $50,291,000 after buying an additional 95,035 shares during the period. Institutional investors own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on INTA shares. Piper Sandler reaffirmed an “overweight” rating and set a $71.00 price target (up previously from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Truist Financial upped their target price on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Stifel Nicolaus raised their price target on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. increased their target price on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.45.

Insider Activity at Intapp

In related news, CEO John T. Hall sold 44,009 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $59.30, for a total value of $2,609,733.70. Following the transaction, the chief executive officer now owns 5,093,692 shares in the company, valued at $302,055,935.60. The trade was a 0.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ralph Baxter sold 9,289 shares of Intapp stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $70.14, for a total transaction of $651,530.46. Following the completion of the transaction, the director now owns 9,441 shares in the company, valued at approximately $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. Insiders have sold 316,846 shares of company stock valued at $20,158,913 over the last quarter. 13.02% of the stock is owned by insiders.

Intapp Price Performance

Shares of INTA stock opened at $71.05 on Tuesday. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $75.90. The firm has a market cap of $5.64 billion, a PE ratio of -244.99 and a beta of 0.74. The company has a 50-day moving average of $67.49 and a two-hundred day moving average of $54.62.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share 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%. Sell-side analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

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.