Calamos Advisors LLC Decreases Stake in Intapp, Inc. (NASDAQ:INTA)

Calamos Advisors LLC trimmed its holdings in shares of Intapp, Inc. (NASDAQ:INTA) by 18.1% during the fourth quarter, Holdings Channel reports. The fund owned 41,793 shares of the company’s stock after selling 9,246 shares during the quarter. Calamos Advisors LLC’s holdings in Intapp were worth $1,589,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC increased its holdings in Intapp by 100.5% during the 1st quarter. Tower Research Capital LLC TRC now owns 764 shares of the company’s stock worth $34,000 after purchasing an additional 383 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Intapp during the third quarter worth approximately $52,000. Allspring Global Investments Holdings LLC increased its stake in shares of Intapp by 152.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,998 shares of the company’s stock worth $67,000 after buying an additional 1,205 shares during the last quarter. Lazard Asset Management LLC bought a new position in Intapp during the 4th quarter valued at $50,000. Finally, UBS Group AG raised its stake in shares of Intapp by 1,072.8% in the 1st quarter. UBS Group AG now owns 2,416 shares of the company’s stock valued at $108,000 after purchasing an additional 2,210 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insider Activity at Intapp

In related news, CMO Scott Fitzgerald sold 1,363 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $45.00, for a total value of $61,335.00. Following the completion of the transaction, the chief marketing officer now owns 29,568 shares in the company, valued at approximately $1,330,560. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Intapp news, CMO Scott Fitzgerald sold 1,363 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $45.00, for a total value of $61,335.00. Following the completion of the sale, the chief marketing officer now directly owns 29,568 shares in the company, valued at $1,330,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Great Hill Equity Partners Iv sold 7,000,000 shares of Intapp stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $36.27, for a total value of $253,890,000.00. Following the transaction, the insider now owns 6,738,269 shares in the company, valued at $244,397,016.63. The disclosure for this sale can be found here. Insiders have sold a total of 7,125,186 shares of company stock worth $258,909,577 over the last ninety days. 36.56% of the stock is currently owned by corporate insiders.

Intapp Trading Down 0.3 %

Shares of NASDAQ:INTA opened at $30.76 on Monday. Intapp, Inc. has a fifty-two week low of $30.58 and a fifty-two week high of $50.46. The company’s 50-day moving average price is $35.65 and its 200 day moving average price is $37.48.

Intapp (NASDAQ:INTA) last posted its earnings results on Tuesday, February 6th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.05. Intapp had a negative return on equity of 12.98% and a negative net margin of 13.81%. The firm had revenue of $103.93 million for the quarter, compared to analysts’ expectations of $103.17 million. As a group, research analysts forecast that Intapp, Inc. will post -0.53 EPS for the current year.

Wall Street Analyst Weigh In

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

Intapp 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.