Intech Investment Management LLC Invests $488,000 in Intapp, Inc. (NASDAQ:INTA)

Intech Investment Management LLC acquired a new stake in Intapp, Inc. (NASDAQ:INTA) during the third quarter, according to its most recent filing with the SEC. The firm acquired 10,201 shares of the company’s stock, valued at approximately $488,000.

Several other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its stake in shares of Intapp by 7.2% in the third quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company’s stock valued at $265,000 after buying an additional 373 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Intapp by 59.1% in the third quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock valued at $67,000 after acquiring an additional 519 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Intapp by 1,054.0% during the 3rd 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. J.Safra Asset Management Corp grew its stake in shares of Intapp by 634.0% during the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after purchasing an additional 615 shares during the period. Finally, Federated Hermes Inc. increased its holdings in shares of Intapp by 9.8% in the 2nd quarter. Federated Hermes Inc. now owns 7,805 shares of the company’s stock valued at $286,000 after purchasing an additional 694 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intapp

In other Intapp news, insider Thad Jampol sold 31,666 shares of Intapp stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $49.09, for a total value of $1,554,483.94. Following the transaction, the insider now owns 772,412 shares of the company’s stock, valued at approximately $37,917,705.08. The trade was a 3.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John T. Hall sold 61,842 shares of Intapp stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $59.68, for a total transaction of $3,690,730.56. Following the completion of the sale, the chief executive officer now owns 5,030,432 shares in the company, valued at $300,216,181.76. This trade represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 390,215 shares of company stock valued at $21,267,180. 13.02% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

INTA has been the subject of a number of research reports. 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 set a $60.00 target price (up from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Truist Financial restated a “buy” rating and issued a $55.00 price target (up previously from $47.00) on shares of Intapp in a research report on Tuesday, November 5th. Bank of America decreased their price objective on shares of Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Finally, Raymond James raised their target price on shares of Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Intapp has an average rating of “Moderate Buy” and an average price target of $53.55.

Intapp Stock Performance

NASDAQ INTA opened at $62.55 on Monday. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of -215.69 and a beta of 0.64. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $64.56. The firm’s 50 day moving average price is $52.58 and its two-hundred day moving average price is $43.15.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08. The business had revenue of $118.81 million during the quarter, compared to analyst estimates 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 quarter in the previous year, the business earned ($0.20) EPS. On average, research analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal 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.