Deutsche Bank AG Grows Stake in Intapp, Inc. (NASDAQ:INTA)

Deutsche Bank AG grew its position in Intapp, Inc. (NASDAQ:INTA - Free Report) by 26.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 218,364 shares of the company's stock after acquiring an additional 46,336 shares during the period. Deutsche Bank AG owned 0.28% of Intapp worth $13,995,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of INTA. CoreCap Advisors LLC bought a new position in Intapp in the fourth quarter valued at about $64,000. Corton Capital Inc. acquired a new position in shares of Intapp in the fourth quarter valued at approximately $202,000. Cetera Investment Advisers bought a new position in Intapp in the 4th quarter valued at approximately $283,000. Caxton Associates LP acquired a new stake in Intapp during the 4th quarter worth approximately $205,000. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of Intapp by 46.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 59,195 shares of the company's stock worth $3,794,000 after purchasing an additional 18,891 shares during the period. Institutional investors and hedge funds own 89.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on INTA. 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 report on Tuesday, April 29th. Truist Financial decreased their price target on Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Piper Sandler cut their target price on Intapp from $71.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. UBS Group decreased their target price on Intapp from $92.00 to $83.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Finally, Barclays dropped their price target on Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $66.89.

Intapp Trading Down 0.5%

INTA stock traded down $0.29 during trading on Wednesday, reaching $56.84. 81,757 shares of the stock were exchanged, compared to its average volume of 631,521. The firm's 50 day moving average is $55.92 and its 200 day moving average is $61.93. The firm has a market cap of $4.60 billion, a P/E ratio of -195.82 and a beta of 0.84. Intapp, Inc. has a twelve month low of $31.08 and a twelve month high of $77.74.

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

Insider Buying and Selling at Intapp

In other news, CFO David H. Morton, Jr. sold 5,445 shares of Intapp stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $374,779.35. Following the completion of the transaction, the chief financial officer now directly owns 38,996 shares in the company, valued at $2,684,094.68. This trade represents a 12.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John T. Hall sold 33,227 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $2,287,014.41. Following the completion of the sale, the chief executive officer now owns 5,258,576 shares in the company, valued at $361,947,786.08. This represents a 0.63% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 279,755 shares of company stock worth $17,372,011. 13.02% of the stock is owned by corporate insiders.

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.