Intapp, Inc. (NASDAQ:INTA) Shares Acquired by Invesco Ltd.

Invesco Ltd. raised its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 6,506.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,980,506 shares of the company's stock after purchasing an additional 1,950,526 shares during the period. Invesco Ltd. owned 2.49% of Intapp worth $126,931,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. purchased a new stake in shares of Intapp during the 4th quarter worth approximately $291,000. Venturi Wealth Management LLC bought a new position in Intapp during the fourth quarter valued at $305,000. Charles Schwab Investment Management Inc. grew its stake in shares of Intapp by 17.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 448,666 shares of the company's stock worth $28,755,000 after buying an additional 67,694 shares in the last quarter. Barclays PLC raised its position in shares of 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 buying an additional 50,607 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of Intapp in the 4th quarter valued at about $378,000. 89.96% of the stock is owned by institutional investors.

Intapp Trading Up 0.5 %

Shares of Intapp stock traded up $0.26 during trading on Friday, hitting $51.51. 494,286 shares of the stock traded hands, compared to its average volume of 655,761. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $77.74. The stock's fifty day simple moving average is $61.03 and its 200 day simple moving average is $60.86. The firm has a market cap of $4.09 billion, a P/E ratio of -177.61 and a beta of 0.82.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) 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%. As a group, equities analysts expect that Intapp, Inc. will post -0.14 EPS for the current year.

Insiders Place Their Bets

In other Intapp news, insider Thad Jampol sold 112,928 shares of the 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 sale, the insider now directly owns 857,250 shares of the company's stock, valued at approximately $50,809,207.50. This represents a 11.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michele Murgel sold 7,531 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 transaction 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. The trade was a 3.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 274,755 shares of company stock worth $17,088,761 over the last 90 days. Company insiders own 13.02% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on INTA. Barclays lowered their price objective on Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a research note on Monday. Piper Sandler restated an "overweight" rating and issued a $71.00 target price (up previously from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Citigroup reissued a "neutral" rating and issued a $78.00 price objective (down from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Truist Financial cut their target price on Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, UBS Group boosted their price objective on Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Intapp currently has an average rating of "Moderate Buy" and an average target price of $64.91.

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.