MRA Advisory Group Acquires Shares of 8,956 Intapp, Inc. (NASDAQ:INTA)

MRA Advisory Group bought a new stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,956 shares of the company's stock, valued at approximately $523,000.

Several other large investors also recently modified their holdings of the stock. Rhumbline Advisers grew its position in shares of Intapp by 7.2% during the 1st quarter. Rhumbline Advisers now owns 78,398 shares of the company's stock valued at $4,577,000 after purchasing an additional 5,257 shares in the last quarter. GAMMA Investing LLC lifted its stake in Intapp by 9,950.6% in the first quarter. GAMMA Investing LLC now owns 17,689 shares of the company's stock worth $10,330,000 after purchasing an additional 17,513 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Intapp by 5.5% during the fourth quarter. California State Teachers Retirement System now owns 50,350 shares of the company's stock valued at $3,227,000 after acquiring an additional 2,624 shares during the last quarter. Menard Financial Group LLC bought a new position in shares of Intapp during the fourth quarter valued at about $217,000. Finally, Mackenzie Financial Corp bought a new position in shares of Intapp during the fourth quarter valued at about $214,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Insider Activity

In other Intapp news, insider David Benjamin Harrison sold 14,275 shares of Intapp stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $55.01, for a total transaction of $785,267.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $57.15, for a total transaction of $1,143,000.00. Following the transaction, the insider now directly owns 857,250 shares in the company, valued at $48,991,837.50. This trade represents a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 243,207 shares of company stock worth $14,076,429 over the last 90 days. 13.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on INTA shares. UBS Group reduced their price target on shares of Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Piper Sandler cut their price objective 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. Wall Street Zen upgraded shares of Intapp from a "buy" rating to a "strong-buy" rating in a report on Friday, May 30th. Barclays cut their price objective on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Finally, Citigroup restated a "neutral" rating on shares of Intapp in a report on Monday, April 21st. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $66.89.

Intapp Stock Up 0.1%

NASDAQ:INTA opened at $56.59 on Friday. Intapp, Inc. has a 52 week low of $31.08 and a 52 week high of $77.74. The firm has a 50 day moving average of $54.71 and a 200 day moving average of $61.79. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of -195.13 and a beta of 0.81.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.04. The business had revenue of $129.07 million for the quarter, compared to analyst estimates of $128.84 million. Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. Intapp's revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 EPS. As a group, analysts expect that Intapp, Inc. will post -0.14 EPS for the current 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.

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