Algert Global LLC Makes New Investment in Intapp, Inc. (NASDAQ:INTA)

Algert Global LLC purchased a new position in Intapp, Inc. (NASDAQ:INTA - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,790 shares of the company's stock, valued at approximately $468,000.

Several other institutional investors have also added to or reduced their stakes in INTA. Harbor Capital Advisors Inc. increased its position in shares of Intapp by 7.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company's stock valued at $265,000 after acquiring an additional 373 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of 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 during the period. Farther Finance Advisors LLC increased its holdings in shares of Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company's stock valued at $28,000 after purchasing an additional 527 shares during the period. J.Safra Asset Management Corp raised its stake in shares of Intapp by 634.0% in the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company's stock worth $26,000 after purchasing an additional 615 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Intapp by 9.8% during the second quarter. Federated Hermes Inc. now owns 7,805 shares of the company's stock worth $286,000 after purchasing an additional 694 shares during the period. Institutional investors and hedge funds own 89.96% of the company's stock.

Insider Transactions at Intapp

In related news, CEO John T. Hall sold 61,842 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $59.68, for a total value of $3,690,730.56. Following the completion of the transaction, the chief executive officer now directly owns 5,030,432 shares of the company's stock, valued at approximately $300,216,181.76. This represents a 1.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David H. Morton, Jr. sold 4,204 shares of Intapp stock in a transaction 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 sale, the chief financial officer now directly owns 27,331 shares in the company, valued at approximately $1,639,040.07. This trade represents a 13.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 390,215 shares of company stock valued at $21,267,180 over the last 90 days. Corporate insiders own 13.02% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on INTA. Bank of America cut their price target on shares of Intapp from $52.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, August 14th. UBS Group raised their target price on shares of Intapp from $49.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th. Barclays upped their price target on shares of Intapp from $44.00 to $48.00 and gave the company an "equal weight" rating in a report on Tuesday, November 5th. Raymond James lifted their price objective on Intapp from $46.00 to $55.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. Finally, Piper Sandler restated an "overweight" rating and issued a $60.00 target price (up previously from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $53.55.

Intapp Price Performance

NASDAQ INTA traded up $2.40 during trading hours on Friday, reaching $62.55. The company's stock had a trading volume of 317,814 shares, compared to its average volume of 623,288. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $64.56. The company's 50-day moving average is $52.58 and its two-hundred day moving average is $43.15. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of -215.69 and a beta of 0.64.

Intapp (NASDAQ:INTA - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.08. The firm had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The business's revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.20) EPS. Equities analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

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.