Swiss National Bank Reduces Stake in Intapp, Inc. (NASDAQ:INTA)

Swiss National Bank lessened its stake in shares of Intapp, Inc. (NASDAQ:INTA) by 7.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,700 shares of the company’s stock after selling 4,400 shares during the quarter. Swiss National Bank owned 0.08% of Intapp worth $2,080,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its stake in shares of Intapp by 152.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,998 shares of the company’s stock valued at $67,000 after buying an additional 1,205 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Intapp by 81,400.0% in the third quarter. PNC Financial Services Group Inc. now owns 2,445 shares of the company’s stock valued at $82,000 after purchasing an additional 2,442 shares in the last quarter. Amalgamated Bank boosted its position in Intapp by 30.5% in the 3rd quarter. Amalgamated Bank now owns 3,033 shares of the company’s stock valued at $102,000 after buying an additional 708 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Intapp by 90.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,321 shares of the company’s stock worth $145,000 after purchasing an additional 2,052 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of Intapp during the third quarter worth approximately $211,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Intapp Stock Performance

Shares of INTA opened at $36.18 on Friday. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $50.46. The company has a market capitalization of $2.66 billion, a PE ratio of -59.31 and a beta of 0.56. The stock has a fifty day moving average of $33.57 and a two-hundred day moving average of $37.32.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Piper Sandler decreased their price target on Intapp from $52.00 to $46.00 and set an “overweight” rating for the company in a report on Friday, May 10th. BTIG Research dropped their price objective on Intapp from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Truist Financial lifted their price target on shares of Intapp from $46.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Barclays decreased their price objective on shares of Intapp from $47.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. Finally, Oppenheimer lowered their target price on Intapp from $50.00 to $42.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $46.13.

Insider Activity

In other Intapp news, Director George R. Neble sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $31.38, for a total value of $47,070.00. Following the sale, the director now directly owns 29,047 shares of the company’s stock, valued at approximately $911,494.86. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director George R. Neble sold 1,500 shares of the stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $31.38, for a total transaction of $47,070.00. Following the transaction, the director now directly owns 29,047 shares in the company, valued at approximately $911,494.86. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michele Murgel sold 4,224 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $36.88, for a total transaction of $155,781.12. Following the completion of the sale, the insider now owns 171,947 shares of the company’s stock, valued at $6,341,405.36. The disclosure for this sale can be found here. Insiders sold a total of 7,080,724 shares of company stock valued at $256,931,601 over the last quarter. Company insiders own 36.56% of the company’s stock.

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.