Bank of America Corp DE Has $50.40 Million Holdings 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 institutional investor owned 786,440 shares of the company's stock after selling 113,224 shares during the period. Bank of America Corp DE owned approximately 0.99% of Intapp worth $50,403,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Intapp by 11.8% during the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company's stock worth $408,139,000 after acquiring an additional 672,832 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Intapp by 6,506.1% during the 4th quarter. Invesco Ltd. now owns 1,980,506 shares of the company's stock worth $126,931,000 after acquiring an additional 1,950,526 shares during the last quarter. Capital World Investors increased its holdings in shares of Intapp by 30.3% during the 4th quarter. Capital World Investors now owns 1,701,939 shares of the company's stock worth $109,077,000 after acquiring an additional 395,804 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Intapp by 4.0% during the 4th quarter. Alliancebernstein L.P. now owns 1,654,866 shares of the company's stock worth $106,060,000 after acquiring an additional 63,443 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Intapp by 18.6% during the 4th quarter. Geode Capital Management LLC now owns 1,247,247 shares of the company's stock worth $79,953,000 after acquiring an additional 196,010 shares during the last quarter. Institutional investors own 89.96% of the company's stock.

Intapp Stock Up 2.4%

Intapp stock traded up $1.35 during trading hours on Friday, hitting $58.28. The stock had a trading volume of 876,977 shares, compared to its average volume of 645,493. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of -200.96 and a beta of 0.84. Intapp, Inc. has a one year low of $31.08 and a one year high of $77.74. The business's 50 day simple moving average is $56.01 and its 200-day simple moving average is $61.75.

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

Insider Activity

In related news, CFO David H. Morton, Jr. sold 5,445 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $374,779.35. Following the completion of the sale, the chief financial officer now owns 38,996 shares of the company's stock, valued at $2,684,094.68. This trade represents a 12.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michele Murgel sold 1,962 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $60.00, for a total value of $117,720.00. Following the sale, the insider now directly owns 182,462 shares of the company's stock, valued at $10,947,720. This represents a 1.06% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 279,755 shares of company stock valued at $17,372,011. Company insiders own 13.02% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on INTA. Barclays decreased their target price on Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Citigroup reiterated a "neutral" rating on shares of Intapp in a research report on Monday, April 21st. Stifel Nicolaus cut their target price on Intapp from $75.00 to $65.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Truist Financial cut their target price on Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, UBS Group cut their target price on Intapp from $92.00 to $83.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Intapp currently has a consensus rating of "Moderate Buy" and an average target price of $66.89.

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.