Edgestream Partners L.P. Acquires Shares of 112,276 Intapp, Inc. (NASDAQ:INTA)

Edgestream Partners L.P. acquired a new position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 112,276 shares of the company's stock, valued at approximately $6,555,000. Edgestream Partners L.P. owned 0.14% of Intapp at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in INTA. Charles Schwab Investment Management Inc. increased its position in Intapp by 17.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 448,666 shares of the company's stock worth $28,755,000 after buying an additional 67,694 shares during the period. Victory Capital Management Inc. increased its position in shares of Intapp by 2.0% in 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 during the period. Atria Investments Inc bought a new position in shares of Intapp in the fourth quarter worth $262,000. Raymond James Financial Inc. bought a new position in shares of Intapp in the fourth quarter worth $12,870,000. Finally, Amundi increased its position in shares of Intapp by 58.5% in the fourth quarter. Amundi now owns 32,596 shares of the company's stock worth $2,065,000 after purchasing an additional 12,032 shares during the period. Institutional investors own 89.96% of the company's stock.

Insider Activity

In related news, COO Donald F. Coleman sold 2,809 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $56.77, for a total transaction of $159,466.93. Following the completion of the sale, the chief operating officer owned 435,076 shares in the company, valued at approximately $24,699,264.52. This represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Thad Jampol sold 5,000 shares of the company'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 sale, the insider owned 857,250 shares of the company's stock, valued at $48,563,212.50. This trade represents a 0.58% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,913 shares of company stock valued at $4,257,984. Corporate insiders own 13.02% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Truist Financial decreased their price target on Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Barclays cut 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 report on Monday. Piper Sandler raised Intapp to a "neutral" rating and set a $55.00 price objective on the stock in a research note on Tuesday, June 24th. Wall Street Zen lowered Intapp from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 21st. Finally, UBS Group cut their price target on Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Intapp presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.11.

Intapp Trading Down 1.8%

INTA stock traded down $0.80 during mid-day trading on Friday, reaching $42.69. The company's stock had a trading volume of 461,722 shares, compared to its average volume of 655,550. The company has a market cap of $3.46 billion, a price-to-earnings ratio of -178.03, a price-to-earnings-growth ratio of 8.08 and a beta of 0.76. The business's 50 day moving average price is $52.74 and its 200 day moving average price is $58.89. Intapp, Inc. has a 12 month low of $31.08 and a 12 month 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 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. The firm had revenue of $129.07 million during the quarter, compared to the consensus estimate of $128.84 million. Intapp had a negative return on equity of 1.19% and a negative net margin of 3.78%. The company's quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 earnings per share. As a group, equities analysts expect that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

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.