Mirae Asset Global Investments Co. Ltd. Increases Stake in Intapp, Inc. (NASDAQ:INTA)

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Intapp, Inc. (NASDAQ:INTA) by 22.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,557 shares of the company’s stock after purchasing an additional 2,300 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Intapp were worth $477,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Ellsworth Advisors LLC increased its holdings in shares of Intapp by 3.0% in the fourth quarter. Ellsworth Advisors LLC now owns 8,821 shares of the company’s stock valued at $335,000 after purchasing an additional 255 shares during the period. Keybank National Association OH raised its position in Intapp by 7.1% during the 3rd quarter. Keybank National Association OH now owns 8,257 shares of the company’s stock worth $277,000 after buying an additional 544 shares during the last quarter. Nordea Investment Management AB lifted its stake in Intapp by 0.5% during the 3rd quarter. Nordea Investment Management AB now owns 130,893 shares of the company’s stock valued at $4,417,000 after acquiring an additional 641 shares during the period. Amalgamated Bank boosted its holdings in shares of Intapp by 30.5% in the 3rd quarter. Amalgamated Bank now owns 3,033 shares of the company’s stock valued at $102,000 after acquiring an additional 708 shares during the last quarter. Finally, Spouting Rock Asset Management LLC increased its stake in shares of Intapp by 10.4% in the third quarter. Spouting Rock Asset Management LLC now owns 11,327 shares of the company’s stock worth $380,000 after acquiring an additional 1,065 shares during the period. Institutional investors own 89.96% of the company’s stock.

Intapp Trading Up 1.4 %

NASDAQ:INTA opened at $31.88 on Friday. The stock has a 50 day moving average of $34.59 and a two-hundred day moving average of $37.30. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $50.46. The firm has a market cap of $2.33 billion, a P/E ratio of -39.85 and a beta of 0.51.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Tuesday, February 6th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.05. Intapp had a negative return on equity of 12.98% and a negative net margin of 13.81%. The firm had revenue of $103.93 million during the quarter, compared to analysts’ expectations of $103.17 million. On average, research analysts forecast that Intapp, Inc. will post -0.53 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on INTA shares. Truist Financial boosted their target price on shares of Intapp from $46.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Stifel Nicolaus decreased their price objective on Intapp from $47.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday. Citigroup lowered their target price on Intapp from $57.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday. Piper Sandler reiterated an “overweight” rating and set a $52.00 price target on shares of Intapp in a research report on Monday, February 26th. Finally, Barclays decreased their price target on Intapp from $47.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Intapp has a consensus rating of “Buy” and an average target price of $48.44.

Insider Transactions at Intapp

In related news, Director George R. Neble sold 1,500 shares of the company’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $31.38, for a total transaction of $47,070.00. Following the completion of the sale, the director now owns 29,047 shares of the company’s stock, valued at approximately $911,494.86. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Intapp news, Director George R. Neble sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $31.38, for a total value of $47,070.00. Following the transaction, the director now directly owns 29,047 shares of the company’s stock, valued at approximately $911,494.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Scott Fitzgerald sold 1,363 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $45.00, for a total value of $61,335.00. Following the completion of the sale, the chief marketing officer now owns 29,568 shares of the company’s stock, valued at $1,330,560. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,117,067 shares of company stock valued at $258,544,060. Corporate insiders own 36.56% 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.