Intapp, Inc. (NASDAQ:INTA) Stock Holdings Increased by Lazard Asset Management LLC

Lazard Asset Management LLC grew its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 42.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,952 shares of the company's stock after purchasing an additional 8,636 shares during the quarter. Lazard Asset Management LLC's holdings in Intapp were worth $1,855,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raleigh Capital Management Inc. acquired a new position in Intapp during the 4th quarter worth approximately $25,000. Global Retirement Partners LLC acquired a new stake in shares of Intapp during the fourth quarter valued at about $25,000. SBI Securities Co. Ltd. purchased a new stake in shares of Intapp during the fourth quarter worth about $32,000. Johnson Financial Group Inc. lifted its stake in shares of 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 acquiring an additional 605 shares in the last quarter. Finally, CoreCap Advisors LLC purchased a new position in Intapp in the fourth quarter valued at about $64,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Intapp Price Performance

NASDAQ:INTA traded down $0.15 during midday trading on Tuesday, reaching $57.12. 473,473 shares of the company traded hands, compared to its average volume of 646,288. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of -196.96 and a beta of 0.84. The company has a fifty day moving average price of $55.92 and a 200 day moving average price of $61.93. Intapp, Inc. has a twelve month low of $31.08 and a twelve 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.04. The business had revenue of $129.07 million for the quarter, compared to analysts' expectations of $128.84 million. Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. The company's revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS. On average, equities research analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on INTA shares. Barclays dropped their price objective on Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Piper Sandler cut their price target on shares of Intapp from $71.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Stifel Nicolaus decreased their price objective on shares of Intapp from $75.00 to $65.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Citigroup reissued a "neutral" rating on shares of Intapp in a research report on Monday, April 21st. Finally, Truist Financial reduced their price target on shares of Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Intapp has an average rating of "Moderate Buy" and an average price target of $66.89.

Insider Activity

In other Intapp news, CEO John T. Hall sold 33,227 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $2,287,014.41. Following the completion of the sale, the chief executive officer now directly owns 5,258,576 shares in the company, valued at $361,947,786.08. This represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thad Jampol sold 20,000 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $57.15, for a total value of $1,143,000.00. Following the transaction, the insider now directly owns 857,250 shares of the company's stock, valued at approximately $48,991,837.50. The trade was a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 279,755 shares of company stock valued at $17,372,011. Insiders own 13.02% of the company's stock.

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.