Raymond James Financial Services Advisors Inc. Purchases 1,978 Shares of Intapp, Inc. (NASDAQ:INTA)

Raymond James Financial Services Advisors Inc. lifted its position in Intapp, Inc. (NASDAQ:INTA) by 11.5% during the 4th quarter, Holdings Channel reports. The firm owned 19,152 shares of the company’s stock after acquiring an additional 1,978 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Intapp were worth $728,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Raymond James & Associates grew its holdings in shares of Intapp by 11.0% in the fourth quarter. Raymond James & Associates now owns 69,649 shares of the company’s stock worth $2,648,000 after purchasing an additional 6,907 shares during the last quarter. Vanguard Group Inc. lifted its stake in Intapp by 10.2% in the third quarter. Vanguard Group Inc. now owns 2,809,281 shares of the company’s stock worth $94,167,000 after acquiring an additional 260,610 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in Intapp by 27.7% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 32,171 shares of the company’s stock worth $1,078,000 after acquiring an additional 6,976 shares during the period. Wellington Management Group LLP lifted its stake in Intapp by 60.0% in the third quarter. Wellington Management Group LLP now owns 989,722 shares of the company’s stock worth $33,175,000 after acquiring an additional 371,181 shares during the period. Finally, Spouting Rock Asset Management LLC lifted its stake in Intapp by 10.4% in the third quarter. Spouting Rock Asset Management LLC now owns 11,327 shares of the company’s stock worth $380,000 after acquiring an additional 1,065 shares during the period. Institutional investors own 89.96% of the company’s stock.

Insider Transactions at Intapp

In other news, Director George R. Neble sold 1,500 shares of Intapp stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $31.38, for a total value of $47,070.00. Following the completion of the transaction, the director now owns 29,047 shares of the company’s stock, valued at approximately $911,494.86. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director George R. Neble sold 1,500 shares of Intapp stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $31.38, for a total value of $47,070.00. Following the completion of the transaction, the director now owns 29,047 shares of the company’s stock, valued at approximately $911,494.86. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Donald F. Coleman sold 8,912 shares of Intapp stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $44.01, for a total value of $392,217.12. Following the completion of the transaction, the chief operating officer now directly owns 612,011 shares of the company’s stock, valued at approximately $26,934,604.11. The disclosure for this sale can be found here. Insiders sold a total of 7,200,163 shares of company stock valued at $262,243,874 in the last quarter. 36.56% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $52.00 price target on shares of Intapp in a research note on Monday, February 26th. Citigroup assumed coverage on Intapp in a research note on Tuesday, January 23rd. They issued a “buy” rating and a $57.00 price target for the company. Stifel Nicolaus raised their price target on Intapp from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Barclays lowered their price objective on Intapp from $47.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, April 11th. Finally, Truist Financial raised their price objective on Intapp from $46.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, Intapp has an average rating of “Buy” and a consensus target price of $49.22.

Intapp Trading Up 0.8 %

Shares of Intapp stock opened at $31.33 on Wednesday. The firm has a market capitalization of $2.29 billion, a P/E ratio of -39.16 and a beta of 0.51. The business has a fifty day simple moving average of $36.22 and a two-hundred day simple moving average of $37.55. Intapp, Inc. has a 12 month low of $30.58 and a 12 month high of $50.46.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Tuesday, February 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.05. The firm had revenue of $103.93 million during the quarter, compared to analyst estimates of $103.17 million. Intapp had a negative return on equity of 12.98% and a negative net margin of 13.81%. Analysts predict that Intapp, Inc. will post -0.53 earnings per share for the current 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.