Bank of America Corp DE Reduces Stock Position in Intapp, Inc. (NASDAQ:INTA)

Bank of America Corp DE lessened its holdings in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 12.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 786,440 shares of the company's stock after selling 113,224 shares during the quarter. Bank of America Corp DE owned approximately 0.99% of Intapp worth $50,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Global Retirement Partners LLC purchased a new position in shares of Intapp during the 4th quarter worth $25,000. Raleigh Capital Management Inc. purchased a new position in shares of Intapp during the 4th quarter worth $25,000. SBI Securities Co. Ltd. purchased a new position in shares of Intapp during the 4th quarter worth $32,000. Johnson Financial Group Inc. boosted its stake in shares of Intapp by 273.8% during the 4th quarter. Johnson Financial Group Inc. now owns 826 shares of the company's stock worth $53,000 after acquiring an additional 605 shares during the last quarter. Finally, Huntington National Bank boosted its stake in shares of Intapp by 53.2% during the 4th quarter. Huntington National Bank now owns 1,474 shares of the company's stock worth $94,000 after acquiring an additional 512 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company's stock.

Insider Activity at Intapp

In related news, CEO John T. Hall sold 33,227 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $2,287,014.41. Following the completion of the transaction, the chief executive officer now directly owns 5,258,576 shares of the company's stock, valued at approximately $361,947,786.08. This trade represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David H. Morton, Jr. sold 5,445 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $374,779.35. Following the transaction, the chief financial officer now directly owns 38,996 shares of the company's stock, valued at $2,684,094.68. The trade was a 12.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 279,755 shares of company stock valued at $17,372,011. Corporate insiders own 13.02% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Stifel Nicolaus dropped their price target on shares of Intapp from $75.00 to $65.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Citigroup restated a "neutral" rating on shares of Intapp in a research report on Monday, April 21st. UBS Group decreased their price objective on shares of Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Piper Sandler decreased their price objective on shares of Intapp from $71.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Finally, Barclays decreased their price objective on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $66.89.

Intapp Trading Down 1.7%

INTA traded down $1.01 during trading on Monday, hitting $57.27. 615,359 shares of the company traded hands, compared to its average volume of 646,431. The company has a market cap of $4.64 billion, a PE ratio of -197.48 and a beta of 0.84. The stock's 50-day simple moving average is $55.94 and its two-hundred day simple moving average is $61.96. Intapp, Inc. has a 1 year low of $31.08 and a 1 year high of $77.74.

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

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.