Intapp, Inc. (NASDAQ:INTA) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. raised its stake in shares of Intapp, Inc. (NASDAQ:INTA) by 28.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 456,619 shares of the company’s stock after acquiring an additional 100,982 shares during the quarter. Franklin Resources Inc. owned approximately 0.59% of Intapp worth $22,173,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its stake in 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 purchasing an additional 527 shares in the last quarter. Blue Trust Inc. bought a new stake in shares of Intapp in the 2nd quarter valued at approximately $30,000. Quest Partners LLC bought a new position in Intapp during the third quarter worth $54,000. Financial Management Professionals Inc. bought a new stake in Intapp during the third quarter valued at $57,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Intapp during the third quarter worth $64,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Intapp Stock Up 0.3 %

INTA stock opened at $64.61 on Friday. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of -222.79 and a beta of 0.74. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $71.34. The firm has a 50 day moving average of $57.95 and a two-hundred day moving average of $46.04.

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

Insiders Place Their Bets

In related news, insider Thad Jampol sold 20,000 shares of the firm’s 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 completion of the transaction, the insider now owns 772,412 shares in the company, valued at $34,828,057.08. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Donald F. Coleman sold 30,318 shares of Intapp stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $49.43, for a total value of $1,498,618.74. Following the completion of the transaction, the chief operating officer now owns 668,239 shares of the company’s stock, valued at approximately $33,031,053.77. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 441,194 shares of company stock valued at $26,470,383 in the last three months. Company insiders own 13.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on INTA shares. Raymond James increased their price objective on shares of Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Piper Sandler restated an “overweight” rating and set a $60.00 price objective (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Citigroup lifted their price target on Intapp from $63.00 to $87.00 and gave the company a “buy” rating in a report on Monday. Truist Financial increased their price objective on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Stifel Nicolaus boosted their price target on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Intapp has an average rating of “Moderate Buy” and a consensus price target of $60.64.

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.