Occudo Quantitative Strategies LP Makes New $293,000 Investment in Intapp, Inc. (NASDAQ:INTA)

Occudo Quantitative Strategies LP purchased a new stake in Intapp, Inc. (NASDAQ:INTA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,564 shares of the company's stock, valued at approximately $293,000.

Other large investors have also recently modified their holdings of the company. Raleigh Capital Management Inc. bought a new stake in shares of Intapp during the 4th quarter worth $25,000. Global Retirement Partners LLC bought a new stake in Intapp during the fourth quarter worth about $25,000. SBI Securities Co. Ltd. purchased a new position in shares of Intapp in the 4th quarter worth about $32,000. Johnson Financial Group Inc. increased its position in shares of 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. Finally, CoreCap Advisors LLC purchased a new position in shares of Intapp during the 4th quarter valued at about $64,000. Institutional investors own 89.96% of the company's stock.

Insider Activity

In related news, insider Thad Jampol sold 112,928 shares of Intapp stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $59.27, for a total transaction of $6,693,242.56. Following the sale, the insider now directly owns 857,250 shares in the company, valued at $50,809,207.50. The trade was a 11.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michele Murgel sold 4,632 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $64.54, for a total value of $298,949.28. Following the completion of the transaction, the insider now owns 213,794 shares of the company's stock, valued at approximately $13,798,264.76. This trade represents a 2.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 217,557 shares of company stock valued at $13,090,922. Corporate insiders own 13.02% of the company's stock.

Analyst Ratings Changes

INTA has been the subject of a number of research reports. Barclays cut their price objective on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Piper Sandler cut their price target on shares of Intapp from $71.00 to $70.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. UBS Group reduced their price objective on Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Citigroup restated a "neutral" rating on shares of Intapp in a report on Monday, April 21st. Finally, Truist Financial reduced their price target on Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Intapp currently has an average rating of "Moderate Buy" and an average price target of $66.89.

Intapp Price Performance

INTA traded up $0.47 during midday trading on Thursday, reaching $56.97. 93,134 shares of the company's stock traded hands, compared to its average volume of 639,040. Intapp, Inc. has a 52 week low of $31.08 and a 52 week high of $77.74. The firm has a fifty day moving average of $55.86 and a two-hundred day moving average of $61.89. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of -196.63 and a beta of 0.84.

Intapp (NASDAQ:INTA - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.04. Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. The company had revenue of $129.07 million during the quarter, compared to the consensus estimate of $128.84 million. During the same quarter in the prior year, the company earned $0.14 earnings per share. The firm's revenue for the quarter was up 16.7% on a year-over-year basis. Sell-side analysts forecast 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.