28,469 Shares in Intapp, Inc. (NASDAQ:INTA) Bought by Voleon Capital Management LP

Voleon Capital Management LP bought a new position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 28,469 shares of the company's stock, valued at approximately $1,825,000.

A number of other hedge funds have also added to or reduced their stakes in INTA. Invesco Ltd. raised its holdings in Intapp by 6,506.1% during the fourth quarter. Invesco Ltd. now owns 1,980,506 shares of the company's stock worth $126,931,000 after buying an additional 1,950,526 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Intapp by 11.8% in the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company's stock worth $408,139,000 after acquiring an additional 672,832 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Intapp by 408.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 720,994 shares of the company's stock valued at $46,209,000 after purchasing an additional 579,075 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in Intapp during the 4th quarter worth approximately $30,563,000. Finally, Capital World Investors raised its stake in shares of Intapp by 30.3% in the fourth quarter. Capital World Investors now owns 1,701,939 shares of the company's stock worth $109,077,000 after purchasing an additional 395,804 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors.

Intapp Price Performance

Shares of INTA traded down $0.88 during mid-day trading on Tuesday, hitting $56.81. The stock had a trading volume of 205,499 shares, compared to its average volume of 655,000. The firm has a market cap of $4.51 billion, a P/E ratio of -196.27 and a beta of 0.84. Intapp, Inc. has a 52 week low of $31.08 and a 52 week high of $77.74. The business has a fifty day moving average price of $57.15 and a 200-day moving average price of $61.54.

Intapp (NASDAQ:INTA - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) EPS 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, research analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on INTA. Truist Financial decreased their price target on Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. UBS Group raised their price target on shares of Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Citigroup reaffirmed a "neutral" rating on shares of Intapp in a research report on Monday, April 21st. Barclays dropped their target price on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $71.00 target price (up from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $66.20.

Insider Buying and Selling

In other Intapp news, insider Thad Jampol sold 20,000 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $57.15, for a total value of $1,143,000.00. Following the completion of the transaction, the insider now owns 857,250 shares in the company, valued at $48,991,837.50. This trade represents a 2.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michele Murgel sold 7,531 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $518,358.73. Following the sale, the insider now owns 223,945 shares in the company, valued at approximately $15,414,134.35. This represents a 3.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 274,755 shares of company stock valued at $17,088,761. Company 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.