Intapp, Inc. (NASDAQ:INTA) Shares Bought by Voloridge Investment Management LLC

Voloridge Investment Management LLC raised its holdings in Intapp, Inc. (NASDAQ:INTA - Free Report) by 84.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 338,994 shares of the company's stock after acquiring an additional 155,286 shares during the period. Voloridge Investment Management LLC owned 0.43% of Intapp worth $21,726,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Vident Advisory LLC raised its holdings in Intapp by 34.3% in the 4th quarter. Vident Advisory LLC now owns 7,643 shares of the company's stock valued at $490,000 after acquiring an additional 1,950 shares during the last quarter. State of Wyoming raised its holdings in Intapp by 48.2% in the 4th quarter. State of Wyoming now owns 5,453 shares of the company's stock valued at $349,000 after acquiring an additional 1,773 shares during the last quarter. Silvercrest Asset Management Group LLC raised its holdings in Intapp by 4.4% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 475,367 shares of the company's stock valued at $30,466,000 after acquiring an additional 20,014 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Intapp by 103.6% during the 4th quarter. ProShare Advisors LLC now owns 15,020 shares of the company's stock worth $963,000 after buying an additional 7,644 shares during the last quarter. Finally, Man Group plc acquired a new stake in shares of Intapp during the 4th quarter worth $3,407,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Intapp Trading Down 0.2%

Shares of Intapp stock opened at $56.41 on Friday. The company has a fifty day moving average price of $55.79 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. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of -194.51 and a beta of 0.84.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $129.07 million during 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 firm's revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 EPS. Analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current year.

Insider Buying and Selling at Intapp

In other Intapp news, insider Thad Jampol sold 20,000 shares of the firm's stock in a transaction dated 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 owns 857,250 shares of the company's stock, valued at $48,991,837.50. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michele Murgel sold 4,632 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $64.54, for a total transaction of $298,949.28. Following the completion of the transaction, the insider now directly owns 213,794 shares in the company, valued at $13,798,264.76. This represents a 2.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 217,557 shares of company stock valued at $13,090,922 in the last ninety days. Insiders own 13.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Citigroup restated a "neutral" rating on shares of Intapp in a report on Monday, April 21st. Stifel Nicolaus dropped their price objective on Intapp from $75.00 to $65.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Barclays dropped their price objective on Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Piper Sandler dropped their price objective on Intapp from $71.00 to $70.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Finally, UBS Group dropped their price objective on Intapp from $92.00 to $83.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $66.89.

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.

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