Oppenheimer Asset Management Inc. Sells 2,024 Shares of Intapp, Inc. (NASDAQ:INTA)

Oppenheimer Asset Management Inc. trimmed its position in shares of Intapp, Inc. (NASDAQ:INTA) by 11.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,387 shares of the company’s stock after selling 2,024 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Intapp were worth $736,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Intapp by 42.7% in the 1st quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock worth $172,002,000 after acquiring an additional 1,501,091 shares during the last quarter. Clearbridge Investments LLC purchased a new stake in shares of Intapp in the first quarter worth about $16,156,000. Jane Street Group LLC boosted its position in shares of Intapp by 766.2% in the first quarter. Jane Street Group LLC now owns 166,456 shares of the company’s stock valued at $5,709,000 after acquiring an additional 147,240 shares during the period. Swiss National Bank grew its position in shares of Intapp by 58.1% during the 1st quarter. Swiss National Bank now owns 86,500 shares of the company’s stock valued at $2,967,000 after purchasing an additional 31,800 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Intapp by 1,054.0% during the 3rd 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. 89.96% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO Donald F. Coleman sold 35,778 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $54.23, for a total value of $1,940,240.94. Following the transaction, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at approximately $36,238,600.97. The trade was a 5.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ralph Baxter sold 50,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $57.10, for a total transaction of $2,855,000.00. Following the transaction, the director now directly owns 5,624 shares of the company’s stock, valued at $321,130.40. The trade was a 89.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 237,017 shares of company stock worth $12,156,222 over the last three months. 13.02% of the stock is currently owned by company insiders.

Intapp Trading Up 0.4 %

Shares of NASDAQ:INTA opened at $56.36 on Tuesday. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of -194.34 and a beta of 0.64. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $60.88. The stock has a fifty day simple moving average of $50.16 and a two-hundred day simple moving average of $41.64.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08. The business had revenue of $118.81 million during the quarter, compared to analyst estimates of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. Intapp’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.20) earnings per share. As a group, equities research analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on INTA. Stifel Nicolaus lifted their price objective on Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Citigroup increased their target price on shares of Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Truist Financial reaffirmed a “buy” rating and issued a $55.00 price target (up from $47.00) on shares of Intapp in a research note on Tuesday, November 5th. Barclays boosted their price objective on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. upped their target price on Intapp from $52.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Intapp presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.55.

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.