Los Angeles Capital Management LLC Buys New Holdings in Intapp, Inc. (NASDAQ:INTA)

Los Angeles Capital Management LLC purchased a new position in shares of Intapp, Inc. (NASDAQ:INTA) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 7,401 shares of the company’s stock, valued at approximately $354,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of INTA. Swiss National Bank grew its holdings in Intapp by 58.1% during the first quarter. Swiss National Bank now owns 86,500 shares of the company’s stock worth $2,967,000 after purchasing an additional 31,800 shares during the period. Sei Investments Co. grew its holdings in Intapp by 13.4% during the first quarter. Sei Investments Co. now owns 13,858 shares of the company’s stock worth $475,000 after purchasing an additional 1,638 shares during the period. ProShare Advisors LLC bought a new position in Intapp during the first quarter worth about $246,000. Vanguard Group Inc. grew its holdings in Intapp by 42.7% during the first quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock worth $172,002,000 after purchasing an additional 1,501,091 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of Intapp by 52.0% during the first quarter. Covestor Ltd now owns 2,395 shares of the company’s stock worth $82,000 after acquiring an additional 819 shares during the period. Institutional investors own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Stifel Nicolaus boosted their price objective on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Bank of America cut their price target on Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Citigroup boosted their price target on Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $60.00 price target (up from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Intapp currently has a consensus rating of “Moderate Buy” and an average price target of $53.55.

Insider Transactions at Intapp

In other news, insider Thad Jampol sold 31,666 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $49.09, for a total transaction of $1,554,483.94. Following the completion of the transaction, the insider now directly owns 772,412 shares in the company, valued at approximately $37,917,705.08. This represents a 3.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Donald F. Coleman sold 58,003 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $49.31, for a total transaction of $2,860,127.93. Following the transaction, the chief operating officer now owns 668,239 shares of the company’s stock, valued at $32,950,865.09. This trade represents a 7.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 237,017 shares of company stock worth $12,156,222. Corporate insiders own 13.02% of the company’s stock.

Intapp Price Performance

Shares of INTA opened at $56.13 on Monday. The firm has a 50 day simple moving average of $49.93 and a two-hundred day simple moving average of $41.46. The company has a market cap of $4.34 billion, a P/E ratio of -193.55 and a beta of 0.64. Intapp, Inc. has a one year low of $30.36 and a one year high of $60.88.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. The company had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.20) earnings per share. On average, analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Intapp 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.