Intapp, Inc. (NASDAQ:INTA) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lessened its holdings in shares of Intapp, Inc. (NASDAQ:INTA) by 19.1% in the fourth quarter, HoldingsChannel reports. The fund owned 153,456 shares of the company’s stock after selling 36,145 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Intapp were worth $9,835,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its position in Intapp by 2.0% during the 4th 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 lifted its holdings in shares of Intapp by 8.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company’s stock valued at $190,000 after buying an additional 239 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Intapp by 1.1% in the third quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company’s stock valued at $1,187,000 after buying an additional 264 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of Intapp in the fourth quarter valued at $25,000. Finally, Raleigh Capital Management Inc. acquired a new stake in shares of Intapp in the fourth quarter valued at $25,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insider Transactions at Intapp

In other news, insider Thad Jampol sold 20,000 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $61.85, for a total transaction of $1,237,000.00. Following the completion of the sale, the insider now owns 828,197 shares in the company, valued at approximately $51,223,984.45. This represents a 2.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO David H. Morton, Jr. sold 5,445 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $374,779.35. Following the sale, the chief financial officer now owns 38,996 shares of the company’s stock, valued at approximately $2,684,094.68. This trade represents a 12.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 230,447 shares of company stock worth $15,186,622. 13.02% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Piper Sandler restated an “overweight” rating and issued a $71.00 price objective (up previously from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Citigroup restated a “neutral” rating and issued a $78.00 price objective (down previously from $87.00) on shares of Intapp in a report on Thursday, January 16th. UBS Group upped their price objective on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Truist Financial upped their target price on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Barclays upped their target price on Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $66.45.

Intapp Price Performance

Shares of INTA stock opened at $59.28 on Friday. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $77.74. The stock’s 50-day moving average is $67.24 and its two-hundred day moving average is $59.12. The firm has a market cap of $4.71 billion, a P/E ratio of -204.41 and a beta of 0.77.

Intapp (NASDAQ:INTA) last released its quarterly earnings results 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, research analysts expect 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.