Algert Global LLC Increases Stock Position in Intapp, Inc. (NASDAQ:INTA)

Algert Global LLC lifted its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 177.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,204 shares of the company's stock after acquiring an additional 17,414 shares during the quarter. Algert Global LLC's holdings in Intapp were worth $1,744,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Intapp by 11.8% in the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company's stock valued at $408,139,000 after buying an additional 672,832 shares during the last quarter. Invesco Ltd. boosted its stake in Intapp by 6,506.1% in the fourth quarter. Invesco Ltd. now owns 1,980,506 shares of the company's stock valued at $126,931,000 after acquiring an additional 1,950,526 shares in the last quarter. Capital World Investors boosted its stake in Intapp by 30.3% in the fourth quarter. Capital World Investors now owns 1,701,939 shares of the company's stock valued at $109,077,000 after acquiring an additional 395,804 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Intapp by 4.0% in the fourth quarter. Alliancebernstein L.P. now owns 1,654,866 shares of the company's stock valued at $106,060,000 after acquiring an additional 63,443 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Intapp by 18.6% in the fourth quarter. Geode Capital Management LLC now owns 1,247,247 shares of the company's stock valued at $79,953,000 after acquiring an additional 196,010 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on INTA shares. UBS Group decreased their price objective on shares of Intapp from $92.00 to $83.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Piper Sandler decreased their price objective on shares of Intapp from $71.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Stifel Nicolaus decreased their target price on shares of Intapp from $75.00 to $65.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Citigroup reiterated a "neutral" rating on shares of Intapp in a research note on Monday, April 21st. Finally, Barclays decreased their target price on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $66.89.

Intapp Price Performance

Intapp stock traded up $0.30 during mid-day trading on Tuesday, reaching $56.61. The company had a trading volume of 681,332 shares, compared to its average volume of 643,501. Intapp, Inc. has a 1 year low of $31.08 and a 1 year high of $77.74. The company has a market capitalization of $4.58 billion, a P/E ratio of -195.20 and a beta of 0.84. The stock's 50-day simple moving average is $56.21 and its 200-day simple moving average is $61.73.

Intapp (NASDAQ:INTA - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.04. Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. The company had revenue of $129.07 million during the quarter, compared to analysts' expectations of $128.84 million. During the same period last year, the company posted $0.14 earnings per share. The firm's quarterly revenue was up 16.7% compared to the same quarter last year. On average, equities analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Insider Transactions at Intapp

In other Intapp news, insider Thad Jampol sold 112,928 shares of Intapp stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $59.27, for a total value of $6,693,242.56. Following the completion of the sale, the insider now directly owns 857,250 shares of the company's stock, valued at approximately $50,809,207.50. The trade was a 11.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John T. Hall sold 33,227 shares of Intapp stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $2,287,014.41. Following the completion of the sale, the chief executive officer now directly owns 5,258,576 shares of the company's stock, valued at $361,947,786.08. The trade was a 0.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 279,755 shares of company stock valued at $17,372,011 in the last ninety days. Corporate insiders own 13.02% of the company's stock.

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.