Atria Investments Inc Buys Shares of 4,090 Intapp, Inc. (NASDAQ:INTA)

Atria Investments Inc bought a new position in shares of Intapp, Inc. (NASDAQ:INTA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,090 shares of the company’s stock, valued at approximately $262,000.

Several other institutional investors also recently modified their holdings of INTA. FMR LLC boosted its stake in Intapp by 7.8% during the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after acquiring an additional 411,434 shares during the last quarter. Bamco Inc. NY increased its stake in Intapp by 1.2% in the third quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock valued at $136,337,000 after purchasing an additional 34,409 shares in the last quarter. Praesidium Investment Management Company LLC raised its holdings in Intapp by 15.3% in the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock worth $92,316,000 after purchasing an additional 256,327 shares during the period. Loomis Sayles & Co. L P grew its holdings in shares of Intapp by 29.9% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock valued at $71,392,000 after buying an additional 343,275 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Intapp by 9.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock valued at $50,291,000 after buying an additional 95,035 shares in 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 20,000 shares of Intapp stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $61.85, for a total transaction of $1,237,000.00. Following the completion of the transaction, the insider now directly owns 828,197 shares in the company, valued at approximately $51,223,984.45. The trade was a 2.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Scott Fitzgerald sold 3,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $64.38, for a total value of $193,140.00. Following the completion of the sale, the chief marketing officer now owns 39,212 shares in the company, valued at approximately $2,524,468.56. This trade represents a 7.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 159,461 shares of company stock valued at $10,300,656. 13.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

INTA has been the topic of several recent analyst reports. Piper Sandler reiterated an “overweight” rating and set a $71.00 target price (up from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Truist Financial boosted their price objective on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, December 13th. UBS Group increased their target price on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. lifted their price target on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, Raymond James reissued a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $66.45.

Intapp Stock Up 1.3 %

Shares of INTA stock opened at $60.03 on Tuesday. The firm has a market cap of $4.77 billion, a PE ratio of -206.99 and a beta of 0.76. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $77.74. The company’s fifty day simple moving average is $67.19 and its 200-day simple moving average is $59.41.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. On average, equities analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

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.