AQR Capital Management LLC Sells 18,067 Shares of Intapp, Inc. (NASDAQ:INTA)

AQR Capital Management LLC decreased its stake in Intapp, Inc. (NASDAQ:INTA) by 65.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,661 shares of the company’s stock after selling 18,067 shares during the period. AQR Capital Management LLC’s holdings in Intapp were worth $354,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of INTA. J.Safra Asset Management Corp grew 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 valued at $26,000 after acquiring an additional 615 shares in the last quarter. Advisors Asset Management Inc. grew 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 valued at $28,000 after acquiring an additional 581 shares in the last quarter. Blue Trust Inc. bought a new position in shares of Intapp in the 2nd quarter valued at about $30,000. Comerica Bank grew its holdings in Intapp by 218.4% during the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after purchasing an additional 865 shares during the period. Finally, Covestor Ltd grew its holdings in Intapp by 52.0% during the first quarter. Covestor Ltd now owns 2,395 shares of the company’s stock worth $82,000 after purchasing an additional 819 shares during the period. Institutional investors own 89.96% of the company’s stock.

Insider Activity

In other news, insider Thad Jampol sold 31,666 shares of Intapp stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $49.09, for a total value of $1,554,483.94. Following the completion of the sale, the insider now directly owns 772,412 shares in the company, valued at approximately $37,917,705.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Donald F. Coleman sold 58,003 shares of Intapp stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 668,239 shares in the company, valued at approximately $32,950,865.09. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thad Jampol sold 31,666 shares of Intapp stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $49.09, for a total transaction of $1,554,483.94. Following the completion of the sale, the insider now owns 772,412 shares of the company’s stock, valued at approximately $37,917,705.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 151,239 shares of company stock worth $7,289,531. Corporate insiders own 36.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on INTA shares. UBS Group lifted their price target on Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Stifel Nicolaus lifted their price target on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Barclays reiterated an “equal weight” rating and set a $44.00 price target on shares of Intapp in a report on Monday, October 7th. Oppenheimer reiterated a “market perform” rating on shares of Intapp in a report on Monday, July 8th. Finally, Bank of America reduced their price target on Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $50.00.

Intapp Stock Up 0.3 %

Shares of INTA stock opened at $49.66 on Thursday. The firm has a 50 day moving average price of $44.86 and a two-hundred day moving average price of $38.07. The company has a market capitalization of $3.65 billion, a PE ratio of -81.41 and a beta of 0.65. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $51.80.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.03. The firm had revenue of $114.38 million during the quarter, compared to the consensus estimate of $111.58 million. Intapp had a negative net margin of 7.44% and a negative return on equity of 5.36%. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period last year, the business posted ($0.14) earnings per share. As a group, research analysts expect that Intapp, Inc. will post -0.15 EPS for the current year.

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.