Alliancebernstein L.P. Grows Stock Position in Intapp, Inc. (NASDAQ:INTA)

Alliancebernstein L.P. lifted its holdings in Intapp, Inc. (NASDAQ:INTA) by 4.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,654,866 shares of the company’s stock after purchasing an additional 63,443 shares during the period. Alliancebernstein L.P. owned about 2.08% of Intapp worth $106,060,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its position in Intapp by 2.0% in the fourth quarter. Victory Capital Management Inc. now owns 8,652 shares of the company’s stock worth $555,000 after acquiring an additional 171 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Intapp by 8.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company’s stock worth $190,000 after purchasing an additional 239 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Intapp by 1.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company’s stock worth $1,187,000 after purchasing an additional 264 shares during the period. Global Retirement Partners LLC purchased a new position in Intapp during the fourth quarter valued at $25,000. Finally, Raleigh Capital Management Inc. bought a new stake in Intapp during the fourth quarter valued at about $25,000. 89.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on INTA shares. Truist Financial raised their price objective on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Barclays lifted their price target on shares of Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Piper Sandler reissued an “overweight” rating and issued a $71.00 price objective (up from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Raymond James restated a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Finally, Stifel Nicolaus upped their target price on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.45.

Intapp Stock Up 0.2 %

INTA opened at $59.55 on Thursday. The company has a market capitalization of $4.73 billion, a PE ratio of -205.34 and a beta of 0.76. The firm has a 50-day simple moving average of $65.82 and a two-hundred day simple moving average of $60.66. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $77.74.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) 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%. As a group, sell-side analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current year.

Insider Activity 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 completion of 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 trade represents a 0.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michele Murgel sold 7,531 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $518,358.73. Following the sale, the insider now directly owns 223,945 shares in the company, valued at $15,414,134.35. The trade was a 3.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 181,827 shares of company stock valued at $11,632,518. 13.02% of the stock is owned by corporate insiders.

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.