Natixis Raises Holdings in Intapp, Inc. (NASDAQ:INTA)

Natixis boosted its stake in Intapp, Inc. (NASDAQ:INTA) by 17.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 9,785 shares of the company’s stock after acquiring an additional 1,421 shares during the period. Natixis’ holdings in Intapp were worth $333,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. American International Group Inc. lifted its position in shares of Intapp by 42.6% in the first quarter. American International Group Inc. now owns 19,642 shares of the company’s stock valued at $674,000 after acquiring an additional 5,864 shares in the last quarter. Clearbridge Investments LLC purchased a new position in Intapp in the 1st quarter valued at about $16,156,000. Ameritas Investment Partners Inc. boosted its stake in shares of Intapp by 38.6% during the 1st quarter. Ameritas Investment Partners Inc. now owns 3,975 shares of the company’s stock worth $136,000 after purchasing an additional 1,106 shares during the last quarter. Covestor Ltd grew its holdings in shares of Intapp by 52.0% during the first quarter. Covestor Ltd now owns 2,395 shares of the company’s stock worth $82,000 after buying an additional 819 shares in the last quarter. Finally, Hillsdale Investment Management Inc. raised its position in shares of Intapp by 8.5% in the first quarter. Hillsdale Investment Management Inc. now owns 128,560 shares of the company’s stock valued at $4,410,000 after buying an additional 10,100 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on INTA shares. BTIG Research decreased their target price on shares of Intapp from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Citigroup decreased their price objective on Intapp from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, June 28th. Barclays dropped their target price on Intapp from $47.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, April 11th. Stifel Nicolaus decreased their price target on Intapp from $47.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Finally, Piper Sandler dropped their price objective on shares of Intapp from $52.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, May 10th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Intapp has an average rating of “Moderate Buy” and an average price target of $45.88.

Insiders Place Their Bets

In other news, insider Thad Jampol sold 20,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $35.26, for a total value of $705,200.00. Following the transaction, the insider now owns 727,759 shares of the company’s stock, valued at approximately $25,660,782.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Thad Jampol sold 20,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $35.26, for a total value of $705,200.00. Following the completion of the sale, the insider now directly owns 727,759 shares in the company, valued at approximately $25,660,782.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michele Murgel sold 4,224 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $36.88, for a total value of $155,781.12. Following the completion of the transaction, the insider now directly owns 171,947 shares in the company, valued at $6,341,405.36. The disclosure for this sale can be found here. Insiders sold a total of 64,224 shares of company stock worth $2,264,131 over the last ninety days. 36.56% of the stock is owned by company insiders.

Intapp Price Performance

INTA stock opened at $37.07 on Friday. The stock has a 50-day moving average price of $35.62 and a two-hundred day moving average price of $36.55. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $45.43.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.10. The business had revenue of $110.64 million for the quarter, compared to analyst estimates of $108.18 million. Intapp had a negative return on equity of 9.08% and a negative net margin of 10.44%. As a group, sell-side analysts forecast that Intapp, Inc. will post -0.37 earnings per share for the current fiscal year.

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.