Knights of Columbus Asset Advisors LLC Buys New Shares in Intapp, Inc. $INTA

Knights of Columbus Asset Advisors LLC bought a new position in Intapp, Inc. (NASDAQ:INTA) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 34,022 shares of the company’s stock, valued at approximately $1,232,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its position in shares of Intapp by 4.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 11,257 shares of the company’s stock worth $423,000 after buying an additional 435 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Intapp by 9.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,652 shares of the company’s stock valued at $145,000 after acquiring an additional 483 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of Intapp by 4.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 23,200 shares of the company’s stock valued at $585,000 after acquiring an additional 900 shares during the period. Versant Capital Management Inc lifted its position in shares of Intapp by 109.5% during the 3rd quarter. Versant Capital Management Inc now owns 1,823 shares of the company’s stock valued at $66,000 after acquiring an additional 953 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in shares of Intapp by 5.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 20,688 shares of the company’s stock valued at $749,000 after acquiring an additional 980 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider David Harrison sold 40,284 shares of the stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $45.26, for a total value of $1,823,253.84. Following the completion of the sale, the insider directly owned 15,599 shares of the company’s stock, valued at approximately $706,010.74. This represents a 72.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Thad Jampol sold 4,800 shares of the firm’s stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $40.39, for a total value of $193,872.00. Following the transaction, the insider owned 928,585 shares in the company, valued at approximately $37,505,548.15. This trade represents a 0.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 152,184 shares of company stock worth $6,400,426 in the last ninety days. Corporate insiders own 11.87% of the company’s stock.

Intapp Stock Performance

INTA stock opened at $45.90 on Friday. The company has a market capitalization of $3.52 billion, a P/E ratio of -127.50, a price-to-earnings-growth ratio of 11.06 and a beta of 0.31. Intapp, Inc. has a 52-week low of $19.01 and a 52-week high of $48.19. The business has a 50-day simple moving average of $40.59 and a two-hundred day simple moving average of $30.49.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The firm had revenue of $161.26 million during the quarter, compared to the consensus estimate of $159.63 million. Intapp had a negative return on equity of 1.64% and a negative net margin of 4.71%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.24 earnings per share. As a group, sell-side analysts forecast that Intapp, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on INTA shares. Wall Street Zen upgraded shares of Intapp from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Oppenheimer reaffirmed a “market perform” rating on shares of Intapp in a research note on Wednesday, October 28th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Intapp in a report on Wednesday, September 2nd. UBS Group reissued a “mixed” rating on shares of Intapp in a research report on Wednesday, October 28th. Finally, Truist Financial raised their target price on Intapp from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $40.71.

Intapp Company Profile

Intapp provides cloud-based software and artificial intelligence solutions for professional and financial services firms, including legal, accounting, consulting, investment banking and private capital businesses. Its products help organizations manage workflows, client relationships, risk and compliance, collaboration, and timekeeping. The company’s offerings include DealCloud, a platform for relationship management and dealmaking, as well as tools for intake, conflicts management, information barriers, and time capture.