Envestnet Asset Management Inc. Has $2.99 Million Position in Intapp, Inc. (NASDAQ:INTA)

Envestnet Asset Management Inc. raised its position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 47.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,616 shares of the company's stock after acquiring an additional 15,079 shares during the period. Envestnet Asset Management Inc. owned approximately 0.06% of Intapp worth $2,988,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Raleigh Capital Management Inc. acquired a new stake in shares of Intapp in the fourth quarter valued at approximately $25,000. Global Retirement Partners LLC acquired a new position in Intapp in the 4th quarter valued at $25,000. SBI Securities Co. Ltd. bought a new stake in shares of Intapp during the 4th quarter valued at $32,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Intapp during the 3rd quarter worth $64,000. Finally, Huntington National Bank grew its holdings in shares of Intapp by 53.2% during 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.

Insiders Place Their Bets

In other Intapp news, CFO David H. Morton, Jr. sold 5,445 shares of Intapp stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $374,779.35. Following the completion of the sale, the chief financial officer now directly owns 38,996 shares in the company, valued at approximately $2,684,094.68. The trade was a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thad Jampol sold 20,000 shares of the business's stock in a transaction that occurred 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 transaction, the insider now directly owns 857,250 shares in the company, valued at approximately $48,991,837.50. This trade represents a 2.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 274,755 shares of company stock worth $17,088,761. Company insiders own 13.02% of the company's stock.

Intapp Stock Performance

Shares of INTA traded up $1.43 during mid-day trading on Thursday, reaching $55.69. 46,476 shares of the company were exchanged, compared to its average volume of 652,168. The business has a 50 day simple moving average of $57.67 and a two-hundred day simple moving average of $61.22. Intapp, Inc. has a 52 week low of $30.42 and a 52 week high of $77.74. The stock has a market capitalization of $4.42 billion, a PE ratio of -192.10 and a beta of 0.82.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on INTA shares. Barclays cut their price objective 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, April 14th. 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 report on Wednesday, April 16th. Piper Sandler reiterated an "overweight" rating and issued a $71.00 price target (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. UBS Group lifted their target price on Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Finally, Raymond James reissued a "market perform" rating on shares of Intapp in a report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Intapp has a consensus rating of "Moderate Buy" and an average target price of $64.00.

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.