Intapp, Inc. (NASDAQ:INTA) Stock Position Boosted by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC boosted its holdings in Intapp, Inc. (NASDAQ:INTA - Free Report) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 475,367 shares of the company's stock after purchasing an additional 20,014 shares during the period. Silvercrest Asset Management Group LLC owned about 0.60% of Intapp worth $30,466,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of INTA. Invesco Ltd. raised its position in shares of Intapp by 6,506.1% in the 4th quarter. Invesco Ltd. now owns 1,980,506 shares of the company's stock valued at $126,931,000 after purchasing an additional 1,950,526 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Intapp by 11.8% in the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company's stock worth $408,139,000 after buying an additional 672,832 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Intapp by 408.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 720,994 shares of the company's stock valued at $46,209,000 after acquiring an additional 579,075 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in Intapp during the 4th quarter valued at $30,563,000. Finally, Capital World Investors grew its holdings in Intapp by 30.3% during the 4th quarter. Capital World Investors now owns 1,701,939 shares of the company's stock worth $109,077,000 after acquiring an additional 395,804 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Insider Activity at Intapp

In related news, CEO John T. Hall sold 28,443 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $64.66, for a total value of $1,839,124.38. Following the completion of the transaction, the chief executive officer now directly owns 5,213,782 shares of the company's stock, valued at $337,123,144.12. This represents a 0.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michele Murgel sold 1,962 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $60.00, for a total value of $117,720.00. Following the completion of the sale, the insider now owns 182,462 shares in the company, valued at approximately $10,947,720. This represents a 1.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 217,557 shares of company stock worth $13,090,922 in the last ninety days. 13.02% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on INTA shares. Truist Financial cut their target price 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. Stifel Nicolaus cut their price objective on Intapp from $75.00 to $65.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Citigroup reiterated a "neutral" rating on shares of Intapp in a research report on Monday, April 21st. UBS Group lowered their price target on Intapp from $92.00 to $83.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Finally, Piper Sandler reduced their price objective on Intapp from $71.00 to $70.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.89.

Intapp Stock Performance

Shares of Intapp stock traded up $0.09 on Thursday, reaching $56.59. 200,184 shares of the company were exchanged, compared to its average volume of 639,376. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of -195.30 and a beta of 0.84. Intapp, Inc. has a 1-year low of $31.08 and a 1-year high of $77.74. The company's 50-day moving average is $55.86 and its two-hundred day moving average is $61.89.

Intapp (NASDAQ:INTA - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.04. Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. The firm had revenue of $129.07 million for the quarter, compared to analyst estimates of $128.84 million. During the same period last year, the company earned $0.14 earnings per share. The firm's revenue for the quarter was up 16.7% on a year-over-year basis. As a group, sell-side analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current 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.