ProShare Advisors LLC Acquires 7,644 Shares of Intapp, Inc. (NASDAQ:INTA)

ProShare Advisors LLC increased its stake in Intapp, Inc. (NASDAQ:INTA - Free Report) by 103.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in INTA. Raleigh Capital Management Inc. acquired a new position in Intapp in the 4th quarter worth $25,000. Global Retirement Partners LLC acquired a new position in shares of Intapp during the 4th quarter worth about $25,000. SBI Securities Co. Ltd. acquired a new position in shares of Intapp during the 4th quarter worth about $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 buying an additional 605 shares during the last quarter. Finally, CoreCap Advisors LLC acquired a new position in shares of Intapp during the 4th quarter worth about $64,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intapp

In other Intapp news, CEO John T. Hall sold 8,000 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $55.28, for a total value of $442,240.00. Following the transaction, the chief executive officer now directly owns 5,445,335 shares of the company's stock, valued at $301,018,118.80. This represents a 0.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David H. Morton, Jr. sold 10,000 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $55.02, for a total transaction of $550,200.00. Following the completion of the transaction, the chief financial officer now directly owns 32,739 shares in the company, valued at approximately $1,801,299.78. This represents a 23.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 243,207 shares of company stock valued at $14,076,429 in the last three months. 13.02% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Truist Financial reduced their price objective on shares of Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Piper Sandler reduced their price objective on shares of Intapp from $71.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Citigroup restated a "neutral" rating on shares of Intapp in a research note on Monday, April 21st. Barclays reduced their price objective on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Finally, Stifel Nicolaus reduced their price objective on shares of Intapp from $75.00 to $65.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Intapp presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.89.

Intapp Stock Down 0.6%

Shares of INTA stock traded down $0.33 on Thursday, reaching $54.72. The stock had a trading volume of 70,062 shares, compared to its average volume of 633,907. The firm's 50-day moving average is $55.37 and its two-hundred day moving average is $61.87. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of -188.40 and a beta of 0.84. Intapp, Inc. has a 12 month low of $31.08 and a 12 month high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.04. The company had revenue of $129.07 million for 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 EPS. On average, sell-side analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current fiscal 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.