Cornerstone Investment Partners LLC Makes New $218,000 Investment in Intapp, Inc. (NASDAQ:INTA)

Cornerstone Investment Partners LLC acquired a new stake in Intapp, Inc. (NASDAQ:INTA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,397 shares of the company’s stock, valued at approximately $218,000.

Several other large investors have also modified their holdings of INTA. FMR LLC raised its position in Intapp by 7.8% in the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock valued at $270,668,000 after purchasing an additional 411,434 shares during the last quarter. Bamco Inc. NY raised its holdings in shares of Intapp by 1.2% in the third quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock valued at $136,337,000 after buying an additional 34,409 shares during the last quarter. Praesidium Investment Management Company LLC boosted its stake in shares of Intapp by 15.3% during the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock worth $92,316,000 after buying an additional 256,327 shares during the period. Loomis Sayles & Co. L P grew its holdings in shares of Intapp by 29.9% during the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after buying an additional 343,275 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Intapp by 9.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock valued at $50,291,000 after acquiring an additional 95,035 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Intapp news, CEO John T. Hall sold 70,986 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $68.83, for a total transaction of $4,885,966.38. Following the sale, the chief executive officer now owns 5,026,096 shares in the company, valued at approximately $345,946,187.68. This represents a 1.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thad Jampol sold 20,000 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $67.97, for a total value of $1,359,400.00. Following the completion of the transaction, the insider now directly owns 798,222 shares of the company’s stock, valued at approximately $54,255,149.34. This trade represents a 2.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 259,109 shares of company stock worth $17,479,381 in the last three months. Corporate insiders own 13.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Citigroup reiterated a “neutral” rating and issued a $78.00 target price (down from $87.00) on shares of Intapp in a research note on Thursday, January 16th. JPMorgan Chase & Co. lifted their price objective 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. Stifel Nicolaus upped their price objective 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. UBS Group raised their target price on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, Raymond James reissued a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.45.

Intapp Trading Down 0.3 %

INTA stock opened at $63.24 on Wednesday. The company has a market cap of $5.02 billion, a price-to-earnings ratio of -218.06 and a beta of 0.74. The firm has a 50 day moving average of $68.03 and a 200-day moving average of $58.38. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $77.74.

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

Intapp 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.