Intapp, Inc. (NASDAQ:INTA) Shares Purchased by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC grew its holdings in Intapp, Inc. (NASDAQ:INTA - Free Report) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 475,367 shares of the company's stock after acquiring 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 quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Raleigh Capital Management Inc. acquired a new position in Intapp in the 4th quarter valued at $25,000. Global Retirement Partners LLC acquired a new position in shares of Intapp in the 4th quarter worth approximately $25,000. SBI Securities Co. Ltd. acquired a new stake in Intapp in the 4th quarter valued at approximately $32,000. Johnson Financial Group Inc. raised its position in Intapp by 273.8% in the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company's stock valued at $53,000 after purchasing an additional 605 shares during the period. Finally, CoreCap Advisors LLC acquired a new position in Intapp during the fourth quarter worth $64,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Insider Transactions at Intapp

In related news, CEO John T. Hall sold 33,227 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $2,287,014.41. Following the sale, the chief executive officer now directly owns 5,258,576 shares of the company's stock, valued at approximately $361,947,786.08. This represents a 0.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thad Jampol sold 5,000 shares of Intapp stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $56.65, for a total value of $283,250.00. Following the transaction, the insider now owns 857,250 shares of the company's stock, valued at $48,563,212.50. This represents a 0.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 279,755 shares of company stock valued at $17,372,011 in the last ninety days. 13.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

INTA has been the subject of several recent research reports. Stifel Nicolaus decreased their price objective on Intapp from $75.00 to $65.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Truist Financial cut their price target on Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Citigroup reissued a "neutral" rating on shares of Intapp in a research report on Monday, April 21st. Piper Sandler cut their price target on shares of Intapp from $71.00 to $70.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Finally, UBS Group cut their target price on Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Intapp presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.89.

Intapp Trading Down 0.3%

Shares of Intapp stock traded down $0.15 during trading hours on Tuesday, hitting $57.12. 473,473 shares of the company were exchanged, compared to its average volume of 646,288. The business has a 50-day moving average of $55.94 and a 200-day moving average of $61.96. Intapp, Inc. has a 1 year low of $31.08 and a 1 year high of $77.74. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of -196.96 and a beta of 0.84.

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