Geode Capital Management LLC Has $79.95 Million Stake in Intapp, Inc. (NASDAQ:INTA)

Geode Capital Management LLC raised its holdings in Intapp, Inc. (NASDAQ:INTA - Free Report) by 18.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,247,247 shares of the company's stock after acquiring an additional 196,010 shares during the period. Geode Capital Management LLC owned about 1.57% of Intapp worth $79,953,000 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. Principal Financial Group Inc. acquired a new position in shares of Intapp in the 4th quarter valued at approximately $291,000. Venturi Wealth Management LLC acquired a new position in shares of Intapp in the fourth quarter valued at approximately $305,000. Charles Schwab Investment Management Inc. increased its position in shares of Intapp by 17.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 448,666 shares of the company's stock worth $28,755,000 after acquiring an additional 67,694 shares in the last quarter. Barclays PLC raised its holdings in shares of Intapp by 90.1% during the third quarter. Barclays PLC now owns 106,781 shares of the company's stock worth $5,108,000 after acquiring an additional 50,607 shares during the period. Finally, Janney Montgomery Scott LLC bought a new stake in Intapp in the 4th quarter valued at $378,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intapp

In other news, CEO John T. Hall sold 33,227 shares of Intapp stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $2,287,014.41. Following the completion of the sale, the chief executive officer now owns 5,258,576 shares of the company's stock, valued at approximately $361,947,786.08. This trade represents a 0.63 % 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 hyperlink. Also, insider Thad Jampol sold 112,928 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $59.27, for a total transaction of $6,693,242.56. Following the completion of the transaction, the insider now owns 857,250 shares in the company, valued at $50,809,207.50. This trade represents a 11.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 274,755 shares of company stock valued at $17,088,761 in the last three months. 13.02% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

INTA has been the subject of a number of research reports. Citigroup reiterated a "neutral" rating and set a $78.00 target price (down previously from $87.00) on shares of Intapp in a report on Thursday, January 16th. Piper Sandler reissued an "overweight" rating and issued a $71.00 target price (up previously from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. UBS Group upped their price target on Intapp from $89.00 to $92.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Stifel Nicolaus lifted their price objective on shares of Intapp from $70.00 to $75.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Finally, Barclays decreased their target price on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Intapp currently has an average rating of "Moderate Buy" and an average target price of $64.91.

Intapp Trading Up 0.2 %

Shares of INTA traded up $0.12 during mid-day trading on Thursday, reaching $51.37. The company's stock had a trading volume of 78,541 shares, compared to its average volume of 652,928. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $77.74. The business has a 50-day simple moving average of $61.42 and a two-hundred day simple moving average of $60.84. The stock has a market cap of $4.08 billion, a P/E ratio of -177.37 and a beta of 0.82.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly 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 net margin of 4.78% and a negative return on equity of 1.86%. Research analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current 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.