Olympiad Research LP Reduces Stock Holdings in Intapp, Inc. (NASDAQ:INTA)

Olympiad Research LP trimmed its position in Intapp, Inc. (NASDAQ:INTA) by 27.9% during the 4th quarter, HoldingsChannel reports. The firm owned 7,168 shares of the company’s stock after selling 2,767 shares during the period. Olympiad Research LP’s holdings in Intapp were worth $459,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raleigh Capital Management Inc. purchased a new position in Intapp in the fourth quarter worth about $25,000. Global Retirement Partners LLC bought a new position in shares of Intapp in the fourth quarter worth about $25,000. Farther Finance Advisors LLC raised its stake in shares of Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after buying an additional 527 shares during the period. Quest Partners LLC bought a new position in shares of Intapp in the third quarter worth about $54,000. Finally, Financial Management Professionals Inc. bought a new position in shares of Intapp in the third quarter worth about $57,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on INTA shares. JPMorgan Chase & Co. raised their price objective on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Barclays raised their price objective on Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Truist Financial raised their price objective on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. UBS Group raised their price objective on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, Citigroup reissued a “neutral” rating and set a $78.00 target price (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Intapp has an average rating of “Moderate Buy” and an average target price of $66.45.

Intapp Stock Down 4.7 %

INTA opened at $66.11 on Friday. The business has a fifty day moving average of $68.13 and a 200 day moving average of $56.78. The stock has a market cap of $5.25 billion, a P/E ratio of -227.96 and a beta of 0.74. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $77.74.

Intapp (NASDAQ:INTA) last issued its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. Equities analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling at Intapp

In other news, insider Thad Jampol sold 20,000 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $67.97, for a total value of $1,359,400.00. Following the completion of the transaction, the insider now directly owns 798,222 shares of the company’s stock, valued at approximately $54,255,149.34. The trade was a 2.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John T. Hall sold 61,842 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $59.68, for a total value of $3,690,730.56. Following the completion of the transaction, the chief executive officer now directly owns 5,030,432 shares of the company’s stock, valued at approximately $300,216,181.76. The trade was a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 287,688 shares of company stock valued at $19,019,774 in the last ninety days. Corporate insiders own 13.02% of the company’s stock.

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.