Federated Hermes Inc. Buys 88,841 Shares of Intapp, Inc. (NASDAQ:INTA)

Federated Hermes Inc. boosted its holdings in Intapp, Inc. (NASDAQ:INTA - Free Report) by 198.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 133,666 shares of the company's stock after buying an additional 88,841 shares during the quarter. Federated Hermes Inc. owned approximately 0.17% of Intapp worth $8,567,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its holdings in shares of Intapp by 1.1% during the third quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company's stock worth $1,187,000 after buying an additional 264 shares in the last quarter. Captrust Financial Advisors bought a new position in Intapp in the third quarter valued at about $215,000. HighTower Advisors LLC acquired a new stake in shares of Intapp during the third quarter valued at about $2,097,000. Wellington Management Group LLP boosted its stake in shares of Intapp by 1.0% during the third quarter. Wellington Management Group LLP now owns 995,747 shares of the company's stock valued at $47,627,000 after purchasing an additional 10,214 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Intapp in the third quarter valued at approximately $486,000. Institutional investors own 89.96% of the company's stock.

Analyst Upgrades and Downgrades

INTA has been the topic of several analyst reports. Raymond James reissued 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 price target (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. UBS Group boosted their price target on shares of Intapp from $89.00 to $92.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Barclays decreased their price target on Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a report on Monday. Finally, Citigroup restated a "neutral" rating and set a $78.00 target price (down previously from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Intapp presently has a consensus rating of "Moderate Buy" and an average target price of $64.91.

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Insider Activity

In other Intapp news, CFO David H. Morton, Jr. sold 5,445 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $374,779.35. Following the transaction, the chief financial officer now directly owns 38,996 shares in the company, valued at approximately $2,684,094.68. This trade represents a 12.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thad Jampol sold 112,928 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $59.27, for a total transaction of $6,693,242.56. Following the completion of the sale, the insider now owns 857,250 shares of the company's stock, valued at approximately $50,809,207.50. The trade was a 11.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 274,755 shares of company stock worth $17,088,761 over the last 90 days. 13.02% of the stock is currently owned by corporate insiders.

Intapp Price Performance

Shares of NASDAQ:INTA traded down $1.25 during trading on Wednesday, reaching $52.26. 55,444 shares of the stock were exchanged, compared to its average volume of 653,006. The stock has a fifty day moving average of $61.82 and a two-hundred day moving average of $60.90. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $77.74. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of -180.28 and a beta of 0.82.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings data 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%. Sell-side analysts forecast that Intapp, Inc. will post -0.14 EPS for the current year.

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.