Vontobel Holding Ltd. Takes $284,000 Position in Intapp, Inc. (NASDAQ:INTA)

Vontobel Holding Ltd. purchased a new stake in shares of Intapp, Inc. (NASDAQ:INTA) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,467 shares of the company’s stock, valued at approximately $284,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. purchased a new stake in Intapp in the 3rd quarter valued at about $52,000. Allspring Global Investments Holdings LLC raised its holdings in Intapp by 152.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,998 shares of the company’s stock valued at $67,000 after buying an additional 1,205 shares during the period. PNC Financial Services Group Inc. raised its holdings in Intapp by 81,400.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,445 shares of the company’s stock valued at $82,000 after buying an additional 2,442 shares during the period. Amalgamated Bank raised its holdings in Intapp by 30.5% in the 3rd quarter. Amalgamated Bank now owns 3,033 shares of the company’s stock valued at $102,000 after buying an additional 708 shares during the period. Finally, Counterpoint Mutual Funds LLC purchased a new stake in Intapp in the 3rd quarter valued at about $138,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Truist Financial boosted their price objective on shares of Intapp from $46.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Piper Sandler reiterated an “overweight” rating and set a $52.00 price target on shares of Intapp in a research note on Monday, February 26th. Citigroup cut their price target on shares of Intapp from $57.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday. Barclays cut their price target on shares of Intapp from $47.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. 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 note on Wednesday, February 7th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $48.67.

Insider Activity at Intapp

In related news, CMO Scott Fitzgerald sold 1,363 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $45.00, for a total value of $61,335.00. Following the completion of the transaction, the chief marketing officer now directly owns 29,568 shares of the company’s stock, valued at $1,330,560. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director George R. Neble sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $31.38, for a total value of $47,070.00. Following the completion of the transaction, the director now directly owns 29,047 shares of the company’s stock, valued at $911,494.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Scott Fitzgerald sold 1,363 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $45.00, for a total value of $61,335.00. Following the completion of the transaction, the chief marketing officer now directly owns 29,568 shares of the company’s stock, valued at $1,330,560. The disclosure for this sale can be found here. Insiders sold 7,117,067 shares of company stock valued at $258,544,060 over the last three months. 36.56% of the stock is owned by corporate insiders.

Intapp Stock Performance

INTA stock opened at $30.91 on Wednesday. The company’s 50 day moving average price is $35.24 and its 200 day moving average price is $37.42. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $50.46. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of -38.64 and a beta of 0.51.

Intapp (NASDAQ:INTA) last released its earnings results 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 firm had revenue of $103.93 million for the quarter, compared to analyst estimates of $103.17 million. Equities analysts forecast that Intapp, Inc. will post -0.53 EPS for the current fiscal year.

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.