Victory Capital Management Inc. Has $555,000 Holdings in Intapp, Inc. (NASDAQ:INTA)

Victory Capital Management Inc. lifted its stake in Intapp, Inc. (NASDAQ:INTA) by 2.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,652 shares of the company’s stock after buying an additional 171 shares during the quarter. Victory Capital Management Inc.’s holdings in Intapp were worth $555,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of INTA. Raleigh Capital Management Inc. acquired a new position in shares of Intapp in the 4th quarter worth approximately $25,000. Global Retirement Partners LLC acquired a new position in shares of Intapp in the 4th quarter worth approximately $25,000. SBI Securities Co. Ltd. acquired a new position in shares of Intapp in the 4th quarter worth approximately $32,000. Quest Partners LLC bought a new stake in Intapp during the 3rd quarter worth approximately $54,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Intapp during the 3rd quarter worth approximately $64,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Intapp Stock Performance

NASDAQ:INTA opened at $60.95 on Friday. The stock’s 50-day simple moving average is $66.88 and its 200 day simple moving average is $59.62. The company has a market cap of $4.84 billion, a P/E ratio of -210.17 and a beta of 0.76. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $77.74.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Michele Murgel sold 1,962 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $60.00, for a total transaction of $117,720.00. Following the completion of the sale, the insider now owns 182,462 shares in the company, valued at $10,947,720. The trade was a 1.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David H. Morton, Jr. sold 5,445 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $374,779.35. Following the sale, the chief financial officer now owns 38,996 shares of the company’s stock, valued at approximately $2,684,094.68. This represents a 12.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 184,827 shares of company stock worth $11,825,658. Company insiders own 13.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on INTA. Truist Financial increased their price target on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Raymond James reiterated a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. JPMorgan Chase & Co. increased their price objective on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Citigroup restated a “neutral” rating and issued a $78.00 price target (down from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Finally, Stifel Nicolaus raised their price target on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Intapp currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.45.

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.