Allianz Asset Management GmbH Makes New Investment in Intapp, Inc. (NASDAQ:INTA)

Key Points

• Allianz Asset Management GmbH has acquired a new stake in Intapp, Inc., purchasing 163,771 shares valued at approximately $9,561,000.
• Intapp, Inc. reported earnings of $0.26 per share for the last quarter, surpassing analyst expectations of $0.22, with a revenue increase of 16.7% year-over-year.
• The company has a market cap of $3.37 billion and a current stock price of $41.64, significantly below its twelve-month high of $77.74.

Allianz Asset Management GmbH acquired a new position in Intapp, Inc. (NASDAQ:INTA - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 163,771 shares of the company's stock, valued at approximately $9,561,000. Allianz Asset Management GmbH owned 0.21% of Intapp at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INTA. CWM LLC boosted its position in shares of Intapp by 27.0% during the 1st quarter. CWM LLC now owns 1,003 shares of the company's stock valued at $59,000 after purchasing an additional 213 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Intapp by 74.2% in the first quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock worth $31,000 after purchasing an additional 224 shares in the last quarter. Xponance Inc. increased its holdings in Intapp by 11.9% in the first quarter. Xponance Inc. now owns 4,246 shares of the company's stock worth $248,000 after purchasing an additional 450 shares in the last quarter. Huntington National Bank increased its holdings in Intapp by 53.2% in the fourth quarter. Huntington National Bank now owns 1,474 shares of the company's stock worth $94,000 after purchasing an additional 512 shares in the last quarter. Finally, Johnson Financial Group Inc. increased its holdings in Intapp by 273.8% in the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company's stock worth $53,000 after purchasing an additional 605 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INTA has been the subject of a number of research analyst reports. Barclays downgraded Intapp from an "equal weight" rating to an "underweight" rating and lowered their target price for the stock from $60.00 to $44.00 in a report on Monday, July 14th. Truist Financial decreased their target price on Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. UBS Group cut their price target on Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Stifel Nicolaus cut their price target on Intapp from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, July 8th. Finally, Piper Sandler upgraded Intapp to a "neutral" rating and set a $55.00 price target on the stock in a report on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $60.11.

Insiders Place Their Bets

In related news, COO Donald F. Coleman sold 5,629 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $57.07, for a total value of $321,247.03. Following the transaction, the chief operating officer owned 437,885 shares in the company, valued at approximately $24,990,096.95. This represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John T. Hall sold 31,200 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $55.01, for a total value of $1,716,312.00. Following the sale, the chief executive officer owned 5,445,335 shares in the company, valued at approximately $299,547,878.35. This represents a 0.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,913 shares of company stock valued at $4,257,984 in the last quarter. 13.02% of the stock is currently owned by company insiders.

Intapp Trading Up 0.3%

Shares of INTA stock traded up $0.13 during trading on Wednesday, hitting $41.04. The company's stock had a trading volume of 1,156,946 shares, compared to its average volume of 816,135. The company has a market cap of $3.32 billion, a PE ratio of -171.00, a P/E/G ratio of 7.62 and a beta of 0.76. The business has a fifty day moving average of $50.06 and a 200-day moving average of $57.52. 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 released its earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.04. The company had revenue of $129.07 million during the quarter, compared to analyst estimates of $128.84 million. Intapp had a negative return on equity of 1.19% and a negative net margin of 3.78%. Intapp's quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. As a group, research analysts predict that Intapp, Inc. will post -0.14 EPS for the current 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.