Counterpoint Mutual Funds LLC Takes $1.85 Million Position in Intapp, Inc. (NASDAQ:INTA)

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

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in Intapp during the 4th quarter valued at $25,000. Raleigh Capital Management Inc. bought a new position in Intapp during the 4th quarter valued at $25,000. SBI Securities Co. Ltd. bought a new position in Intapp during the 4th quarter valued at $32,000. Quest Partners LLC bought a new position in Intapp during the 3rd quarter valued at $54,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Intapp during the 3rd quarter valued at $64,000. 89.96% of the stock is owned by institutional investors.

Insider Activity at Intapp

In other Intapp news, CEO John T. Hall sold 8,000 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $57.15, for a total transaction of $457,200.00. Following the completion of the transaction, the chief executive officer now owns 5,236,895 shares in the company, valued at $299,288,549.25. This trade represents a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Scott Fitzgerald sold 2,086 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $64.54, for a total transaction of $134,630.44. Following the transaction, the chief marketing officer now owns 47,517 shares of the company's stock, valued at approximately $3,066,747.18. This represents a 4.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 159,461 shares of company stock worth $10,300,656. Company insiders own 13.02% of the company's stock.

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Intapp Stock Performance

Shares of NASDAQ:INTA traded down $1.22 during midday trading on Tuesday, hitting $58.81. The company's stock had a trading volume of 520,717 shares, compared to its average volume of 642,161. The stock's 50 day simple moving average is $67.13 and its 200 day simple moving average is $59.50. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $77.74. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of -202.79 and a beta of 0.76.

Intapp (NASDAQ:INTA - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share 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%. As a group, analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current year.

Wall Street Analysts Forecast Growth

INTA has been the subject of a number of recent research reports. Barclays increased their price objective on Intapp from $63.00 to $68.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. UBS Group increased their price objective on Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Citigroup reiterated a "neutral" rating and set a $78.00 price objective (down previously from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Stifel Nicolaus increased their price objective on Intapp from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Finally, Truist Financial increased their price objective on Intapp from $55.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Intapp has an average rating of "Moderate Buy" and an average target price of $66.45.

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.