Los Angeles Capital Management LLC Invests $354,000 in Intapp, Inc. (NASDAQ:INTA)

Los Angeles Capital Management LLC acquired a new position in shares of Intapp, Inc. (NASDAQ:INTA) during the third quarter, Holdings Channel reports. The fund acquired 7,401 shares of the company’s stock, valued at approximately $354,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. raised its holdings in shares of Intapp by 7.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company’s stock worth $265,000 after acquiring an additional 373 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after acquiring an additional 527 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Intapp by 239.1% in the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after acquiring an additional 581 shares during the last quarter. J.Safra Asset Management Corp raised its holdings in shares of Intapp by 634.0% in the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after acquiring an additional 615 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Intapp by 9.8% in the 2nd quarter. Federated Hermes Inc. now owns 7,805 shares of the company’s stock worth $286,000 after acquiring an additional 694 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Insider Buying and Selling

In other news, Director Ralph Baxter sold 5,000 shares of Intapp stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $47.44, for a total transaction of $237,200.00. Following the completion of the sale, the director now directly owns 5,624 shares of the company’s stock, valued at approximately $266,802.56. The trade was a 47.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thad Jampol sold 31,666 shares of Intapp stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $49.09, for a total transaction of $1,554,483.94. Following the sale, the insider now directly owns 772,412 shares of the company’s stock, valued at $37,917,705.08. This represents a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 237,017 shares of company stock valued at $12,156,222. Company insiders own 13.02% of the company’s stock.

Intapp Stock Down 1.4 %

Shares of INTA stock opened at $56.13 on Monday. The company has a 50 day moving average of $49.93 and a 200-day moving average of $41.46. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $60.88. The firm has a market cap of $4.34 billion, a P/E ratio of -193.55 and a beta of 0.64.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Monday, November 4th. The company reported $0.21 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%. Intapp’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period last year, the firm earned ($0.20) EPS. As a group, equities analysts expect that Intapp, Inc. will post -0.14 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on INTA. Truist Financial restated a “buy” rating and issued a $55.00 target price (up previously from $47.00) on shares of Intapp in a report on Tuesday, November 5th. Bank of America lowered their target price on shares of Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Raymond James increased their price objective on shares of Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. UBS Group increased their price objective on shares of Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $60.00 price objective (up previously from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and nine have issued 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 price target of $53.55.

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.