Intapp, Inc. (NASDAQ:INTA) is Palisades Investment Partners LLC's 6th Largest Position

Palisades Investment Partners LLC boosted its stake in Intapp, Inc. (NASDAQ:INTA - Free Report) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,013 shares of the company's stock after purchasing an additional 15,123 shares during the period. Intapp comprises about 4.5% of Palisades Investment Partners LLC's holdings, making the stock its 6th largest holding. Palisades Investment Partners LLC owned about 0.21% of Intapp worth $10,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in INTA. Invesco Ltd. raised its stake 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 buying an additional 1,950,526 shares during the last quarter. Vanguard Group Inc. grew its holdings in Intapp by 11.8% in the fourth 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 during the period. Arrowstreet Capital Limited Partnership grew its holdings in Intapp by 408.0% in the fourth 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 during the period. Lord Abbett & CO. LLC acquired a new stake in Intapp in the fourth quarter worth $30,563,000. Finally, Capital World Investors grew its holdings in Intapp by 30.3% in the fourth 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 during the period. Institutional investors own 89.96% of the company's stock.

Insiders Place Their Bets

In other Intapp news, COO Donald F. Coleman sold 2,809 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $56.77, for a total value of $159,466.93. Following the completion of the transaction, the chief operating officer now owns 435,076 shares of the company's stock, valued at $24,699,264.52. The trade was a 0.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michele Murgel sold 23,404 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $60.13, for a total transaction of $1,407,282.52. Following the completion of the transaction, the insider now directly owns 185,220 shares of the company's stock, valued at approximately $11,137,278.60. This represents a 11.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 179,732 shares of company stock valued at $10,582,409 in the last quarter. Corporate insiders own 13.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on INTA. Truist Financial reduced 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. Piper Sandler cut their price target 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. UBS Group cut their price target on shares of Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Stifel Nicolaus cut their price target on shares of Intapp from $75.00 to $65.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. 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 and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $66.89.

Intapp Trading Up 2.0%

Shares of NASDAQ INTA traded up $1.11 during midday trading on Tuesday, hitting $55.69. The company's stock had a trading volume of 242,641 shares, compared to its average volume of 635,315. The stock has a fifty day moving average price of $55.59 and a 200 day moving average price of $61.97. Intapp, Inc. has a one year low of $31.08 and a one year high of $77.74. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of -191.97 and a beta of 0.84.

Intapp (NASDAQ:INTA - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share for the quarter, topping 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 was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 EPS. On average, equities research analysts predict 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.