Ameriprise Financial Inc. Trims Holdings in Intapp, Inc. (NASDAQ:INTA)

Ameriprise Financial Inc. cut its position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 28.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 594,808 shares of the company's stock after selling 234,224 shares during the period. Ameriprise Financial Inc. owned approximately 0.75% of Intapp worth $38,121,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of INTA. Principal Financial Group Inc. acquired a new stake in shares of Intapp during the fourth quarter valued at about $291,000. Venturi Wealth Management LLC acquired a new stake in shares of Intapp during the fourth quarter valued at about $305,000. Charles Schwab Investment Management Inc. increased its position in shares of Intapp by 17.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 448,666 shares of the company's stock valued at $28,755,000 after acquiring an additional 67,694 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Intapp by 79.4% during the fourth quarter. Wells Fargo & Company MN now owns 30,607 shares of the company's stock valued at $1,962,000 after acquiring an additional 13,543 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Intapp by 90.1% during the third quarter. Barclays PLC now owns 106,781 shares of the company's stock valued at $5,108,000 after acquiring an additional 50,607 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO John T. Hall sold 8,000 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $57.15, for a total value of $457,200.00. Following the completion of the transaction, the chief executive officer now owns 5,236,895 shares in the company, valued at approximately $299,288,549.25. This represents a 0.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Thad Jampol sold 5,000 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $56.65, for a total transaction of $283,250.00. Following the completion of the transaction, the insider now owns 857,250 shares of the company's stock, valued at approximately $48,563,212.50. The trade was a 0.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold 279,755 shares of company stock worth $17,372,011 in the last 90 days. Corporate insiders own 13.02% of the company's stock.

Intapp Stock Up 2.4%

NASDAQ INTA traded up $1.35 on Friday, hitting $58.28. 876,977 shares of the stock were exchanged, compared to its average volume of 645,493. Intapp, Inc. has a fifty-two week low of $31.08 and a fifty-two week high of $77.74. The company has a market cap of $4.72 billion, a PE ratio of -200.96 and a beta of 0.84. The company has a 50-day moving average price of $56.01 and a 200-day moving average price of $61.75.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.22 by $0.04. Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. The company had revenue of $129.07 million during the quarter, compared to analysts' expectations of $128.84 million. During the same quarter in the previous year, the business posted $0.14 EPS. The firm's revenue was up 16.7% on a year-over-year basis. As a group, equities research analysts predict that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on INTA. UBS Group dropped their price objective on shares of Intapp from $92.00 to $83.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Citigroup restated a "neutral" rating on shares of Intapp in a report on Monday, April 21st. Truist Financial dropped their price objective on shares of Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Barclays dropped their price objective on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Finally, Piper Sandler dropped their price objective on shares of Intapp from $71.00 to $70.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $66.89.

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.