ProShare Advisors LLC Grows Holdings in Intapp, Inc. (NASDAQ:INTA)

ProShare Advisors LLC increased its position in Intapp, Inc. (NASDAQ:INTA - Free Report) by 103.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,020 shares of the company's stock after purchasing an additional 7,644 shares during the period. ProShare Advisors LLC's holdings in Intapp were worth $963,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of INTA. Principal Financial Group Inc. purchased a new position in Intapp in the 4th quarter worth about $291,000. Venturi Wealth Management LLC purchased a new stake in Intapp in the 4th quarter worth approximately $305,000. Wells Fargo & Company MN increased its holdings in Intapp by 79.4% in the 4th quarter. Wells Fargo & Company MN now owns 30,607 shares of the company's stock worth $1,962,000 after acquiring an additional 13,543 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Intapp by 17.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 448,666 shares of the company's stock worth $28,755,000 after acquiring an additional 67,694 shares in the last quarter. Finally, Barclays PLC increased its holdings in Intapp by 90.1% in the 3rd quarter. Barclays PLC now owns 106,781 shares of the company's stock worth $5,108,000 after acquiring an additional 50,607 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

Intapp Trading Up 0.9%

NASDAQ:INTA traded up $0.50 during midday trading on Tuesday, hitting $55.08. 812,613 shares of the company traded hands, compared to its average volume of 637,959. The firm's fifty day moving average is $55.59 and its 200-day moving average is $61.97. Intapp, Inc. has a 12-month low of $31.08 and a 12-month high of $77.74. The firm has a market capitalization of $4.46 billion, a P/E ratio of -189.92 and a beta of 0.84.

Intapp (NASDAQ:INTA - Get Free Report) last released its quarterly 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. Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. The company had revenue of $129.07 million for the quarter, compared to analyst estimates of $128.84 million. During the same quarter in the prior year, the firm posted $0.14 EPS. Intapp's quarterly revenue was up 16.7% compared to the same quarter last year. On average, research analysts expect that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Insider Activity at Intapp

In other Intapp news, insider Thad Jampol sold 20,000 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $57.15, for a total value of $1,143,000.00. Following the sale, the insider now owns 857,250 shares in the company, valued at $48,991,837.50. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John T. Hall sold 8,000 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $57.15, for a total value of $457,200.00. Following the completion of the sale, the chief executive officer now owns 5,236,895 shares in the company, valued at approximately $299,288,549.25. The trade was a 0.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 179,732 shares of company stock worth $10,582,409. Company insiders own 13.02% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on INTA. Truist Financial reduced their target price 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. Citigroup reissued a "neutral" rating on shares of Intapp in a report on Monday, April 21st. Piper Sandler reduced their target price 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. Stifel Nicolaus reduced their target price on shares of Intapp from $75.00 to $65.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Finally, UBS Group reduced their target price 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. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.