Aigen Investment Management LP Buys New Position in Intapp, Inc. (NASDAQ:INTA)

Aigen Investment Management LP acquired a new stake in Intapp, Inc. (NASDAQ:INTA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,097 shares of the company's stock, valued at approximately $263,000.

A number of other hedge funds have also modified their holdings of the business. Luxor Capital Group LP acquired a new stake in Intapp during the 3rd quarter worth $47,837,000. FMR LLC boosted its stake 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 buying an additional 411,434 shares during the period. Loomis Sayles & Co. L P boosted its stake in shares of Intapp by 29.9% during 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. Praesidium Investment Management Company LLC grew its holdings in shares of Intapp by 15.3% during the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company's stock worth $92,316,000 after buying an additional 256,327 shares during the last quarter. Finally, Dai ichi Life Insurance Company Ltd acquired a new position in Intapp in the 3rd quarter valued at about $7,118,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Intapp Stock Performance

INTA stock traded up $2.07 during trading on Wednesday, reaching $61.07. 363,982 shares of the company were exchanged, compared to its average volume of 709,538. The stock's 50 day moving average price is $67.52 and its 200 day moving average price is $59.01. 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 $4.85 billion, a P/E ratio of -210.56 and a beta of 0.77.

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Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. As a group, equities research analysts forecast that Intapp, Inc. will post -0.14 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on INTA. Stifel Nicolaus lifted their target price on Intapp from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. lifted their price objective on shares of Intapp from $58.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Piper Sandler restated an "overweight" rating and set a $71.00 price objective (up previously from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Citigroup restated a "neutral" rating and issued a $78.00 target price (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Finally, Barclays boosted their price target on shares of Intapp from $63.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Intapp has a consensus rating of "Moderate Buy" and an average target price of $66.45.

Insider Buying and Selling at Intapp

In other news, CFO David H. Morton, Jr. sold 5,445 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $374,779.35. Following the sale, the chief financial officer now directly owns 38,996 shares in the company, valued at $2,684,094.68. This represents a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John T. Hall sold 8,000 shares of Intapp stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $57.15, for a total value of $457,200.00. Following the transaction, the chief executive officer now owns 5,236,895 shares of the company's stock, valued at $299,288,549.25. This represents a 0.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 262,109 shares of company stock valued at $17,378,981. Insiders own 13.02% of the company's stock.

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.