New York State Common Retirement Fund Buys 48,774 Shares of Intapp, Inc. (NASDAQ:INTA)

New York State Common Retirement Fund increased its position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 17.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 328,876 shares of the company's stock after acquiring an additional 48,774 shares during the period. New York State Common Retirement Fund owned approximately 0.41% of Intapp worth $19,200,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of INTA. Invesco Ltd. grew its holdings in Intapp by 6,506.1% during the fourth quarter. Invesco Ltd. now owns 1,980,506 shares of the company's stock worth $126,931,000 after acquiring an additional 1,950,526 shares during the period. Vanguard Group Inc. increased its stake in Intapp by 11.8% in the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company's stock worth $408,139,000 after purchasing an additional 672,832 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Intapp by 408.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 720,994 shares of the company's stock worth $46,209,000 after purchasing an additional 579,075 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in Intapp in the 4th quarter worth about $30,563,000. Finally, Capital World Investors increased its stake in Intapp by 30.3% in the 4th quarter. Capital World Investors now owns 1,701,939 shares of the company's stock worth $109,077,000 after purchasing an additional 395,804 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Intapp Trading Down 2.2%

NASDAQ INTA traded down $0.95 during trading on Friday, reaching $42.54. 784,673 shares of the company's stock were exchanged, compared to its average volume of 656,742. The firm has a market capitalization of $3.44 billion, a PE ratio of -177.25, a P/E/G ratio of 8.08 and a beta of 0.76. Intapp, Inc. has a fifty-two week low of $31.08 and a fifty-two week high of $77.74. The company's fifty day simple moving average is $52.74 and its 200-day simple moving average is $58.89.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly 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 business had revenue of $129.07 million during 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 revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 EPS. Equities analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling at Intapp

In other news, insider David Benjamin Harrison sold 14,275 shares of Intapp stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $55.01, for a total transaction of $785,267.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Thad Jampol sold 5,000 shares of Intapp stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $56.65, for a total value of $283,250.00. Following the sale, the insider owned 857,250 shares of the company's stock, valued at approximately $48,563,212.50. This represents a 0.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,913 shares of company stock worth $4,257,984 over the last quarter. Insiders own 13.02% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.