Advisors Asset Management Inc. Buys 519 Shares of Intapp, Inc. (NASDAQ:INTA)

Advisors Asset Management Inc. raised its stake in Intapp, Inc. (NASDAQ:INTA) by 59.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,397 shares of the company’s stock after purchasing an additional 519 shares during the period. Advisors Asset Management Inc.’s holdings in Intapp were worth $67,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Intapp by 55.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 189,601 shares of the company’s stock valued at $9,069,000 after purchasing an additional 67,912 shares during the last quarter. George Kaiser Family Foundation boosted its stake in Intapp by 14.5% in the 3rd quarter. George Kaiser Family Foundation now owns 119,097 shares of the company’s stock valued at $5,696,000 after purchasing an additional 15,127 shares during the period. Quest Partners LLC acquired a new position in Intapp in the 3rd quarter valued at $54,000. Natixis Advisors LLC acquired a new position in Intapp in the 3rd quarter valued at $1,471,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Intapp during the third quarter worth $481,000. 89.96% of the stock is owned by institutional investors.

Intapp Stock Performance

Shares of INTA stock opened at $62.55 on Friday. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $64.56. The stock’s fifty day moving average price is $52.58 and its two-hundred day moving average price is $43.15. The company has a market cap of $4.84 billion, a PE ratio of -215.69 and a beta of 0.64.

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

Insider Activity at Intapp

In other news, COO Donald F. Coleman sold 58,003 shares of Intapp stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $49.31, for a total transaction of $2,860,127.93. Following the sale, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at approximately $32,950,865.09. This trade represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David H. Morton, Jr. sold 4,204 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $59.97, for a total value of $252,113.88. Following the sale, the chief financial officer now owns 27,331 shares in the company, valued at approximately $1,639,040.07. This trade represents a 13.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 390,215 shares of company stock valued at $21,267,180. 13.02% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

INTA has been the topic of several research reports. UBS Group upped their price target on shares of Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Citigroup boosted their price objective on shares of Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Stifel Nicolaus lifted their price target on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Piper Sandler reiterated an “overweight” rating and issued a $60.00 price target (up from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Finally, Bank of America lowered their price objective on Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.55.

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.