Victory Capital Management Inc. Has $555,000 Stock Position in Intapp, Inc. (NASDAQ:INTA)

Victory Capital Management Inc. boosted its holdings in shares of Intapp, Inc. (NASDAQ:INTA) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,652 shares of the company’s stock after buying an additional 171 shares during the period. Victory Capital Management Inc.’s holdings in Intapp were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of INTA. Natixis Advisors LLC acquired a new position in Intapp during the third quarter valued at $1,471,000. Quest Partners LLC acquired a new position in Intapp during the third quarter valued at $54,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in 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 in the last quarter. Advisors Asset Management Inc. grew its stake 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 purchasing an additional 519 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in Intapp in the third quarter valued at about $488,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Intapp Stock Performance

INTA opened at $60.95 on Friday. The stock has a 50-day moving average of $66.88 and a 200-day moving average of $59.62. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $77.74. The company has a market cap of $4.84 billion, a PE ratio of -210.17 and a beta of 0.76.

Intapp (NASDAQ:INTA) last announced its 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 net margin of 4.78% and a negative return on equity of 1.86%. On average, research analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Barclays boosted their target price on Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Raymond James restated a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. UBS Group boosted their target price on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Piper Sandler restated an “overweight” rating and issued a $71.00 target price (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Finally, Truist Financial boosted their target price on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $66.45.

Insider Activity at Intapp

In other Intapp news, CEO John T. Hall sold 33,227 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $2,287,014.41. Following the completion of the transaction, the chief executive officer now owns 5,258,576 shares of the company’s stock, valued at $361,947,786.08. This represents a 0.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Scott Fitzgerald sold 3,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief marketing officer now directly owns 39,212 shares of the company’s stock, 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. Insiders sold a total of 184,827 shares of company stock worth $11,825,658 in the last 90 days. 13.02% of the stock is owned by company insiders.

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.