Rhumbline Advisers Purchases 5,257 Shares of Intapp, Inc. (NASDAQ:INTA)

Rhumbline Advisers raised its stake in Intapp, Inc. (NASDAQ:INTA - Free Report) by 7.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,398 shares of the company's stock after acquiring an additional 5,257 shares during the quarter. Rhumbline Advisers owned approximately 0.10% of Intapp worth $4,577,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Global Retirement Partners LLC purchased a new position in Intapp in the 4th quarter worth approximately $25,000. SBI Securities Co. Ltd. bought a new stake in Intapp during the 4th quarter valued at $32,000. Johnson Financial Group Inc. raised its holdings in Intapp by 273.8% during the 4th quarter. Johnson Financial Group Inc. now owns 826 shares of the company's stock valued at $53,000 after buying an additional 605 shares during the last quarter. CoreCap Advisors LLC bought a new position in Intapp in the 4th quarter worth $64,000. Finally, Huntington National Bank raised its holdings in Intapp by 53.2% in the 4th quarter. Huntington National Bank now owns 1,474 shares of the company's stock worth $94,000 after purchasing an additional 512 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

Insider Buying and Selling

In other news, insider Michele Murgel sold 23,404 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $60.13, for a total value of $1,407,282.52. Following the completion of the sale, the insider now owns 185,220 shares in the company, valued at approximately $11,137,278.60. This trade represents a 11.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 completion of the sale, the chief executive officer now owns 5,445,335 shares of the company's stock, valued at approximately $301,018,118.80. This trade represents a 0.15% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 215,207 shares of company stock worth $12,476,229. 13.02% of the stock is owned by company insiders.

Intapp Stock Performance

INTA opened at $53.47 on Friday. The business's fifty day moving average is $54.97 and its two-hundred day moving average is $61.67. The company has a market cap of $4.33 billion, a price-to-earnings ratio of -184.37 and a beta of 0.81. Intapp, Inc. has a one year low of $31.08 and a one year high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.26 earnings per share (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 business had revenue of $129.07 million for the quarter, compared to the consensus estimate of $128.84 million. During the same period in the prior year, the business earned $0.14 earnings per share. The business's revenue was up 16.7% on a year-over-year basis. On average, analysts predict that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. UBS Group reduced their target price on shares of Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Piper Sandler decreased their target price on shares of Intapp from $71.00 to $70.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Citigroup reiterated a "neutral" rating on shares of Intapp in a research report on Monday, April 21st. Wall Street Zen raised shares of Intapp from a "buy" rating to a "strong-buy" rating in a report on Friday, May 30th. Finally, Truist Financial lowered 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. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Intapp has a consensus rating of "Moderate Buy" and an average target price of $66.89.

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.

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