UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in Intapp, Inc. (NASDAQ:INTA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Intapp, Inc. (NASDAQ:INTA - Free Report) by 14.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 177,000 shares of the company's stock after purchasing an additional 21,972 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.22% of Intapp worth $11,344,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. raised its position in shares of Intapp by 2.0% in the fourth quarter. Victory Capital Management Inc. now owns 8,652 shares of the company's stock valued at $555,000 after purchasing an additional 171 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Intapp by 8.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company's stock valued at $190,000 after acquiring an additional 239 shares during the period. Global Retirement Partners LLC bought a new position in Intapp in the 4th quarter valued at about $25,000. Amalgamated Bank lifted its position in Intapp by 30.0% during the fourth quarter. Amalgamated Bank now owns 1,819 shares of the company's stock worth $117,000 after acquiring an additional 420 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Intapp during the fourth quarter worth approximately $32,000. Institutional investors own 89.96% of the company's stock.

Analyst Ratings Changes

INTA has been the subject of several research reports. Piper Sandler dropped their price target on 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 target price on Intapp from $92.00 to $83.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Stifel Nicolaus decreased their price target on shares of Intapp from $75.00 to $65.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Citigroup reaffirmed a "neutral" rating on shares of Intapp in a research report on Monday, April 21st. Finally, Wall Street Zen raised shares of Intapp from a "buy" rating to a "strong-buy" rating in a report on Friday, May 30th. Four equities research 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $66.89.

Insiders Place Their Bets

In related news, insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction on Monday, March 10th. The shares were sold at an average price of $57.15, for a total value of $1,143,000.00. Following the completion of the sale, the insider now owns 857,250 shares of the company's stock, valued at approximately $48,991,837.50. This trade represents a 2.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David Benjamin Harrison sold 14,275 shares of the firm's stock in a transaction dated 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. In the last ninety days, insiders sold 243,207 shares of company stock worth $14,076,429. Company insiders own 13.02% of the company's stock.

Intapp Stock Performance

Shares of Intapp stock traded up $0.51 on Wednesday, reaching $56.55. 277,004 shares of the stock were exchanged, compared to its average volume of 630,904. The firm has a market cap of $4.58 billion, a PE ratio of -194.99 and a beta of 0.84. Intapp, Inc. has a one year low of $31.08 and a one year high of $77.74. The firm's 50 day moving average is $54.74 and its 200-day moving average is $61.79.

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

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.