Franklin Resources Inc. Has $22.17 Million Stock Holdings in Intapp, Inc. (NASDAQ:INTA)

Franklin Resources Inc. grew its position in Intapp, Inc. (NASDAQ:INTA) by 28.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 456,619 shares of the company’s stock after buying an additional 100,982 shares during the period. Franklin Resources Inc.’s holdings in Intapp were worth $22,173,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in INTA. Luxor Capital Group LP bought a new stake in Intapp during the 3rd quarter worth about $47,837,000. FMR LLC lifted its stake in shares of Intapp by 7.8% in the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock valued at $270,668,000 after purchasing an additional 411,434 shares during the period. Loomis Sayles & Co. L P grew its stake in shares of Intapp by 29.9% during the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after purchasing an additional 343,275 shares during the period. Clearbridge Investments LLC increased its holdings in Intapp by 64.0% in the second quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock valued at $28,319,000 after purchasing an additional 301,238 shares during the last quarter. Finally, Praesidium Investment Management Company LLC increased its stake in shares of Intapp by 15.3% in the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock valued at $92,316,000 after acquiring an additional 256,327 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. 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 report on Tuesday, November 5th. Piper Sandler reiterated an “overweight” rating and set a $60.00 target price (up from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Stifel Nicolaus boosted their price objective on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their target price on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Citigroup upped their price target on shares of Intapp from $63.00 to $87.00 and gave the company a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Intapp presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.64.

Insider Transactions at Intapp

In other news, insider Michele Murgel sold 1,252 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $62,600.00. Following the completion of the transaction, the insider now directly owns 152,702 shares in the company, valued at approximately $7,635,100. The trade was a 0.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thad Jampol sold 20,000 shares of the stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $45.09, for a total transaction of $901,800.00. Following the sale, the insider now owns 772,412 shares in the company, valued at $34,828,057.08. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 441,194 shares of company stock valued at $26,470,383. 13.02% of the stock is currently owned by company insiders.

Intapp Stock Up 0.3 %

Shares of NASDAQ:INTA opened at $64.61 on Friday. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $71.34. The business has a 50 day moving average of $57.95 and a 200-day moving average of $46.04. The stock has a market cap of $5.00 billion, a PE ratio of -222.79 and a beta of 0.74.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.08. The firm had revenue of $118.81 million for the quarter, compared to analysts’ expectations of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.20) EPS. Equities research analysts expect that Intapp, Inc. will post -0.14 earnings per share 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.