Harvest Fund Management Co. Ltd Takes $631,000 Position in Intapp, Inc. (NASDAQ:INTA)

Harvest Fund Management Co. Ltd bought a new stake in Intapp, Inc. (NASDAQ:INTA) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,861 shares of the company’s stock, valued at approximately $631,000.

Several other hedge funds and other institutional investors have also made changes to their positions in INTA. Victory Capital Management Inc. boosted its holdings in Intapp by 2.0% during the fourth quarter. Victory Capital Management Inc. now owns 8,652 shares of the company’s stock worth $555,000 after buying an additional 171 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Intapp by 8.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company’s stock worth $190,000 after buying an additional 239 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in 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. Global Retirement Partners LLC purchased a new stake in Intapp during the fourth quarter worth about $25,000. Finally, Raleigh Capital Management Inc. purchased a new stake in Intapp during the fourth quarter worth about $25,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Intapp Price Performance

NASDAQ:INTA opened at $60.23 on Friday. The firm has a 50 day simple moving average of $67.01 and a 200-day simple moving average of $59.51. The firm has a market cap of $4.78 billion, a PE ratio of -207.68 and a beta of 0.76. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $77.74.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) earnings per share 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 expect that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Intapp news, insider Thad Jampol sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $57.15, for a total transaction of $1,143,000.00. Following the completion of the sale, the insider now directly owns 857,250 shares in the company, valued at $48,991,837.50. The trade was a 2.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Scott Fitzgerald sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $64.38, for a total transaction of $193,140.00. Following the sale, the chief marketing officer now owns 39,212 shares of the company’s stock, valued at approximately $2,524,468.56. This represents a 7.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 182,865 shares of company stock valued at $11,707,938. Insiders own 13.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on INTA shares. Raymond James reissued a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Citigroup reissued a “neutral” rating and set a $78.00 price objective (down previously from $87.00) on shares of Intapp in a report on Thursday, January 16th. UBS Group lifted their target price 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. Piper Sandler restated an “overweight” rating and set a $71.00 target price (up previously from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Intapp currently has an average rating of “Moderate Buy” and an average price target 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.