GSA Capital Partners LLP Acquires New Holdings in Intapp, Inc. (NASDAQ:INTA)

GSA Capital Partners LLP acquired a new stake in shares of Intapp, Inc. (NASDAQ:INTA) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 10,063 shares of the company’s stock, valued at approximately $481,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Intapp by 42.7% in the first quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock worth $172,002,000 after acquiring an additional 1,501,091 shares in the last quarter. Bamco Inc. NY acquired a new stake in Intapp in the first quarter worth about $88,605,000. Clearbridge Investments LLC boosted its holdings in Intapp by 64.0% in the second quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock worth $28,319,000 after acquiring an additional 301,238 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Intapp by 18.4% in the second quarter. Dimensional Fund Advisors LP now owns 686,496 shares of the company’s stock worth $25,173,000 after acquiring an additional 106,668 shares in the last quarter. Finally, TimesSquare Capital Management LLC boosted its holdings in Intapp by 27.6% in the third quarter. TimesSquare Capital Management LLC now owns 545,160 shares of the company’s stock worth $26,075,000 after acquiring an additional 117,795 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

Intapp Trading Up 2.7 %

Shares of INTA stock opened at $57.89 on Wednesday. The stock has a 50 day moving average of $50.43 and a 200 day moving average of $41.82. The stock has a market cap of $4.48 billion, a P/E ratio of -199.62 and a beta of 0.64. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $60.88.

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

Insider Activity

In related news, Director Ralph Baxter sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $57.10, for a total transaction of $2,855,000.00. Following the completion of the sale, the director now directly owns 5,624 shares in the company, valued at approximately $321,130.40. The trade was a 89.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Donald F. Coleman sold 58,003 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $49.31, for a total value of $2,860,127.93. Following the sale, the chief operating officer now owns 668,239 shares of the company’s stock, valued at $32,950,865.09. The trade was a 7.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 237,017 shares of company stock worth $12,156,222 over the last three months. 13.02% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Barclays raised their price target on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Piper Sandler reaffirmed an “overweight” rating and set a $60.00 target price (up previously from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Stifel Nicolaus lifted their target price on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Raymond James lifted their target price on Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Finally, Bank of America decreased their target price on Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.55.

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.