Susquehanna Fundamental Investments LLC Acquires New Position in Intapp, Inc. (NASDAQ:INTA)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,644 shares of the company's stock, valued at approximately $1,772,000.

Other hedge funds have also made changes to their positions in the company. Lord Abbett & CO. LLC acquired a new position in shares of Intapp in the fourth quarter valued at approximately $30,563,000. Voya Investment Management LLC grew its stake in shares of Intapp by 678.8% in the fourth quarter. Voya Investment Management LLC now owns 99,087 shares of the company's stock worth $6,350,000 after acquiring an additional 86,364 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of Intapp by 8.7% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,197,486 shares of the company's stock worth $76,747,000 after acquiring an additional 95,761 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Intapp by 669.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 152,992 shares of the company's stock valued at $9,806,000 after acquiring an additional 133,108 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in Intapp by 41.4% in the fourth quarter. MetLife Investment Management LLC now owns 32,105 shares of the company's stock valued at $2,058,000 after purchasing an additional 9,395 shares during the period. Institutional investors and hedge funds own 89.96% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Raymond James restated a "market perform" rating on shares of Intapp in a report on Friday, January 3rd. Piper Sandler restated an "overweight" rating and set a $71.00 target price (up from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Stifel Nicolaus decreased their price target on shares of Intapp from $75.00 to $65.00 and set a "buy" rating for the company in a research note on Tuesday. UBS Group boosted their price target on shares of Intapp from $89.00 to $92.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. 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 seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.20.

Intapp Stock Up 4.9 %

INTA traded up $2.73 on Friday, reaching $58.17. The company had a trading volume of 501,055 shares, compared to its average volume of 656,426. Intapp, Inc. has a 1 year low of $31.08 and a 1 year high of $77.74. The stock has a market capitalization of $4.62 billion, a PE ratio of -200.58 and a beta of 0.82. The stock has a 50-day moving average price of $57.32 and a 200-day moving average price of $61.40.

Intapp (NASDAQ:INTA - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. As a group, analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Activity

In other Intapp news, insider Thad Jampol sold 112,928 shares of the company's 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 completion of the sale, the insider now directly owns 857,250 shares of the company's stock, valued at $50,809,207.50. This represents a 11.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michele Murgel sold 1,962 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $60.00, for a total value of $117,720.00. Following the sale, the insider now directly owns 182,462 shares of the company's stock, valued at $10,947,720. The trade was a 1.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 274,755 shares of company stock valued at $17,088,761. 13.02% of the stock is currently owned by company insiders.

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.