First Trust Advisors LP Grows Position in Intapp, Inc. (NASDAQ:INTA)

First Trust Advisors LP raised its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 149.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 130,645 shares of the company's stock after purchasing an additional 78,257 shares during the period. First Trust Advisors LP owned 0.16% of Intapp worth $8,373,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Zacks Investment Management grew its stake in shares of Intapp by 1,810.7% during the 4th quarter. Zacks Investment Management now owns 159,010 shares of the company's stock valued at $10,191,000 after acquiring an additional 150,688 shares during the period. Barclays PLC boosted its position in shares of Intapp by 15.3% in the fourth quarter. Barclays PLC now owns 123,114 shares of the company's stock worth $7,889,000 after purchasing an additional 16,333 shares during the period. Summit Investment Advisors Inc. increased its stake in shares of Intapp by 40.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,579 shares of the company's stock worth $358,000 after purchasing an additional 1,604 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Intapp by 24.4% during the 4th quarter. Renaissance Technologies LLC now owns 224,600 shares of the company's stock valued at $14,395,000 after purchasing an additional 44,100 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Intapp by 10.4% in the 4th quarter. Legal & General Group Plc now owns 60,920 shares of the company's stock worth $3,904,000 after buying an additional 5,752 shares during the period. Hedge funds and other institutional investors own 89.96% of the company's stock.

Insider Activity at Intapp

In other Intapp news, insider Thad Jampol sold 112,928 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $59.27, for a total value of $6,693,242.56. Following the completion of the sale, the insider now directly owns 857,250 shares of the company's stock, valued at $50,809,207.50. The trade was a 11.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michele Murgel sold 7,531 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $518,358.73. Following the transaction, the insider now directly owns 223,945 shares in the company, valued at approximately $15,414,134.35. This trade represents a 3.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 274,755 shares of company stock worth $17,088,761 in the last quarter. 13.02% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on INTA. UBS Group boosted their price objective on Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Raymond James reaffirmed a "market perform" rating on shares of Intapp in a research note on Friday, January 3rd. 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. Truist Financial cut their price objective on Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $71.00 target price (up from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $64.00.

Intapp Trading Up 4.9 %

NASDAQ:INTA traded up $2.73 during midday trading on Friday, hitting $58.17. 501,055 shares of the company traded hands, compared to its average volume of 654,993. The firm's fifty day moving average is $57.46 and its 200-day moving average is $61.26. The firm has a market capitalization of $4.62 billion, a P/E ratio of -200.58 and a beta of 0.82. Intapp, Inc. has a 12-month low of $30.42 and a 12-month high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. On average, 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.