AtonRa Partners Sells 2,912 Shares of Intapp, Inc. (NASDAQ:INTA)

AtonRa Partners cut its holdings in Intapp, Inc. (NASDAQ:INTA) by 24.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,985 shares of the company’s stock after selling 2,912 shares during the quarter. AtonRa Partners’ holdings in Intapp were worth $342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of INTA. Robeco Institutional Asset Management B.V. bought a new stake in Intapp during the 3rd quarter valued at approximately $52,000. Allspring Global Investments Holdings LLC boosted its position in Intapp by 152.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,998 shares of the company’s stock valued at $67,000 after acquiring an additional 1,205 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Intapp by 81,400.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,445 shares of the company’s stock valued at $82,000 after acquiring an additional 2,442 shares in the last quarter. Amalgamated Bank boosted its position in Intapp by 30.5% during the 3rd quarter. Amalgamated Bank now owns 3,033 shares of the company’s stock valued at $102,000 after acquiring an additional 708 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Intapp by 90.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,321 shares of the company’s stock valued at $145,000 after acquiring an additional 2,052 shares in the last quarter. 89.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on INTA. Truist Financial lifted their price objective on Intapp from $46.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Stifel Nicolaus dropped their price target on Intapp from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Citigroup dropped their price target on Intapp from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Piper Sandler reissued an “overweight” rating and issued a $52.00 price target on shares of Intapp in a research report on Monday, February 26th. Finally, Barclays dropped their price target on Intapp from $47.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $48.44.

Intapp Price Performance

NASDAQ INTA traded down $0.01 during mid-day trading on Monday, reaching $31.87. The stock had a trading volume of 415,961 shares, compared to its average volume of 599,559. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $50.46. The stock has a market cap of $2.33 billion, a PE ratio of -39.84 and a beta of 0.51. The company has a fifty day moving average price of $34.37 and a 200 day moving average price of $37.29.

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

Insider Buying and Selling at Intapp

In other Intapp news, COO Donald F. Coleman sold 5,000 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $44.11, for a total transaction of $220,550.00. Following the completion of the sale, the chief operating officer now directly owns 612,011 shares in the company, valued at approximately $26,995,805.21. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Intapp news, COO Donald F. Coleman sold 5,000 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $44.11, for a total transaction of $220,550.00. Following the completion of the sale, the chief operating officer now directly owns 612,011 shares in the company, valued at approximately $26,995,805.21. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Great Hill Equity Partners Iv sold 7,000,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $36.27, for a total transaction of $253,890,000.00. Following the sale, the insider now directly owns 6,738,269 shares of the company’s stock, valued at approximately $244,397,016.63. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,115,704 shares of company stock worth $258,482,725. Insiders own 36.56% of the company’s stock.

Intapp 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.