Captrust Financial Advisors Invests $215,000 in Intapp, Inc. (NASDAQ:INTA)

Captrust Financial Advisors purchased a new position in Intapp, Inc. (NASDAQ:INTA) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,497 shares of the company’s stock, valued at approximately $215,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Farther Finance Advisors LLC grew its position in shares of Intapp by 1,054.0% during the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after buying an additional 527 shares in the last quarter. Blue Trust Inc. bought a new stake in shares of Intapp during the second quarter valued at about $30,000. Comerica Bank raised its stake in shares of Intapp by 218.4% during the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after purchasing an additional 865 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Intapp during the third quarter valued at about $54,000. Finally, Financial Management Professionals Inc. acquired a new position in Intapp during the third quarter worth about $57,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Intapp Stock Performance

INTA opened at $68.63 on Monday. The business has a 50 day moving average price of $56.35 and a 200 day moving average price of $45.35. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $71.34. The firm has a market cap of $5.31 billion, a P/E ratio of -236.66 and a beta of 0.74.

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

Insiders Place Their Bets

In other Intapp news, Director Ralph Baxter sold 5,000 shares of the business’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $47.44, for a total value of $237,200.00. Following the transaction, the director now owns 5,624 shares of the company’s stock, valued at approximately $266,802.56. The trade was a 47.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thad Jampol sold 31,666 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $49.09, for a total value of $1,554,483.94. Following the completion of the transaction, the insider now directly owns 772,412 shares in the company, valued at approximately $37,917,705.08. This represents a 3.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 428,215 shares of company stock valued at $23,806,670 in the last three months. Company insiders own 13.02% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on INTA. Barclays lifted their price target on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Truist Financial raised their price objective on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. lifted their price target on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Raymond James lifted their price target on Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, Stifel Nicolaus lifted their price target on Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $57.09.

Intapp 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.