Financial Management Professionals Inc. Buys New Position in Intapp, Inc. (NASDAQ:INTA)

Financial Management Professionals Inc. bought a new stake in Intapp, Inc. (NASDAQ:INTA) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,187 shares of the company’s stock, valued at approximately $57,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Intapp by 42.7% in the first quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock valued at $172,002,000 after purchasing an additional 1,501,091 shares in the last quarter. Bamco Inc. NY purchased a new stake in Intapp in the first quarter valued at approximately $88,605,000. Clearbridge Investments LLC raised its stake in Intapp by 64.0% in the second quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock valued at $28,319,000 after purchasing an additional 301,238 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Intapp by 18.4% in the second quarter. Dimensional Fund Advisors LP now owns 686,496 shares of the company’s stock valued at $25,173,000 after purchasing an additional 106,668 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC raised its stake in Intapp by 58.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 381,912 shares of the company’s stock valued at $13,100,000 after purchasing an additional 140,792 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Intapp Stock Performance

Shares of Intapp stock opened at $50.24 on Monday. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $51.80. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of -82.36 and a beta of 0.65. The company’s 50 day moving average price is $46.78 and its 200-day moving average price is $38.98.

Intapp (NASDAQ:INTA) last issued its earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.03. Intapp had a negative net margin of 7.44% and a negative return on equity of 5.36%. The firm had revenue of $114.38 million for the quarter, compared to analysts’ expectations of $111.58 million. During the same quarter last year, the business earned ($0.14) earnings per share. The business’s revenue was up 20.9% on a year-over-year basis. As a group, equities research analysts forecast that Intapp, Inc. will post -0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on INTA shares. Piper Sandler reaffirmed an “overweight” rating and issued a $46.00 target price on shares of Intapp in a research note on Wednesday, August 14th. Bank of America reduced their price target on shares of Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Stifel Nicolaus increased their price target on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Citigroup increased their price target on shares of Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Finally, Barclays reiterated an “equal weight” rating and set a $44.00 price target on shares of Intapp in a research report on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Intapp presently has an average rating of “Moderate Buy” and a consensus price target of $50.00.

Insider Activity at Intapp

In related news, insider Thad Jampol sold 31,666 shares of Intapp stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $49.09, for a total value of $1,554,483.94. Following the sale, the insider now owns 772,412 shares in the company, valued at $37,917,705.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Thad Jampol sold 31,666 shares of Intapp stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $49.09, for a total value of $1,554,483.94. Following the sale, the insider now owns 772,412 shares in the company, valued at $37,917,705.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Donald F. Coleman sold 58,003 shares of Intapp stock in a transaction 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 sale, the chief operating officer now owns 668,239 shares in the company, valued at approximately $32,950,865.09. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 156,239 shares of company stock worth $7,535,681 over the last quarter. Corporate insiders own 36.56% of the company’s stock.

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.