Counterpoint Mutual Funds LLC Makes New Investment in Intapp, Inc. (NASDAQ:INTA)

Counterpoint Mutual Funds LLC purchased a new stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 28,906 shares of the company's stock, valued at approximately $1,853,000. Intapp accounts for approximately 0.2% of Counterpoint Mutual Funds LLC's holdings, making the stock its 15th largest holding.

A number of other institutional investors also recently modified their holdings of the company. Raleigh Capital Management Inc. purchased a new stake in shares of Intapp in the 4th quarter worth about $25,000. Global Retirement Partners LLC bought a new stake in shares of Intapp during the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. purchased a new stake in Intapp in the fourth quarter worth $32,000. Quest Partners LLC bought a new position in Intapp in the third quarter worth $54,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Intapp during the third quarter valued at $64,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Intapp Stock Performance

Shares of INTA traded up $0.72 during mid-day trading on Friday, hitting $60.95. 729,278 shares of the company traded hands, compared to its average volume of 641,420. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $77.74. The stock has a 50-day moving average price of $67.01 and a two-hundred day moving average price of $59.51. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of -210.17 and a beta of 0.76.

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Intapp (NASDAQ:INTA - Get Free Report) last released 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 return on equity of 1.86% and a negative net margin of 4.78%. On average, analysts forecast that Intapp, Inc. will post -0.14 EPS for the current year.

Insider Transactions at Intapp

In other news, CEO John T. Hall sold 33,227 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $2,287,014.41. Following the completion of the sale, the chief executive officer now owns 5,258,576 shares of the company's stock, valued at $361,947,786.08. The trade was a 0.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michele Murgel sold 1,962 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $60.00, for a total value of $117,720.00. Following the completion of the transaction, the insider now directly owns 182,462 shares in the company, valued at approximately $10,947,720. This represents a 1.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 184,827 shares of company stock worth $11,825,658 in the last quarter. Company insiders own 13.02% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on INTA shares. Barclays increased 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. Truist Financial boosted their price target on Intapp from $55.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. JPMorgan Chase & Co. raised their price objective on Intapp from $58.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. UBS Group boosted their target price on Intapp from $89.00 to $92.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Finally, Stifel Nicolaus raised their price target on Intapp from $70.00 to $75.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Intapp presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.45.

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.