Raymond James Financial Services Advisors Inc. Buys 1,978 Shares of Intapp, Inc. (NASDAQ:INTA)

Raymond James Financial Services Advisors Inc. lifted its stake in shares of Intapp, Inc. (NASDAQ:INTA) by 11.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,152 shares of the company’s stock after purchasing an additional 1,978 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Intapp were worth $728,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in INTA. Tower Research Capital LLC TRC grew its holdings in shares of Intapp by 100.5% during the 1st quarter. Tower Research Capital LLC TRC now owns 764 shares of the company’s stock valued at $34,000 after purchasing an additional 383 shares during the last quarter. Captrust Financial Advisors bought a new stake in shares of Intapp during the 2nd quarter valued at approximately $41,000. Lazard Asset Management LLC bought a new stake in shares of Intapp during the 4th quarter valued at approximately $50,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of Intapp during the 3rd quarter valued at approximately $52,000. Finally, Legal & General Group Plc grew its holdings in Intapp by 19.5% during the 2nd quarter. Legal & General Group Plc now owns 4,403 shares of the company’s stock worth $65,000 after acquiring an additional 719 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

Insider Buying and Selling at Intapp

In other news, COO Donald F. Coleman sold 8,912 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $44.01, for a total value of $392,217.12. Following the completion of the sale, the chief operating officer now owns 612,011 shares in the company, valued at approximately $26,934,604.11. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CMO Scott Fitzgerald sold 8,119 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $45.02, for a total value of $365,517.38. Following the completion of the sale, the chief marketing officer now owns 29,568 shares in the company, valued at approximately $1,331,151.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Donald F. Coleman sold 8,912 shares of the company’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $44.01, for a total transaction of $392,217.12. Following the completion of the sale, the chief operating officer now owns 612,011 shares of the company’s stock, valued at approximately $26,934,604.11. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,200,163 shares of company stock worth $262,243,874. 36.56% of the stock is owned by corporate insiders.

Intapp Trading Up 0.8 %

Shares of INTA stock opened at $31.33 on Wednesday. The firm has a market capitalization of $2.29 billion, a PE ratio of -39.16 and a beta of 0.51. The firm has a fifty day simple moving average of $36.22 and a two-hundred day simple moving average of $37.55. Intapp, Inc. has a 12 month low of $30.58 and a 12 month high of $50.46.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, February 6th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. The business had revenue of $103.93 million during the quarter, compared to analyst estimates of $103.17 million. Intapp had a negative net margin of 13.81% and a negative return on equity of 12.98%. On average, equities analysts predict that Intapp, Inc. will post -0.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Truist Financial boosted their target price on shares of Intapp from $46.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Barclays dropped their price target on shares of Intapp from $47.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. Piper Sandler restated an “overweight” rating and issued a $52.00 price target on shares of Intapp in a research report on Monday, February 26th. Citigroup assumed coverage on shares of Intapp in a research report on Tuesday, January 23rd. They issued a “buy” rating and a $57.00 price target on the stock. Finally, Stifel Nicolaus boosted their price target on shares of Intapp from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $49.22.

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.