Deutsche Bank AG Buys 46,336 Shares of Intapp, Inc. (NASDAQ:INTA)

Deutsche Bank AG raised its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 26.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 218,364 shares of the company's stock after purchasing 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 SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in 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 period. Invesco Ltd. increased its holdings in Intapp by 6,506.1% in the fourth quarter. Invesco Ltd. now owns 1,980,506 shares of the company's stock valued at $126,931,000 after purchasing an additional 1,950,526 shares during the last quarter. Capital World Investors increased its holdings in Intapp by 30.3% in the fourth quarter. Capital World Investors now owns 1,701,939 shares of the company's stock valued at $109,077,000 after purchasing an additional 395,804 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Intapp by 4.0% during the fourth quarter. Alliancebernstein L.P. now owns 1,654,866 shares of the company's stock worth $106,060,000 after buying an additional 63,443 shares during the last quarter. Finally, Geode Capital Management LLC grew its position 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 buying an additional 196,010 shares during the period. Institutional investors own 89.96% of the company's stock.

Intapp Price Performance

Intapp stock traded down $1.01 during trading hours on Monday, hitting $57.27. The company had a trading volume of 615,359 shares, compared to its average volume of 646,431. Intapp, Inc. has a one year low of $31.08 and a one year high of $77.74. The firm has a market cap of $4.64 billion, a PE ratio of -197.48 and a beta of 0.84. The firm has a 50-day moving average of $56.01 and a 200 day moving average of $61.91.

Intapp (NASDAQ:INTA - Get Free Report) last released its quarterly 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 business had revenue of $129.07 million for the quarter, compared to the consensus estimate of $128.84 million. Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. Intapp's revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 earnings per share. As a group, research analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current year.

Insider Buying and Selling at Intapp

In related news, insider Thad Jampol sold 5,000 shares of Intapp stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $56.65, for a total value of $283,250.00. Following the transaction, the insider now directly owns 857,250 shares of the company's stock, valued at $48,563,212.50. The trade was a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David H. Morton, Jr. sold 5,445 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $374,779.35. Following the transaction, the chief financial officer now owns 38,996 shares in the company, 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. Insiders have sold a total of 279,755 shares of company stock worth $17,372,011 over the last 90 days. Insiders own 13.02% of the company's stock.

Wall Street Analyst Weigh In

INTA has been the topic of several recent analyst reports. Stifel Nicolaus reduced their target price on Intapp from $75.00 to $65.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Barclays lowered their target price on Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Piper Sandler reduced their price target 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. UBS Group dropped their price objective on shares of Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Finally, Citigroup reaffirmed a "neutral" rating on shares of Intapp in a research note on Monday, April 21st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $66.89.

About Intapp

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.