Balyasny Asset Management L.P. Buys 18,891 Shares of Intapp, Inc. (NASDAQ:INTA)

Balyasny Asset Management L.P. raised its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 46.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,195 shares of the company's stock after buying an additional 18,891 shares during the period. Balyasny Asset Management L.P. owned 0.07% of Intapp worth $3,794,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bayesian Capital Management LP bought a new position in shares of Intapp in the 4th quarter valued at approximately $869,000. BNP Paribas Financial Markets bought a new position in shares of Intapp in the fourth quarter valued at approximately $12,627,000. Algert Global LLC lifted its stake in shares of Intapp by 177.9% in the fourth quarter. Algert Global LLC now owns 27,204 shares of the company's stock worth $1,744,000 after buying an additional 17,414 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Intapp by 28.1% during the 4th quarter. Jane Street Group LLC now owns 40,380 shares of the company's stock worth $2,588,000 after buying an additional 8,857 shares during the period. Finally, Voleon Capital Management LP acquired a new position in Intapp in the 4th quarter valued at $1,825,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Intapp Stock Up 0.3%

INTA traded up $0.17 during trading on Thursday, reaching $56.93. 460,288 shares of the company's stock were exchanged, compared to its average volume of 643,277. The company has a market capitalization of $4.61 billion, a P/E ratio of -196.30 and a beta of 0.84. The business has a 50 day moving average price of $56.03 and a 200 day moving average price of $61.66. Intapp, Inc. has a fifty-two week low of $31.08 and a fifty-two week high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. The firm had revenue of $129.07 million during the quarter, compared to analyst estimates of $128.84 million. During the same period in the prior year, the company posted $0.14 earnings per share. The business's revenue for the quarter was up 16.7% compared to the same quarter last year. As a group, research analysts forecast that Intapp, Inc. will post -0.14 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on INTA shares. Citigroup reaffirmed a "neutral" rating on shares of Intapp in a research report on Monday, April 21st. UBS Group lowered their target price on Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Truist Financial cut their price target on Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Piper Sandler reduced their price objective on Intapp from $71.00 to $70.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. Finally, Barclays dropped their target price on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Intapp currently has an average rating of "Moderate Buy" and a consensus target price of $66.89.

Insider Activity at Intapp

In other news, CFO David H. Morton, Jr. sold 5,445 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $374,779.35. Following the completion of the sale, the chief financial officer now owns 38,996 shares of the company's stock, valued at approximately $2,684,094.68. This trade represents a 12.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John T. Hall sold 33,227 shares of Intapp stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $2,287,014.41. Following the completion of the transaction, the chief executive officer now owns 5,258,576 shares of the company's stock, valued at $361,947,786.08. This trade represents a 0.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 279,755 shares of company stock valued at $17,372,011 in the last ninety days. 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.