Wilmington Savings Fund Society FSB Lowers Stock Position in Intapp, Inc. (NASDAQ:INTA)

Wilmington Savings Fund Society FSB cut its position in shares of Intapp, Inc. (NASDAQ:INTA) by 21.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,063 shares of the company’s stock after selling 282 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Intapp were worth $68,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. purchased a new position in Intapp during the fourth quarter valued at $25,000. Farther Finance Advisors LLC lifted its holdings in Intapp by 1,054.0% during the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 527 shares in the last quarter. Quest Partners LLC purchased a new position in Intapp during the third quarter valued at $54,000. Financial Management Professionals Inc. purchased a new position in Intapp during the third quarter valued at $57,000. Finally, Advisors Asset Management Inc. lifted its holdings in Intapp by 59.1% during the third quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock valued at $67,000 after purchasing an additional 519 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Intapp news, CMO Scott Fitzgerald sold 5,221 shares of Intapp stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $59.30, for a total transaction of $309,605.30. Following the completion of the sale, the chief marketing officer now directly owns 46,552 shares in the company, valued at $2,760,533.60. This trade represents a 10.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John T. Hall sold 70,986 shares of Intapp stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $68.83, for a total transaction of $4,885,966.38. Following the sale, the chief executive officer now owns 5,026,096 shares of the company’s stock, valued at approximately $345,946,187.68. This represents a 1.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 316,846 shares of company stock worth $20,158,913. Insiders own 13.02% of the company’s stock.

Wall Street Analyst Weigh In

INTA has been the topic of several recent analyst reports. Truist Financial increased their price objective on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a report on Friday, December 13th. JPMorgan Chase & Co. increased their price objective on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Stifel Nicolaus increased their price objective on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Piper Sandler reiterated an “overweight” rating and issued a $71.00 target price (up from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Finally, Citigroup reiterated a “neutral” rating and issued a $78.00 target price (down from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $66.45.

Intapp Trading Up 4.1 %

Intapp stock opened at $74.10 on Friday. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $75.90. The stock has a market cap of $5.88 billion, a P/E ratio of -255.51 and a beta of 0.74. The company has a 50-day moving average price of $67.80 and a 200 day moving average price of $55.09.

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

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.