Balyasny Asset Management L.P. Has $3.79 Million Stock Position in Intapp, Inc. (NASDAQ:INTA)

Balyasny Asset Management L.P. boosted its stake in Intapp, Inc. (NASDAQ:INTA - Free Report) by 46.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,195 shares of the company's stock after purchasing an additional 18,891 shares during the quarter. Balyasny Asset Management L.P. owned about 0.07% of Intapp worth $3,794,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its position in shares of Intapp by 2.0% during the fourth quarter. Victory Capital Management Inc. now owns 8,652 shares of the company's stock worth $555,000 after purchasing an additional 171 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Intapp by 8.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company's stock worth $190,000 after purchasing an additional 239 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of Intapp during the fourth quarter worth $25,000. Raleigh Capital Management Inc. acquired a new position in shares of Intapp during the fourth quarter worth $25,000. Finally, Amalgamated Bank lifted its position in shares of Intapp by 30.0% during the fourth quarter. Amalgamated Bank now owns 1,819 shares of the company's stock worth $117,000 after purchasing an additional 420 shares in the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Intapp news, insider Michele Murgel sold 7,531 shares of the 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 $518,358.73. Following the transaction, the insider now owns 223,945 shares in the company, valued at $15,414,134.35. This trade represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thad Jampol sold 5,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $56.65, for a total value of $283,250.00. Following the transaction, the insider now owns 857,250 shares in the company, valued at approximately $48,563,212.50. This trade represents a 0.58% 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 over the last 90 days. 13.02% of the stock is currently owned by company insiders.

Intapp Stock Performance

Shares of NASDAQ INTA traded up $1.35 during trading hours on Friday, hitting $58.28. The stock had a trading volume of 876,977 shares, compared to its average volume of 646,554. The company has a market capitalization of $4.72 billion, a P/E ratio of -200.96 and a beta of 0.84. The firm's 50-day moving average price is $56.01 and its two-hundred day moving average price is $61.83. Intapp, Inc. has a 52 week low of $31.08 and a 52 week high of $77.74.

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

Wall Street Analysts Forecast Growth

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

Intapp Company 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.