Diversify Advisory Services LLC Buys Shares of 15,000 Intapp, Inc. (NASDAQ:INTA)

Diversify Advisory Services LLC purchased a new position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 15,000 shares of the company's stock, valued at approximately $818,000.

Other large investors also recently modified their holdings of the company. Archer Investment Corp bought a new position in Intapp in the first quarter worth about $126,000. Jennison Associates LLC increased its position in Intapp by 0.9% during the first quarter. Jennison Associates LLC now owns 1,550,010 shares of the company's stock valued at $90,490,000 after acquiring an additional 13,577 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Intapp by 629.2% during the 1st quarter. Victory Capital Management Inc. now owns 63,089 shares of the company's stock valued at $3,683,000 after acquiring an additional 54,437 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Intapp during the 1st quarter valued at $6,555,000. Finally, CWM LLC grew 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 acquiring an additional 213 shares during the period. Hedge funds and other institutional investors own 89.96% of the company's stock.

Insider Buying and Selling

In related news, insider Thad Jampol sold 5,000 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $56.65, for a total value of $283,250.00. Following the completion of the transaction, the insider owned 857,250 shares in the company, valued at $48,563,212.50. This trade represents a 0.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Donald F. Coleman sold 2,809 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $56.77, for a total value of $159,466.93. Following the completion of the transaction, the chief operating officer owned 435,076 shares of the company's stock, valued at $24,699,264.52. This trade represents a 0.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold 76,913 shares of company stock valued at $4,257,984 over the last quarter. Insiders own 13.02% of the company's stock.

Intapp Stock Down 0.9%

INTA stock traded down $0.37 during trading on Monday, hitting $42.17. 897,785 shares of the company's stock traded hands, compared to its average volume of 660,935. The firm has a market capitalization of $3.41 billion, a P/E ratio of -175.71, a PEG ratio of 7.92 and a beta of 0.76. Intapp, Inc. has a 1 year low of $31.08 and a 1 year high of $77.74. The business has a fifty day simple moving average of $52.51 and a two-hundred day simple moving average of $58.66.

Intapp (NASDAQ:INTA - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share 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 the consensus estimate of $128.84 million. Intapp had a negative net margin of 3.78% and a negative return on equity of 1.19%. Intapp's revenue was up 16.7% compared to the same quarter last year. During the same period last year, the firm earned $0.14 earnings per share. On average, equities research analysts predict that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Analyst Ratings Changes

INTA has been the topic of a number of analyst reports. Citigroup lowered their target price on shares of Intapp from $66.00 to $53.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 16th. Piper Sandler upgraded shares of Intapp to a "neutral" rating and set a $55.00 target price on the stock in a research note on Tuesday, June 24th. Truist Financial decreased their price target on shares of Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Wall Street Zen cut shares of Intapp from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 21st. Finally, Barclays cut shares of Intapp from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $60.00 to $44.00 in a research note on Monday, July 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $60.11.

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.