FORA Capital LLC Reduces Stock Position in Intapp, Inc. (NASDAQ:INTA)

FORA Capital LLC reduced its holdings in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 55.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,262 shares of the company's stock after selling 6,562 shares during the quarter. FORA Capital LLC's holdings in Intapp were worth $337,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of Intapp by 90.1% in the third quarter. Barclays PLC now owns 106,781 shares of the company's stock worth $5,108,000 after purchasing an additional 50,607 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Intapp during the third quarter valued at approximately $64,000. Franklin Resources Inc. grew its stake in Intapp by 28.4% during the third quarter. Franklin Resources Inc. now owns 456,619 shares of the company's stock valued at $22,173,000 after acquiring an additional 100,982 shares in the last quarter. Diversified Trust Co purchased a new position in Intapp in the 4th quarter worth approximately $264,000. Finally, Harbor Capital Advisors Inc. grew its stake in Intapp by 127.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 12,600 shares of the company's stock worth $808,000 after buying an additional 7,061 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

Insiders Place Their Bets

In related news, CEO John T. Hall sold 33,227 shares of Intapp stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $2,287,014.41. Following the completion of the transaction, the chief executive officer now directly owns 5,258,576 shares of the company's stock, valued at $361,947,786.08. This trade represents a 0.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 transaction of $283,250.00. Following the transaction, the insider now directly owns 857,250 shares of the company's stock, valued at approximately $48,563,212.50. This trade represents a 0.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 279,755 shares of company stock worth $17,372,011. 13.02% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on INTA. Citigroup reissued a "neutral" rating on shares of Intapp in a research note on Monday, April 21st. Barclays lowered their price objective on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Piper Sandler lowered their price objective on shares of Intapp from $71.00 to $70.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Truist Financial lowered 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. Finally, Stifel Nicolaus lowered their price objective on shares of Intapp from $75.00 to $65.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $66.89.

Intapp Trading Up 0.3%

NASDAQ INTA traded up $0.15 during trading on Wednesday, hitting $56.76. The company had a trading volume of 788,555 shares, compared to its average volume of 644,008. Intapp, Inc. has a one year low of $31.08 and a one year high of $77.74. The company has a market cap of $4.60 billion, a price-to-earnings ratio of -195.72 and a beta of 0.84. The company's fifty day moving average is $56.12 and its 200-day moving average is $61.69.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.22 by $0.04. Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. The business had revenue of $129.07 million during the quarter, compared to analyst estimates of $128.84 million. During the same period in the prior year, the business earned $0.14 EPS. The company's revenue for the quarter was up 16.7% on a year-over-year basis. As a group, equities analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current 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.