Vanguard Group Inc. Buys 260,610 Shares of Intapp, Inc. (NASDAQ:INTA)

Vanguard Group Inc. increased its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 10.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,809,281 shares of the company's stock after purchasing an additional 260,610 shares during the quarter. Vanguard Group Inc. owned approximately 4.03% of Intapp worth $94,167,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in INTA. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Intapp by 27.7% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 32,171 shares of the company's stock worth $1,078,000 after buying an additional 6,976 shares in the last quarter. Wellington Management Group LLP raised its holdings in Intapp by 60.0% in the 3rd quarter. Wellington Management Group LLP now owns 989,722 shares of the company's stock valued at $33,175,000 after acquiring an additional 371,181 shares during the last quarter. Spouting Rock Asset Management LLC lifted its stake in shares of Intapp by 10.4% during the 3rd quarter. Spouting Rock Asset Management LLC now owns 11,327 shares of the company's stock worth $380,000 after purchasing an additional 1,065 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Intapp by 64.8% during the third quarter. The Manufacturers Life Insurance Company now owns 11,815 shares of the company's stock worth $396,000 after purchasing an additional 4,647 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Intapp by 278.1% during the third quarter. Royal Bank of Canada now owns 16,843 shares of the company's stock worth $564,000 after purchasing an additional 12,388 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Insider Buying and Selling at Intapp

In other news, CMO Scott Fitzgerald sold 1,363 shares of the company's stock in a transaction on Monday, January 29th. The shares were sold at an average price of $45.00, for a total value of $61,335.00. Following the completion of the transaction, the chief marketing officer now directly owns 29,568 shares in the company, valued at $1,330,560. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Thad Jampol sold 10,000 shares of the business's stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $36.17, for a total value of $361,700.00. Following the transaction, the insider now owns 707,650 shares in the company, valued at $25,595,700.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Scott Fitzgerald sold 1,363 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $45.00, for a total value of $61,335.00. Following the completion of the transaction, the chief marketing officer now directly owns 29,568 shares of the company's stock, valued at approximately $1,330,560. The disclosure for this sale can be found here. Insiders sold 7,203,663 shares of company stock valued at $262,434,904 over the last 90 days. 36.56% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Citigroup assumed coverage on Intapp in a research report on Tuesday, January 23rd. They set a "buy" rating and a $57.00 target price on the stock. Barclays raised their target price on shares of Intapp from $44.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, February 15th. Piper Sandler reaffirmed an "overweight" rating and set a $52.00 price target on shares of Intapp in a research report on Monday, February 26th. Stifel Nicolaus increased their price target on shares of Intapp from $45.00 to $47.00 and gave the stock a "buy" rating in a research note on Wednesday, February 7th. Finally, Truist Financial boosted their price objective on shares of Intapp from $46.00 to $47.00 and gave the company a "buy" rating in a research note on Wednesday, February 7th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $49.78.

Intapp Stock Performance

Shares of INTA stock traded down $0.24 during mid-day trading on Friday, reaching $31.66. The company's stock had a trading volume of 468,213 shares, compared to its average volume of 637,824. The company's 50 day simple moving average is $38.26 and its 200-day simple moving average is $37.54. Intapp, Inc. has a 12-month low of $30.58 and a 12-month high of $50.46.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported ($0.12) EPS for the quarter, topping analysts' consensus estimates of ($0.17) by $0.05. Intapp had a negative return on equity of 12.98% and a negative net margin of 13.81%. The company had revenue of $103.93 million for the quarter, compared to analysts' expectations of $103.17 million. As a group, equities research analysts anticipate that Intapp, Inc. will post -0.51 EPS for the current year.

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.