Price T Rowe Associates Inc. MD Buys 133,108 Shares of Intapp, Inc. (NASDAQ:INTA)

Price T Rowe Associates Inc. MD lifted its stake in Intapp, Inc. (NASDAQ:INTA - Free Report) by 669.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 152,992 shares of the company's stock after purchasing an additional 133,108 shares during the period. Price T Rowe Associates Inc. MD owned 0.19% of Intapp worth $9,806,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of INTA. Principal Financial Group Inc. acquired a new stake in shares of Intapp in the 4th quarter valued at $291,000. Venturi Wealth Management LLC bought a new position in Intapp in the fourth quarter valued at about $305,000. Charles Schwab Investment Management Inc. increased its position in Intapp by 17.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 448,666 shares of the company's stock worth $28,755,000 after purchasing an additional 67,694 shares during the period. Wells Fargo & Company MN raised its holdings in Intapp by 79.4% during the 4th quarter. Wells Fargo & Company MN now owns 30,607 shares of the company's stock worth $1,962,000 after purchasing an additional 13,543 shares during the last quarter. Finally, Barclays PLC lifted its position in Intapp by 90.1% during the 3rd quarter. Barclays PLC now owns 106,781 shares of the company's stock valued at $5,108,000 after purchasing an additional 50,607 shares during the period. Institutional investors own 89.96% of the company's stock.

Intapp Stock Down 0.9 %

Shares of INTA traded down $0.53 on Tuesday, hitting $57.15. The company's stock had a trading volume of 890,840 shares, compared to its average volume of 657,669. The firm's fifty day moving average price is $57.15 and its 200-day moving average price is $61.54. Intapp, Inc. has a fifty-two week low of $31.08 and a fifty-two week high of $77.74. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of -197.08 and a beta of 0.84.

Intapp (NASDAQ:INTA - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.23). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. As a group, equities analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Thad Jampol sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $56.65, for a total transaction of $283,250.00. Following the completion of the transaction, the insider now directly owns 857,250 shares of the company's stock, valued at $48,563,212.50. This trade represents a 0.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David H. Morton, Jr. sold 5,445 shares of Intapp stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $374,779.35. Following the completion of the sale, the chief financial officer now owns 38,996 shares in the company, valued at $2,684,094.68. This trade represents a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 279,755 shares of company stock worth $17,372,011. Corporate insiders own 13.02% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barclays dropped their price target on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Citigroup reissued a "neutral" rating on shares of Intapp in a research note on Monday, April 21st. Stifel Nicolaus dropped their price objective on Intapp from $75.00 to $65.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Truist Financial reduced their target price on Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, UBS Group upped their price target on Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $66.20.

Intapp 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.