Royce & Associates LP Acquires New Holdings in Intapp, Inc. (NASDAQ:INTA)

Key Points

• Royce & Associates LP has invested approximately $4.11 million in Intapp, acquiring 70,345 shares, now holding 0.09% of the company.
• Intapp reported a quarterly earnings per share (EPS) of $0.26, exceeding analysts' expectations of $0.22, with revenue climbing 16.7% year-over-year.
• A consensus rating of "Moderate Buy" is held for Intapp, with an average target price of $60.11, despite some analysts adjusting their price objectives downwards.

Royce & Associates LP acquired a new position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 70,345 shares of the company's stock, valued at approximately $4,107,000. Royce & Associates LP owned 0.09% of Intapp as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in Intapp by 74.2% during the 1st quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock worth $31,000 after purchasing an additional 224 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Intapp by 414.7% in the first quarter. Nisa Investment Advisors LLC now owns 803 shares of the company's stock worth $47,000 after acquiring an additional 647 shares during the last quarter. Johnson Financial Group Inc. boosted its stake in 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 purchasing an additional 605 shares during the last quarter. CWM LLC boosted its stake in shares of Intapp by 27.0% in the 1st quarter. CWM LLC now owns 1,003 shares of the company's stock worth $59,000 after buying an additional 213 shares during the last quarter. Finally, CoreCap Advisors LLC purchased a new position in shares of Intapp during the 4th quarter worth $64,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on INTA. Piper Sandler upgraded Intapp to a "neutral" rating and set a $55.00 target price on the stock in a research report on Tuesday, June 24th. Wall Street Zen lowered Intapp from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 21st. Truist Financial dropped their target price on shares of Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Citigroup lowered their price objective on Intapp from $66.00 to $53.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 16th. Finally, UBS Group lowered their price target on Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $60.11.

Intapp Price Performance

Intapp stock traded down $0.62 during midday trading on Thursday, reaching $40.42. The company had a trading volume of 167,688 shares, compared to its average volume of 660,063. The firm's fifty day simple moving average is $50.06 and its 200-day simple moving average is $57.52. The company has a market capitalization of $3.27 billion, a P/E ratio of -168.52, a P/E/G ratio of 7.62 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 released its quarterly earnings data 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 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 revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share. On average, analysts expect that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Donald F. Coleman sold 5,629 shares of the 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 transaction, the chief operating officer owned 437,885 shares of the company's stock, valued at approximately $24,990,096.95. This represents a 1.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David H. Morton, Jr. sold 10,000 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $55.02, for a total value of $550,200.00. Following the completion of the sale, the chief financial officer directly owned 32,739 shares in the company, valued at $1,801,299.78. This represents a 23.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 76,913 shares of company stock valued at $4,257,984 over the last three months. Company insiders own 13.02% of the company's stock.

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.