Dai ichi Life Insurance Company Ltd Takes Position in Intapp, Inc. (NASDAQ:INTA)

Dai ichi Life Insurance Company Ltd acquired a new position in shares of Intapp, Inc. (NASDAQ:INTA) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 148,813 shares of the company’s stock, valued at approximately $7,118,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. J.Safra Asset Management Corp boosted its position in Intapp by 634.0% during the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after purchasing an additional 615 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Intapp by 239.1% in the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after acquiring an additional 581 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 527 shares during the last quarter. Blue Trust Inc. acquired a new position in Intapp in the second quarter valued at $30,000. Finally, Comerica Bank boosted its holdings in Intapp by 218.4% in the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after purchasing an additional 865 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insider Transactions at Intapp

In other news, COO Donald F. Coleman sold 58,003 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was 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 directly owns 668,239 shares of the company’s stock, valued at $32,950,865.09. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John T. Hall sold 61,842 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $59.68, for a total value of $3,690,730.56. Following the sale, the chief executive officer now directly owns 5,030,432 shares of the company’s stock, valued at $300,216,181.76. This trade represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 390,215 shares of company stock valued at $21,267,180. 13.02% of the stock is owned by insiders.

Intapp Price Performance

Shares of Intapp stock opened at $61.32 on Wednesday. The stock has a 50-day moving average price of $51.57 and a 200 day moving average price of $42.52. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $61.37.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The firm had revenue of $118.81 million for the quarter, compared to the consensus estimate of $117.88 million. During the same period in the previous year, the firm posted ($0.20) earnings per share. The firm’s revenue was up 17.0% on a year-over-year basis. On average, equities analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on INTA shares. Raymond James raised their target price on shares of Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Bank of America dropped their target price on Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Stifel Nicolaus boosted their target price on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. boosted their target price on Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Piper Sandler reissued an “overweight” rating and set a $60.00 target price (up previously from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.55.

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.