Nicholas Company Inc. Buys 27,467 Shares of Intapp, Inc. (NASDAQ:INTA)

Nicholas Company Inc. lifted its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 63.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,607 shares of the company's stock after acquiring an additional 27,467 shares during the quarter. Nicholas Company Inc. owned 0.09% of Intapp worth $4,525,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of INTA. Farther Finance Advisors LLC boosted its stake 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 purchasing an additional 527 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Intapp in the 3rd quarter worth approximately $354,000. GSA Capital Partners LLP acquired a new stake in Intapp in the 3rd quarter worth approximately $481,000. Natixis Advisors LLC bought a new stake in Intapp during the third quarter worth approximately $1,471,000. Finally, Quest Partners LLC acquired a new position in Intapp during the third quarter valued at approximately $54,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO John T. Hall sold 33,227 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $2,287,014.41. Following the transaction, the chief executive officer now owns 5,258,576 shares of the company's stock, valued at $361,947,786.08. This represents a 0.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thad Jampol sold 20,000 shares of the company's stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $61.85, for a total value of $1,237,000.00. Following the completion of the sale, the insider now owns 828,197 shares of the company's stock, valued at $51,223,984.45. This represents a 2.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 159,461 shares of company stock worth $10,300,656 in the last quarter. Insiders own 13.02% of the company's stock.

Remove Ads

Intapp Stock Performance

Shares of NASDAQ:INTA traded down $1.22 on Tuesday, hitting $58.81. The stock had a trading volume of 520,674 shares, compared to its average volume of 642,145. The firm's 50 day moving average price is $67.19 and its 200-day moving average price is $59.41. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $77.74. The company 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 quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) 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%. As a group, sell-side analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Analyst Upgrades and Downgrades

INTA has been the subject of a number of analyst reports. UBS Group boosted their price objective on shares of Intapp from $89.00 to $92.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Stifel Nicolaus upped their price target on shares of Intapp from $70.00 to $75.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Piper Sandler reaffirmed an "overweight" rating and issued a $71.00 price target (up from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Citigroup restated a "neutral" rating and set a $78.00 target price (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Finally, Barclays lifted their price target on Intapp from $63.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently 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.