New York State Common Retirement Fund Increases Position in Intapp, Inc. (NASDAQ:INTA)

New York State Common Retirement Fund lifted its position in Intapp, Inc. (NASDAQ:INTA - Free Report) by 17.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 328,876 shares of the company's stock after purchasing an additional 48,774 shares during the quarter. New York State Common Retirement Fund owned 0.41% of Intapp worth $19,200,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in Intapp by 2.0% in the 4th quarter. Victory Capital Management Inc. now owns 8,652 shares of the company's stock worth $555,000 after buying an additional 171 shares during the period. Raymond James Financial Inc. purchased a new stake in Intapp in the 4th quarter worth approximately $12,870,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Intapp by 18.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,854 shares of the company's stock worth $888,000 after buying an additional 2,190 shares during the period. Swiss National Bank lifted its holdings in Intapp by 5.6% in the 4th quarter. Swiss National Bank now owns 106,000 shares of the company's stock worth $6,794,000 after buying an additional 5,600 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Intapp by 27.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,936 shares of the company's stock worth $380,000 after acquiring an additional 1,272 shares in the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Intapp Stock Performance

Intapp stock traded down $0.95 during mid-day trading on Friday, reaching $42.54. 784,728 shares of the company were exchanged, compared to its average volume of 659,983. The business has a fifty day moving average of $52.51 and a 200 day moving average of $58.70. The firm has a market cap of $3.44 billion, a P/E ratio of -177.25, a PEG ratio of 7.92 and a beta of 0.76. 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 announced its earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.04. The company had revenue of $129.07 million for the quarter, compared to analyst estimates of $128.84 million. Intapp had a negative return on equity of 1.19% and a negative net margin of 3.78%. The firm's quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 EPS. Sell-side analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Insider Buying and Selling

In other news, COO Donald F. Coleman sold 5,629 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $57.07, for a total transaction of $321,247.03. Following the sale, the chief operating officer directly owned 437,885 shares in the company, valued at $24,990,096.95. This trade represents a 1.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Benjamin Harrison sold 14,275 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $55.01, for a total value of $785,267.75. The disclosure for this sale can be found here. Insiders have sold a total of 76,913 shares of company stock worth $4,257,984 over the last three months. Corporate insiders own 13.02% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on INTA shares. Piper Sandler raised Intapp to a "neutral" rating and set a $55.00 price objective for the company in a research report on Tuesday, June 24th. Truist Financial reduced their price objective on Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Citigroup reduced their price objective on Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a research report on Wednesday. Stifel Nicolaus reduced their target price on Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, July 8th. Finally, Barclays cut Intapp from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $60.00 to $44.00 in a research note on Monday, July 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Intapp currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.11.

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.