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

Counterpoint Mutual Funds LLC purchased a new position in Intapp, Inc. (NASDAQ:INTA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 28,906 shares of the company’s stock, valued at approximately $1,853,000. Intapp accounts for about 0.2% of Counterpoint Mutual Funds LLC’s investment portfolio, making the stock its 15th biggest holding.

A number of other hedge funds also recently bought and sold shares of the business. Los Angeles Capital Management LLC acquired a new position in Intapp during the third quarter worth $354,000. GSA Capital Partners LLP acquired a new position in shares of Intapp during the 3rd quarter worth about $481,000. Natixis Advisors LLC purchased a new position in Intapp in the 3rd quarter valued at about $1,471,000. Quest Partners LLC acquired a new stake in Intapp in the 3rd quarter worth about $54,000. Finally, George Kaiser Family Foundation increased its stake in Intapp by 14.5% during the 3rd quarter. George Kaiser Family Foundation now owns 119,097 shares of the company’s stock worth $5,696,000 after buying an additional 15,127 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Intapp Stock Performance

INTA opened at $59.28 on Monday. The stock has a market capitalization of $4.71 billion, a PE ratio of -204.41 and a beta of 0.76. Intapp, Inc. has a one year low of $30.36 and a one year high of $77.74. The business’s 50 day moving average price is $67.24 and its 200 day moving average price is $59.31.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) EPS 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, equities research analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

INTA has been the topic of a number of research analyst reports. Citigroup reaffirmed a “neutral” rating and issued a $78.00 price target (down from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Piper Sandler reaffirmed an “overweight” rating and set a $71.00 target price (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. JPMorgan Chase & Co. increased their target price on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. 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. Finally, Truist Financial increased their price objective on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a report on Friday, December 13th. Four 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.45.

Insider Buying and Selling at Intapp

In other 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 completion of the transaction, the chief financial officer now directly owns 38,996 shares in the company, valued at $2,684,094.68. This trade represents a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John T. Hall sold 33,227 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $2,287,014.41. Following the completion of the sale, the chief executive officer now owns 5,258,576 shares in the company, valued at $361,947,786.08. This represents a 0.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 159,461 shares of company stock worth $10,300,656 over the last three months. Insiders own 13.02% of the company’s stock.

Intapp Company 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.