Rhumbline Advisers Increases Stock Holdings in Intapp, Inc. (NASDAQ:INTA)

Rhumbline Advisers boosted its holdings in Intapp, Inc. (NASDAQ:INTA - Free Report) by 7.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,398 shares of the company's stock after acquiring an additional 5,257 shares during the quarter. Rhumbline Advisers owned 0.10% of Intapp worth $4,577,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new position in Intapp during the fourth quarter valued at approximately $291,000. Venturi Wealth Management LLC purchased a new position in shares of Intapp in the 4th quarter worth $305,000. Wells Fargo & Company MN boosted its stake in shares of 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 buying an additional 13,543 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Intapp by 17.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 448,666 shares of the company's stock valued at $28,755,000 after acquiring an additional 67,694 shares during the period. Finally, Truist Financial Corp purchased a new position in Intapp in the fourth quarter worth about $349,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Intapp Stock Performance

Shares of Intapp stock traded down $0.52 during trading hours on Tuesday, hitting $53.99. The company's stock had a trading volume of 491,280 shares, compared to its average volume of 626,384. The company has a market cap of $4.37 billion, a PE ratio of -224.96 and a beta of 0.81. The business has a 50 day moving average price of $54.99 and a two-hundred day moving average price of $61.58. 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 released its earnings results on Tuesday, May 6th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.22 by $0.04. The firm 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 3.78% and a negative return on equity of 1.19%. The company's quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 earnings per share. As a group, research analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO John T. Hall sold 31,200 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $55.01, for a total transaction of $1,716,312.00. Following the sale, the chief executive officer now directly owns 5,445,335 shares of the company's stock, valued at $299,547,878.35. This represents a 0.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Benjamin Harrison sold 14,275 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $55.01, for a total transaction of $785,267.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 191,803 shares of company stock worth $11,068,946. Corporate insiders own 13.02% of the company's stock.

Analyst Upgrades and Downgrades

INTA has been the topic of several recent research reports. Barclays lowered their price objective on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. UBS Group dropped their price target on shares of Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Citigroup reissued a "neutral" rating on shares of Intapp in a research report on Monday, April 21st. Stifel Nicolaus decreased 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. Finally, Piper Sandler lowered 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. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.