Franklin Resources Inc. Has $36.44 Million Stock Holdings in Intapp, Inc. (NASDAQ:INTA)

Franklin Resources Inc. increased its holdings in shares of Intapp, Inc. (NASDAQ:INTA) by 24.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 568,607 shares of the company’s stock after acquiring an additional 111,988 shares during the period. Franklin Resources Inc.’s holdings in Intapp were worth $36,442,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. acquired a new stake in Intapp during the fourth quarter valued at approximately $291,000. Venturi Wealth Management LLC acquired a new stake in Intapp in the 4th quarter valued at $305,000. Barclays PLC boosted its stake in Intapp by 90.1% in the 3rd quarter. Barclays PLC now owns 106,781 shares of the company’s stock valued at $5,108,000 after buying an additional 50,607 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Intapp in the fourth quarter valued at $378,000. Finally, Truist Financial Corp acquired a new position in Intapp during the fourth quarter worth $349,000. Institutional investors own 89.96% of the company’s stock.

Intapp Stock Down 6.8 %

INTA stock opened at $50.95 on Friday. The business has a fifty day moving average of $65.12 and a 200-day moving average of $60.73. The company has a market cap of $4.05 billion, a P/E ratio of -175.68 and a beta of 0.82. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $77.74.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) earnings per share 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, equities research analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Intapp

In related news, insider Thad Jampol sold 112,928 shares of Intapp stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $59.27, for a total transaction of $6,693,242.56. Following the completion of the sale, the insider now directly owns 857,250 shares of the company’s stock, valued at $50,809,207.50. The trade was a 11.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John T. Hall sold 33,227 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $2,287,014.41. Following the completion of the transaction, the chief executive officer now directly owns 5,258,576 shares in the company, valued at $361,947,786.08. The trade was a 0.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 294,755 shares of company stock valued at $18,325,761. 13.02% of the stock is currently owned by insiders.

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.