Thoroughbred Financial Services LLC Has $803,000 Position in Intapp, Inc. (NASDAQ:INTA)

Thoroughbred Financial Services LLC raised its position in Intapp, Inc. (NASDAQ:INTA - Free Report) by 128.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,768 shares of the company's stock after buying an additional 7,729 shares during the quarter. Thoroughbred Financial Services LLC's holdings in Intapp were worth $803,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its position in shares of Intapp by 74.2% during the 1st quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock valued at $31,000 after purchasing an additional 224 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Intapp by 414.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 803 shares of the company's stock valued at $47,000 after purchasing an additional 647 shares during the last quarter. Johnson Financial Group Inc. raised its position in Intapp by 273.8% in the 4th quarter. Johnson Financial Group Inc. now owns 826 shares of the company's stock worth $53,000 after purchasing an additional 605 shares during the period. CWM LLC boosted its stake in shares of Intapp by 27.0% during the first quarter. CWM LLC now owns 1,003 shares of the company's stock valued at $59,000 after purchasing an additional 213 shares during the period. Finally, CoreCap Advisors LLC purchased a new position in Intapp during the 4th quarter valued at about $64,000. Institutional investors own 89.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Truist Financial lowered 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. Wall Street Zen lowered Intapp from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 21st. Piper Sandler upgraded Intapp to a "neutral" rating and set a $55.00 price target on the stock in a research note on Tuesday, June 24th. Citigroup decreased their price target on shares of Intapp from $66.00 to $53.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 16th. Finally, Stifel Nicolaus cut their price objective on Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $60.11.

Intapp Trading Down 1.1%

Shares of INTA stock traded down $0.42 during trading hours on Friday, hitting $36.94. The company's stock had a trading volume of 1,645,122 shares, compared to its average volume of 859,023. The company has a 50 day moving average of $47.85 and a 200 day moving average of $56.17. The stock has a market cap of $2.99 billion, a PE ratio of -153.92, a price-to-earnings-growth ratio of 7.89 and a beta of 0.73. Intapp, Inc. has a 12-month low of $32.18 and a 12-month high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.22 by $0.04. The firm had revenue of $129.07 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 earnings per share. As a group, analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Intapp

In other Intapp news, CEO John T. Hall sold 8,000 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $55.28, for a total transaction of $442,240.00. Following the transaction, the chief executive officer directly owned 5,445,335 shares of the company's stock, valued at approximately $301,018,118.80. This trade represents a 0.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Donald F. Coleman sold 2,809 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $56.77, for a total value of $159,466.93. Following the transaction, the chief operating officer directly owned 435,076 shares of the company's stock, valued at approximately $24,699,264.52. This trade represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,913 shares of company stock valued at $3,974,734 in the last quarter. Corporate insiders own 13.02% of the company's stock.

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.