Malaga Cove Capital LLC Invests $546,000 in Intapp, Inc. (NASDAQ:INTA)

Malaga Cove Capital LLC acquired a new position in Intapp, Inc. (NASDAQ:INTA - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,415 shares of the company's stock, valued at approximately $546,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its stake in Intapp by 7.2% during the third quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company's stock worth $265,000 after purchasing an additional 373 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company's stock worth $28,000 after buying an additional 527 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Intapp by 239.1% in the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company's stock worth $28,000 after buying an additional 581 shares in the last quarter. J.Safra Asset Management Corp grew its position in Intapp by 634.0% during the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company's stock valued at $26,000 after acquiring an additional 615 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake 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 acquiring an additional 694 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Intapp news, COO Donald F. Coleman sold 58,003 shares of the firm's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $49.31, for a total transaction of $2,860,127.93. Following the completion of the transaction, the chief operating officer now owns 668,239 shares of the company's stock, valued at approximately $32,950,865.09. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Intapp news, COO Donald F. Coleman sold 58,003 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $49.31, for a total transaction of $2,860,127.93. Following the completion of the transaction, the chief operating officer now owns 668,239 shares of the company's stock, valued at approximately $32,950,865.09. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Donald F. Coleman sold 30,318 shares of the business's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $49.43, for a total value of $1,498,618.74. Following the completion of the sale, the chief operating officer now directly owns 668,239 shares in the company, valued at approximately $33,031,053.77. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 187,017 shares of company stock valued at $9,301,222 over the last ninety days. Company insiders own 13.02% of the company's stock.

Intapp Stock Up 1.5 %

Shares of NASDAQ:INTA traded up $0.88 on Thursday, hitting $59.64. The company had a trading volume of 988,552 shares, compared to its average volume of 649,566. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $59.92. The firm's 50-day simple moving average is $48.01 and its two-hundred day simple moving average is $40.06. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of -201.59 and a beta of 0.64.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.13 by $0.08. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.15%. The business had revenue of $118.81 million during the quarter, compared to analyst estimates of $117.88 million. During the same period last year, the business posted ($0.20) earnings per share. Intapp's quarterly revenue was up 17.0% compared to the same quarter last year. Equities research analysts anticipate that Intapp, Inc. will post -0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Stifel Nicolaus increased their target price on shares of Intapp from $45.00 to $60.00 and gave the company a "buy" rating in a report on Monday, September 23rd. Bank of America decreased their price objective on Intapp from $52.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, August 14th. Truist Financial restated a "buy" rating and set a $55.00 target price (up from $47.00) on shares of Intapp in a report on Tuesday. Barclays lifted their price target on Intapp from $44.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Finally, Piper Sandler reissued an "overweight" rating and set a $60.00 price objective (up previously from $46.00) on shares of Intapp in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Intapp currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.55.

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.