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

FORA Capital LLC acquired a new stake in Intapp, Inc. (NASDAQ:INTA) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 11,824 shares of the company’s stock, valued at approximately $566,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in INTA. FMR LLC boosted its holdings in Intapp by 7.8% in the third quarter. FMR LLC now owns 5,658,957 shares of the company’s stock valued at $270,668,000 after acquiring an additional 411,434 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Intapp by 1.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company’s stock valued at $1,187,000 after purchasing an additional 264 shares during the period. Dai ichi Life Insurance Company Ltd bought a new position in shares of Intapp in the 3rd quarter valued at about $7,118,000. Loomis Sayles & Co. L P grew its position in shares of Intapp by 29.9% during the 3rd 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 period. Finally, Algert Global LLC bought a new stake in shares of Intapp during the third quarter worth approximately $468,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on INTA shares. Citigroup raised their target price on Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. lifted 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. Bank of America lowered 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. Piper Sandler reiterated an “overweight” rating and set a $60.00 price objective (up previously from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Finally, Truist Financial reissued a “buy” rating and set a $55.00 target price (up from $47.00) on shares of Intapp in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.55.

Intapp Stock Down 1.9 %

Shares of INTA opened at $60.15 on Friday. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $61.37. The stock has a market capitalization of $4.65 billion, a P/E ratio of -207.41 and a beta of 0.64. The company has a 50 day moving average of $52.09 and a 200-day moving average of $42.81.

Intapp (NASDAQ:INTA) last announced its earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, topping 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 2.08%. The business had revenue of $118.81 million during the quarter, compared to analysts’ expectations of $117.88 million. During the same quarter in the prior year, the company posted ($0.20) earnings per share. The firm’s revenue was up 17.0% on a year-over-year basis. On average, sell-side analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Activity

In other Intapp news, CEO John T. Hall sold 44,009 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total value of $2,609,733.70. Following the completion of the transaction, the chief executive officer now directly owns 5,093,692 shares in the company, valued at $302,055,935.60. This trade represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michele Murgel sold 1,252 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $62,600.00. Following the transaction, the insider now directly owns 152,702 shares in the company, valued at $7,635,100. This trade represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 390,215 shares of company stock worth $21,267,180 in the last quarter. Corporate insiders own 13.02% of the company’s stock.

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.