Intapp, Inc. (NASDAQ:INTA) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 408.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 720,994 shares of the company's stock after acquiring an additional 579,075 shares during the period. Arrowstreet Capital Limited Partnership owned 0.91% of Intapp worth $46,209,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. raised its stake in Intapp by 2.0% during the fourth quarter. Victory Capital Management Inc. now owns 8,652 shares of the company's stock worth $555,000 after purchasing an additional 171 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Intapp by 8.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company's stock worth $190,000 after buying an additional 239 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Intapp by 1.1% in the third quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company's stock valued at $1,187,000 after acquiring an additional 264 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in Intapp during the fourth quarter valued at about $25,000. Finally, Raleigh Capital Management Inc. purchased a new stake in Intapp during the fourth quarter valued at about $25,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on INTA shares. Barclays boosted their target price on Intapp from $63.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. Raymond James reiterated a "market perform" rating on shares of Intapp in a research note on Friday, January 3rd. Piper Sandler reissued 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. Stifel Nicolaus upped their price target on shares of Intapp from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Finally, Citigroup reissued a "neutral" rating and issued a $78.00 price objective (down from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.45.

Remove Ads

Insider Buying and Selling at Intapp

In other Intapp news, insider Michele Murgel sold 7,531 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 transaction of $518,358.73. Following the sale, the insider now owns 223,945 shares in the company, valued at $15,414,134.35. This represents a 3.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO David H. Morton, Jr. sold 5,445 shares of Intapp 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 $374,779.35. Following the completion of the transaction, the chief financial officer now owns 38,996 shares of the company's stock, valued at approximately $2,684,094.68. The trade was a 12.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 294,755 shares of company stock worth $18,325,761 in the last ninety days. 13.02% of the stock is owned by insiders.

Intapp Stock Performance

Shares of NASDAQ:INTA traded down $3.74 during trading on Friday, hitting $50.95. The company's stock had a trading volume of 652,052 shares, compared to its average volume of 650,728. The company has a market capitalization of $4.05 billion, a PE ratio of -175.68 and a beta of 0.82. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $77.74. The stock's 50-day moving average price is $65.12 and its two-hundred day moving average price is $60.82.

Intapp (NASDAQ:INTA - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported ($0.08) EPS 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, equities analysts predict that Intapp, Inc. will post -0.14 earnings per share 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.