Bryce Point Capital LLC Acquires New Shares in Intapp, Inc. (NASDAQ:INTA)

Bryce Point Capital LLC bought a new position in Intapp, Inc. (NASDAQ:INTA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 22,301 shares of the company’s stock, valued at approximately $1,429,000.

Other hedge funds have also recently modified their holdings of the company. Raleigh Capital Management Inc. bought a new stake in Intapp in the 4th quarter worth about $25,000. Global Retirement Partners LLC purchased a new stake in shares of Intapp during the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. bought a new stake in shares of Intapp in the fourth quarter worth approximately $32,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Intapp during the third quarter valued at approximately $64,000. Finally, Huntington National Bank lifted its position in Intapp by 53.2% during the fourth quarter. Huntington National Bank now owns 1,474 shares of the company’s stock valued at $94,000 after purchasing an additional 512 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Insider Buying and Selling

In other news, insider Michele Murgel sold 1,962 shares of Intapp stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $60.00, for a total transaction of $117,720.00. Following the sale, the insider now owns 182,462 shares in the company, valued at $10,947,720. This trade represents a 1.06 % 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, CFO David H. Morton, Jr. sold 5,445 shares of the business’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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 184,827 shares of company stock valued at $11,825,658. Corporate insiders own 13.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Stifel Nicolaus lifted their target price on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Barclays lifted their price objective on Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. raised their target price on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Finally, UBS Group raised their price objective on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.45.

Intapp Price Performance

INTA opened at $59.44 on Wednesday. The firm has a market cap of $4.72 billion, a P/E ratio of -204.96 and a beta of 0.76. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $77.74. The company has a 50 day simple moving average of $66.02 and a two-hundred day simple moving average of $60.66.

Intapp (NASDAQ:INTA) last issued its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. Equities analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current year.

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.