Dimensional Fund Advisors LP Acquires 6,541 Shares of Intapp, Inc. (NASDAQ:INTA)

Dimensional Fund Advisors LP boosted its holdings in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 859,709 shares of the company's stock after buying an additional 6,541 shares during the period. Dimensional Fund Advisors LP owned about 1.08% of Intapp worth $55,101,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Raleigh Capital Management Inc. acquired a new position in shares of Intapp during the fourth quarter worth approximately $25,000. Global Retirement Partners LLC bought a new position in Intapp in the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. bought a new position in Intapp during the 4th quarter worth about $32,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Intapp in the third quarter valued at approximately $64,000. Finally, Huntington National Bank boosted its stake 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 buying an additional 512 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Intapp Stock Performance

INTA stock traded down $0.53 during midday trading on Tuesday, hitting $57.15. 890,840 shares of the stock were exchanged, compared to its average volume of 657,669. Intapp, Inc. has a fifty-two week low of $31.08 and a fifty-two week high of $77.74. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of -197.08 and a beta of 0.84. The stock's 50-day moving average price is $57.15 and its 200-day moving average price is $61.54.

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

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Truist Financial decreased their price target on shares of Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Piper Sandler reissued an "overweight" rating and set a $71.00 target price (up from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Barclays cut their price target on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus lowered their target price 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. Finally, UBS Group raised their price objective on Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $66.20.

Insiders Place Their Bets

In other news, CEO John T. Hall sold 33,227 shares of Intapp stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $2,287,014.41. Following the sale, the chief executive officer now directly owns 5,258,576 shares in the company, valued at approximately $361,947,786.08. The trade was a 0.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michele Murgel sold 7,531 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $518,358.73. Following the completion of the transaction, the insider now directly owns 223,945 shares in the company, valued at approximately $15,414,134.35. This represents a 3.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 279,755 shares of company stock valued at $17,372,011 over the last 90 days. 13.02% of the stock is owned by company insiders.

Intapp Company 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.