Artisan Partners Limited Partnership Has $58.12 Million Position in Intapp, Inc. (NASDAQ:INTA)

Artisan Partners Limited Partnership increased its holdings in Intapp, Inc. (NASDAQ:INTA) by 36.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 906,858 shares of the company’s stock after purchasing an additional 241,862 shares during the period. Artisan Partners Limited Partnership owned approximately 1.14% of Intapp worth $58,121,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. grew its stake in shares of Intapp by 92.3% in the 4th quarter. Prudential Financial Inc. now owns 669,277 shares of the company’s stock valued at $42,894,000 after purchasing an additional 321,329 shares during the period. Corebridge Financial Inc. boosted its stake in Intapp by 27.0% in the 4th quarter. Corebridge Financial Inc. now owns 26,515 shares of the company’s stock valued at $1,699,000 after buying an additional 5,642 shares in the last quarter. Vanguard Group Inc. grew its position in Intapp by 11.8% in the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock valued at $408,139,000 after acquiring an additional 672,832 shares during the period. LPL Financial LLC raised its stake in Intapp by 16.5% during the fourth quarter. LPL Financial LLC now owns 20,706 shares of the company’s stock worth $1,327,000 after acquiring an additional 2,925 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Intapp during the fourth quarter valued at $673,000. Institutional investors own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

INTA has been the topic of several analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $71.00 target price (up previously from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Barclays upped their price objective on shares of Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Citigroup reiterated a “neutral” rating and issued a $78.00 target price (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th. UBS Group increased their price target on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, Raymond James reiterated a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.45.

Insider Buying and Selling at Intapp

In related news, insider Michele Murgel sold 1,962 shares of the 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 sale, the insider now directly owns 182,462 shares in the company, valued at $10,947,720. This trade represents a 1.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John T. Hall sold 33,227 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $2,287,014.41. Following the transaction, the chief executive officer now 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 184,827 shares of company stock valued at $11,825,658. 13.02% of the stock is currently owned by insiders.

Intapp Stock Up 0.1 %

Shares of INTA opened at $61.59 on Friday. The stock’s fifty day simple moving average is $66.57 and its 200-day simple moving average is $60.13. The firm has a market capitalization of $4.89 billion, a PE ratio of -212.37 and a beta of 0.76. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $77.74.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. Analysts anticipate that Intapp, Inc. will post -0.14 EPS 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.