MRA Advisory Group Takes $523,000 Position in Intapp, Inc. (NASDAQ:INTA)

MRA Advisory Group acquired a new position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,956 shares of the company's stock, valued at approximately $523,000.

Several other hedge funds and other institutional investors have also modified their holdings of INTA. Global Retirement Partners LLC acquired a new stake in shares of Intapp in the fourth quarter valued at $25,000. SBI Securities Co. Ltd. acquired a new position in shares of Intapp during the 4th quarter worth $32,000. Johnson Financial Group Inc. increased its holdings in shares of 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 acquiring an additional 605 shares during the last quarter. CoreCap Advisors LLC acquired a new position in Intapp in the 4th quarter valued at $64,000. Finally, Huntington National Bank grew its stake in Intapp by 53.2% in the 4th quarter. Huntington National Bank now owns 1,474 shares of the company's stock valued at $94,000 after buying an additional 512 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Intapp

In other news, insider David Benjamin Harrison sold 14,275 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $55.01, for a total value of $785,267.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michele Murgel sold 1,962 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $60.00, for a total value of $117,720.00. Following the completion of the transaction, the insider now owns 182,462 shares of the company's stock, valued at approximately $10,947,720. The trade was a 1.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 215,207 shares of company stock valued at $12,476,229 in the last ninety days. Corporate insiders own 13.02% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on Intapp from $75.00 to $65.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Citigroup reiterated a "neutral" rating on shares of Intapp in a report on Monday, April 21st. 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 research report on Monday, April 14th. UBS Group cut their price objective 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. Finally, Piper Sandler dropped their price target on shares of Intapp from $71.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $66.89.

Intapp Stock Performance

Shares of Intapp stock traded up $0.07 during midday trading on Monday, reaching $58.30. 541,363 shares of the company's stock traded hands, compared to its average volume of 628,321. The stock has a 50 day moving average of $54.68 and a 200-day moving average of $61.83. The company has a market cap of $4.72 billion, a PE ratio of -201.03 and a beta of 0.81. Intapp, Inc. has a 12 month low of $31.08 and a 12 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 EPS for the quarter, topping the consensus estimate of $0.22 by $0.04. The company had revenue of $129.07 million during the quarter, compared to the consensus estimate of $128.84 million. Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. Intapp's revenue for the quarter was up 16.7% on a year-over-year basis. During the same period last year, the company earned $0.14 EPS. On average, equities analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal 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.