Intapp, Inc. (NASDAQ:INTA) Stock Position Lifted by Victory Capital Management Inc.

Key Points

• Victory Capital Management Inc. increased its holdings in Intapp, Inc. by an impressive 629.2%, resulting in ownership of 63,089 shares valued at approximately $3.68 million.
• Intapp's stock has exhibited volatility, trading down to $41.16 recently, while its 1-year price range is between $31.08 and $77.74.
• In its latest earnings report, Intapp achieved earnings per share (EPS) of $0.26, exceeding analysts' expectations of $0.22, and reported a 16.7% increase in revenue year-over-year.

Victory Capital Management Inc. boosted its position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 629.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,089 shares of the company's stock after purchasing an additional 54,437 shares during the period. Victory Capital Management Inc. owned approximately 0.08% of Intapp worth $3,683,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in Intapp by 74.2% during the 1st quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock valued at $31,000 after purchasing an additional 224 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Intapp by 414.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 803 shares of the company's stock valued at $47,000 after purchasing an additional 647 shares in the last quarter. Johnson Financial Group Inc. grew its holdings in Intapp by 273.8% during the 4th quarter. Johnson Financial Group Inc. now owns 826 shares of the company's stock valued at $53,000 after purchasing an additional 605 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in Intapp during the 4th quarter valued at $64,000. Finally, CWM LLC grew its holdings in Intapp by 27.0% during the 1st quarter. CWM LLC now owns 1,003 shares of the company's stock worth $59,000 after acquiring an additional 213 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Barclays lowered shares of Intapp from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $60.00 to $44.00 in a report on Monday, July 14th. Citigroup decreased their price objective on shares of Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a report on Wednesday, July 16th. Truist Financial decreased their price objective on shares of Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Stifel Nicolaus decreased their price objective on shares of Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, July 8th. Finally, Wall Street Zen lowered shares of Intapp from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $60.11.

Intapp Stock Performance

Shares of NASDAQ INTA traded down $0.88 during midday trading on Thursday, hitting $40.16. The company's stock had a trading volume of 124,856 shares, compared to its average volume of 659,740. The firm's fifty day moving average price is $50.06 and its 200-day moving average price is $57.52. The firm has a market cap of $3.25 billion, a P/E ratio of -166.99, a P/E/G ratio of 7.62 and a beta of 0.76. Intapp, Inc. has a 1-year low of $31.08 and a 1-year high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.04. Intapp had a negative net margin of 3.78% and a negative return on equity of 1.19%. The company had revenue of $129.07 million for the quarter, compared to the consensus estimate of $128.84 million. During the same period in the previous year, the firm earned $0.14 EPS. Intapp's revenue was up 16.7% on a year-over-year basis. As a group, research analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider David Benjamin Harrison sold 14,275 shares of Intapp stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $55.01, for a total value of $785,267.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Donald F. Coleman sold 2,809 shares of Intapp stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 435,076 shares in the company, valued at approximately $24,699,264.52. This trade represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 76,913 shares of company stock worth $4,257,984. Company 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.