Wells Fargo & Company MN Buys 13,543 Shares of Intapp, Inc. (NASDAQ:INTA)

Wells Fargo & Company MN raised its stake in Intapp, Inc. (NASDAQ:INTA - Free Report) by 79.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,607 shares of the company's stock after acquiring an additional 13,543 shares during the quarter. Wells Fargo & Company MN's holdings in Intapp were worth $1,962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Global Retirement Partners LLC bought a new position in Intapp in the 4th quarter valued at $25,000. Raleigh Capital Management Inc. bought a new position in Intapp in the fourth quarter valued at about $25,000. SBI Securities Co. Ltd. acquired a new stake in Intapp in the fourth quarter worth about $32,000. Wilmington Savings Fund Society FSB acquired a new position in Intapp during the 3rd quarter valued at about $64,000. Finally, Huntington National Bank boosted its stake in shares of Intapp by 53.2% in the 4th quarter. Huntington National Bank now owns 1,474 shares of the company's stock valued at $94,000 after purchasing an additional 512 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

Insider Activity at Intapp

In other Intapp news, CMO Scott Fitzgerald sold 3,394 shares of the company'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 value of $233,609.02. Following the sale, the chief marketing officer now owns 52,090 shares in the company, valued at $3,585,354.70. This represents a 6.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thad Jampol sold 112,928 shares of the firm's stock in a transaction that occurred on 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 approximately $50,809,207.50. The trade was a 11.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 274,755 shares of company stock valued at $17,088,761. 13.02% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on INTA. Raymond James reiterated a "market perform" rating on shares of Intapp in a research report on Friday, January 3rd. Barclays decreased their target price on 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 cut their price target on shares of Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Citigroup restated a "neutral" rating on shares of Intapp in a report on Monday, April 21st. Finally, Piper Sandler reiterated an "overweight" rating and issued a $71.00 target price (up from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $64.00.

Intapp Stock Up 2.1 %

Shares of NASDAQ:INTA traded up $1.15 during mid-day trading on Thursday, reaching $55.41. 27,329 shares of the stock were exchanged, compared to its average volume of 652,085. The stock's 50 day simple moving average is $57.67 and its 200-day simple moving average is $61.22. Intapp, Inc. has a one year low of $30.42 and a one year high of $77.74. The company has a market cap of $4.40 billion, a P/E ratio of -191.05 and a beta of 0.82.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings data 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 net margin of 4.78% and a negative return on equity of 1.86%. Analysts anticipate 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.