Kornitzer Capital Management Inc. KS Acquires Shares of 105,445 Intapp, Inc. (NASDAQ:INTA)

Kornitzer Capital Management Inc. KS purchased a new position in shares of Intapp, Inc. (NASDAQ:INTA) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 105,445 shares of the company’s stock, valued at approximately $5,043,000.

A number of other hedge funds have also made changes to their positions in the stock. Farther Finance Advisors LLC lifted its stake in Intapp by 1,054.0% during the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after purchasing an additional 527 shares during the last quarter. J.Safra Asset Management Corp raised its stake in shares of Intapp by 634.0% during the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after purchasing an additional 615 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Intapp by 239.1% during the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after purchasing an additional 581 shares in the last quarter. Blue Trust Inc. bought a new stake in shares of Intapp during the second quarter valued at about $30,000. Finally, Financial Management Professionals Inc. bought a new stake in shares of Intapp during the third quarter valued at about $57,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insider Transactions at Intapp

In other news, insider Thad Jampol sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $45.09, for a total transaction of $901,800.00. Following the transaction, the insider now directly owns 772,412 shares of the company’s stock, valued at approximately $34,828,057.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Intapp news, insider Thad Jampol sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $45.09, for a total value of $901,800.00. Following the sale, the insider now owns 772,412 shares in the company, valued at $34,828,057.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Donald F. Coleman sold 58,003 shares of Intapp stock in a transaction on 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 transaction, the chief operating officer now owns 668,239 shares in the company, valued at approximately $32,950,865.09. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 187,017 shares of company stock valued at $9,301,222. 13.02% of the stock is currently owned by company insiders.

Intapp Price Performance

Intapp stock opened at $59.64 on Friday. The firm has a 50-day moving average of $48.01 and a 200-day moving average of $40.06. Intapp, Inc. has a one year low of $30.36 and a one year high of $59.92. The company has a market cap of $4.59 billion, a price-to-earnings ratio of -205.66 and a beta of 0.64.

Intapp (NASDAQ:INTA) last issued its earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.15%. The business had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. During the same period last year, the business posted ($0.20) EPS. Intapp’s revenue was up 17.0% on a year-over-year basis. As a group, sell-side analysts expect that Intapp, Inc. will post -0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on INTA. Barclays lifted their target price on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday. Citigroup lifted their target price on Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Raymond James lifted their price target on Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday. Bank of America reduced their price target on Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.55.

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.