11,824 Shares in Intapp, Inc. (NASDAQ:INTA) Acquired by FORA Capital LLC

FORA Capital LLC acquired a new stake in shares of Intapp, Inc. (NASDAQ:INTA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,824 shares of the company’s stock, valued at approximately $566,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Intapp by 42.7% in the 1st quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock valued at $172,002,000 after purchasing an additional 1,501,091 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Intapp by 766.2% during the 1st quarter. Jane Street Group LLC now owns 166,456 shares of the company’s stock valued at $5,709,000 after acquiring an additional 147,240 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after acquiring an additional 527 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in 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 purchasing an additional 343,275 shares during the period. Finally, George Kaiser Family Foundation raised its position in shares of Intapp by 14.5% in the third quarter. George Kaiser Family Foundation now owns 119,097 shares of the company’s stock valued at $5,696,000 after purchasing an additional 15,127 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Intapp Price Performance

Shares of Intapp stock opened at $60.15 on Friday. The company’s fifty day moving average price is $52.09 and its two-hundred day moving average price is $42.81. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $61.37. The firm has a market capitalization of $4.65 billion, a PE ratio of -207.41 and a beta of 0.64.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The company 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 business earned ($0.20) earnings per share. The company’s quarterly revenue was up 17.0% on a year-over-year basis. Analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Intapp

In other news, CFO David H. Morton, Jr. sold 4,204 shares of Intapp stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $59.97, for a total value of $252,113.88. Following the completion of the transaction, the chief financial officer now owns 27,331 shares in the company, valued at approximately $1,639,040.07. The trade was a 13.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thad Jampol sold 31,666 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $49.09, for a total value of $1,554,483.94. Following the sale, the insider now owns 772,412 shares in the company, valued at approximately $37,917,705.08. This trade represents a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 390,215 shares of company stock worth $21,267,180 over the last three months. Company insiders own 13.02% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on INTA. JPMorgan Chase & Co. lifted their target price on shares of Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. UBS Group boosted their price objective on Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Bank of America lowered 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. Truist Financial reiterated a “buy” rating and set a $55.00 price target (up from $47.00) on shares of Intapp in a report on Tuesday, November 5th. Finally, Raymond James raised their price objective on shares of Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.55.

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.