Lazard Asset Management LLC Has $1.86 Million Stock Position in Intapp, Inc. (NASDAQ:INTA)

Lazard Asset Management LLC increased its position in Intapp, Inc. (NASDAQ:INTA - Free Report) by 42.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC bought a new position in Intapp in the fourth quarter worth $25,000. Raleigh Capital Management Inc. bought a new position in Intapp in the fourth quarter worth $25,000. SBI Securities Co. Ltd. bought a new position in Intapp in the fourth quarter worth $32,000. Johnson Financial Group Inc. lifted its position 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 during the period. Finally, CoreCap Advisors LLC bought a new position in Intapp in the fourth quarter worth $64,000. 89.96% of the stock is owned by institutional investors.

Intapp Stock Down 3.2%

Intapp stock traded down $1.83 during mid-day trading on Friday, hitting $54.58. 724,855 shares of the company were exchanged, compared to its average volume of 638,334. Intapp, Inc. has a 1-year low of $31.08 and a 1-year high of $77.74. The company has a market capitalization of $4.42 billion, a PE ratio of -188.20 and a beta of 0.84. The business has a fifty day moving average of $55.70 and a 200 day moving average of $61.96.

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 analysts' consensus estimates of $0.22 by $0.04. Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. The company had revenue of $129.07 million during the quarter, compared to analyst estimates of $128.84 million. During the same period last year, the company posted $0.14 earnings per share. The firm's quarterly revenue was up 16.7% compared to the same quarter last year. Research analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on INTA. Piper Sandler reduced their target price on Intapp from $71.00 to $70.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. UBS Group reduced their target price on Intapp from $92.00 to $83.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Citigroup reaffirmed a "neutral" rating on shares of Intapp in a research report on Monday, April 21st. Barclays dropped their price objective on Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Finally, Truist Financial dropped their price objective on Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $66.89.

Insider Activity

In other news, insider Michele Murgel sold 4,632 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $64.54, for a total value of $298,949.28. Following the completion of the sale, the insider now directly owns 213,794 shares in the company, valued at approximately $13,798,264.76. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Thad Jampol sold 112,928 shares of Intapp stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $59.27, for a total value of $6,693,242.56. Following the completion of the sale, the insider now owns 857,250 shares of the company's stock, valued at approximately $50,809,207.50. The trade was a 11.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 225,995 shares of company stock worth $13,571,636. 13.02% of the stock is owned by corporate insiders.

Intapp 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.