Federated Hermes Inc. Acquires 694 Shares of Intapp, Inc. (NASDAQ:INTA)

Federated Hermes Inc. grew its holdings in shares of Intapp, Inc. (NASDAQ:INTA) by 9.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,805 shares of the company’s stock after buying an additional 694 shares during the quarter. Federated Hermes Inc.’s holdings in Intapp were worth $286,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. J.Safra Asset Management Corp raised its holdings in Intapp by 634.0% during the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after acquiring an additional 615 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Intapp by 239.1% during the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after purchasing an additional 581 shares during the last quarter. Blue Trust Inc. bought a new stake in shares of Intapp during the 2nd quarter worth approximately $30,000. Comerica Bank raised its stake in shares of Intapp by 218.4% during the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after purchasing an additional 865 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of Intapp by 164.6% in the 4th quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock valued at $50,000 after buying an additional 815 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Thad Jampol sold 15,000 shares of Intapp stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $34.92, for a total value of $523,800.00. Following the completion of the sale, the insider now directly owns 749,652 shares in the company, valued at $26,177,847.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Intapp news, COO Donald F. Coleman sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $34.94, for a total value of $174,700.00. Following the transaction, the chief operating officer now directly owns 648,411 shares of the company’s stock, valued at approximately $22,655,480.34. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thad Jampol sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $34.92, for a total transaction of $523,800.00. Following the completion of the transaction, the insider now owns 749,652 shares of the company’s stock, valued at $26,177,847.84. The disclosure for this sale can be found here. Insiders have sold a total of 114,669 shares of company stock worth $5,295,562 in the last quarter. Corporate insiders own 36.56% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Oppenheimer reaffirmed a “market perform” rating on shares of Intapp in a research report on Monday, July 8th. Stifel Nicolaus upped their target price on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday. Piper Sandler reiterated an “overweight” rating and issued a $46.00 target price on shares of Intapp in a research note on Wednesday, August 14th. Citigroup boosted their price target on Intapp from $50.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Finally, Barclays upped their price objective on Intapp from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, August 14th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.78.

Intapp Trading Up 1.9 %

NASDAQ:INTA opened at $50.30 on Wednesday. The stock has a 50 day simple moving average of $40.81 and a 200 day simple moving average of $36.57. The stock has a market cap of $3.69 billion, a P/E ratio of -82.46 and a beta of 0.65. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $50.78.

Intapp (NASDAQ:INTA) last posted its earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. Intapp had a negative return on equity of 5.36% and a negative net margin of 7.44%. The company had revenue of $114.38 million during the quarter, compared to the consensus estimate of $111.58 million. During the same quarter last year, the firm earned ($0.14) earnings per share. The company’s revenue was up 20.9% on a year-over-year basis. As a group, sell-side analysts forecast that Intapp, Inc. will post -0.15 EPS for the current year.

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.