Zurcher Kantonalbank Zurich Cantonalbank Buys 1,098 Shares of Intapp, Inc. (NASDAQ:INTA)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Intapp, Inc. (NASDAQ:INTA) by 25.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,419 shares of the company’s stock after acquiring an additional 1,098 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Intapp were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Ellsworth Advisors LLC increased its holdings in shares of Intapp by 3.0% in the fourth quarter. Ellsworth Advisors LLC now owns 8,821 shares of the company’s stock valued at $335,000 after purchasing an additional 255 shares in the last quarter. Keybank National Association OH raised its holdings in Intapp by 7.1% during the 3rd quarter. Keybank National Association OH now owns 8,257 shares of the company’s stock worth $277,000 after purchasing an additional 544 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Intapp by 0.5% during the 3rd quarter. Nordea Investment Management AB now owns 130,893 shares of the company’s stock worth $4,417,000 after buying an additional 641 shares during the period. Amalgamated Bank grew its position in shares of Intapp by 30.5% during the 3rd quarter. Amalgamated Bank now owns 3,033 shares of the company’s stock worth $102,000 after buying an additional 708 shares during the period. Finally, Spouting Rock Asset Management LLC raised its stake in shares of Intapp by 10.4% during the third quarter. Spouting Rock Asset Management LLC now owns 11,327 shares of the company’s stock worth $380,000 after buying an additional 1,065 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on INTA. Piper Sandler reaffirmed an “overweight” rating and issued a $52.00 price objective on shares of Intapp in a research note on Monday, February 26th. Oppenheimer reduced their price target on Intapp from $50.00 to $42.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Barclays dropped their price objective on Intapp from $47.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. Stifel Nicolaus reduced their target price on Intapp from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Finally, Citigroup lowered their price target on Intapp from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $47.78.

Insider Transactions at Intapp

In related news, Director George R. Neble sold 1,500 shares of the business’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $31.38, for a total value of $47,070.00. Following the sale, the director now directly 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 Securities & Exchange Commission, which is available at this hyperlink. In other Intapp news, Director George R. Neble sold 1,500 shares of the stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $31.38, for a total transaction of $47,070.00. Following the completion of the transaction, the director now owns 29,047 shares in the company, valued at approximately $911,494.86. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Donald F. Coleman sold 15,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $38.91, for a total value of $583,650.00. Following the completion of the sale, the chief operating officer now owns 629,338 shares in the company, valued at $24,487,541.58. The disclosure for this sale can be found here. Insiders sold 7,106,704 shares of company stock valued at $258,088,735 over the last quarter. Corporate insiders own 36.56% of the company’s stock.

Intapp Price Performance

NASDAQ INTA opened at $33.15 on Wednesday. Intapp, Inc. has a one year low of $30.36 and a one year high of $50.46. The firm has a market cap of $2.42 billion, a P/E ratio of -41.44 and a beta of 0.56. The stock’s 50-day moving average is $33.40 and its 200-day moving average is $37.14.

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

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.