FORA Capital LLC Invests $566,000 in Intapp, Inc. (NASDAQ:INTA)

FORA Capital LLC purchased a new position in Intapp, Inc. (NASDAQ:INTA - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,824 shares of the company's stock, valued at approximately $566,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC raised its position in shares of Intapp by 7.8% during the third quarter. FMR LLC now owns 5,658,957 shares of the company's stock worth $270,668,000 after purchasing an additional 411,434 shares during the period. Vanguard Group Inc. lifted its stake in Intapp by 42.7% during the first quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company's stock valued at $172,002,000 after buying an additional 1,501,091 shares in the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of Intapp by 29.9% in the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company's stock worth $71,392,000 after buying an additional 343,275 shares during the period. Clearbridge Investments LLC increased its position in shares of Intapp by 64.0% in the second quarter. Clearbridge Investments LLC now owns 772,255 shares of the company's stock worth $28,319,000 after acquiring an additional 301,238 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Intapp by 18.4% during the second quarter. Dimensional Fund Advisors LP now owns 686,496 shares of the company's stock valued at $25,173,000 after acquiring an additional 106,668 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

INTA has been the subject of a number of recent analyst reports. Raymond James raised their price objective on shares of Intapp from $46.00 to $55.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. 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. Bank of America decreased their price objective on Intapp from $52.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, August 14th. Barclays upped their target price on Intapp from $44.00 to $48.00 and gave the company an "equal weight" rating in a report on Tuesday, November 5th. Finally, UBS Group raised their price target on shares of Intapp from $49.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Intapp presently has a consensus rating of "Moderate Buy" and an average target price of $53.55.

Intapp Trading Up 4.0 %

NASDAQ INTA traded up $2.40 during trading on Friday, reaching $62.55. The company's stock had a trading volume of 317,814 shares, compared to its average volume of 638,936. The stock has a market capitalization of $4.84 billion, a PE ratio of -215.69 and a beta of 0.64. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $64.56. The business has a 50-day moving average price of $52.58 and a 200-day moving average price of $43.11.

Intapp (NASDAQ:INTA - Get Free Report) 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. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The business had revenue of $118.81 million during the quarter, compared to analyst estimates of $117.88 million. During the same quarter in the previous year, the business earned ($0.20) EPS. Intapp's quarterly revenue was up 17.0% compared to the same quarter last year. As a group, analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current year.

Insider Activity

In other news, CFO David H. Morton, Jr. sold 4,204 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $59.97, for a total transaction of $252,113.88. Following the completion of the transaction, the chief financial officer now directly owns 27,331 shares in the company, valued at $1,639,040.07. The trade was a 13.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John T. Hall sold 44,009 shares of the firm's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total transaction of $2,609,733.70. Following the completion of the sale, the chief executive officer now owns 5,093,692 shares in the company, valued at approximately $302,055,935.60. The trade was a 0.86 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 390,215 shares of company stock valued at $21,267,180. Insiders own 13.02% of the company's stock.

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.