Natixis Advisors LLC Buys Shares of 30,749 Intapp, Inc. (NASDAQ:INTA)

Natixis Advisors LLC purchased a new position in shares of Intapp, Inc. (NASDAQ:INTA) during the third quarter, HoldingsChannel.com reports. The fund purchased 30,749 shares of the company’s stock, valued at approximately $1,471,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sei Investments Co. increased its position in Intapp by 13.4% during the 1st quarter. Sei Investments Co. now owns 13,858 shares of the company’s stock valued at $475,000 after buying an additional 1,638 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Intapp by 42.7% during the first quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock valued at $172,002,000 after acquiring an additional 1,501,091 shares in the last quarter. American International Group Inc. raised its position in shares of Intapp by 42.6% in the 1st quarter. American International Group Inc. now owns 19,642 shares of the company’s stock valued at $674,000 after purchasing an additional 5,864 shares during the last quarter. Shell Asset Management Co. acquired a new stake in Intapp in the 1st quarter worth approximately $179,000. Finally, Advisors Asset Management Inc. grew its position in Intapp by 239.1% during the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after purchasing an additional 581 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Truist Financial restated a “buy” rating and issued a $55.00 target price (up previously from $47.00) on shares of Intapp in a research note on Tuesday, November 5th. 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. Barclays raised their price objective on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Finally, UBS Group upped their target price on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Intapp currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.55.

Intapp Trading Down 0.6 %

Shares of NASDAQ:INTA opened at $59.92 on Tuesday. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $60.88. The business has a 50 day moving average of $51.57 and a two-hundred day moving average of $42.52. The company has a market capitalization of $4.64 billion, a PE ratio of -206.62 and a beta of 0.64.

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

Insiders Place Their Bets

In related news, COO Donald F. Coleman sold 58,003 shares of Intapp stock in a transaction on Friday, September 20th. The shares were 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 approximately $32,950,865.09. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John T. Hall sold 44,009 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total transaction of $2,609,733.70. Following the transaction, the chief executive officer now owns 5,093,692 shares of the company’s stock, valued at $302,055,935.60. This represents a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 324,169 shares of company stock worth $17,324,335. Company insiders own 13.02% of the company’s stock.

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.