Blue Trust Inc. Purchases New Position in Intapp, Inc. (NASDAQ:INTA)

Blue Trust Inc. acquired a new stake in Intapp, Inc. (NASDAQ:INTA) in the second quarter, according to its most recent filing with the SEC. The fund acquired 866 shares of the company’s stock, valued at approximately $30,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of INTA. Vanguard Group Inc. grew its position in shares of Intapp by 42.7% in the first quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock valued at $172,002,000 after purchasing an additional 1,501,091 shares in the last quarter. Bamco Inc. NY bought a new stake in shares of Intapp during the first quarter valued at about $88,605,000. Praesidium Investment Management Company LLC lifted its holdings in shares of Intapp by 9.4% in the fourth quarter. Praesidium Investment Management Company LLC now owns 1,466,281 shares of the company’s stock worth $55,748,000 after buying an additional 125,455 shares in the last quarter. GW&K Investment Management LLC boosted its position in shares of Intapp by 127.5% in the fourth quarter. GW&K Investment Management LLC now owns 1,263,894 shares of the company’s stock valued at $48,054,000 after acquiring an additional 708,258 shares during the period. Finally, Clearbridge Investments LLC purchased a new position in Intapp during the first quarter valued at approximately $16,156,000. Institutional investors own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on INTA shares. Citigroup increased their target price on shares of Intapp from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Bank of America dropped their price objective on Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. BTIG Research decreased their target price on Intapp from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. UBS Group lifted their price target on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Oppenheimer restated a “market perform” rating on shares of Intapp in a research report on Monday, July 8th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Intapp presently has an average rating of “Moderate Buy” and a consensus target price of $47.11.

Intapp Trading Up 1.3 %

Shares of NASDAQ INTA opened at $43.75 on Friday. The stock’s 50-day moving average is $36.04 and its 200 day moving average is $35.64. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of -71.72 and a beta of 0.61. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $45.43.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.12 by $0.03. Intapp had a negative net margin of 10.44% and a negative return on equity of 9.08%. The firm had revenue of $114.38 million for the quarter, compared to the consensus estimate of $111.58 million. During the same period last year, the firm posted ($0.14) earnings per share. The business’s revenue was up 20.9% compared to the same quarter last year. On average, analysts forecast that Intapp, Inc. will post -0.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Thad Jampol sold 15,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $34.67, for a total transaction of $520,050.00. Following the transaction, the insider now directly owns 749,652 shares of the company’s stock, valued at $25,990,434.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Intapp news, insider Thad Jampol sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $34.67, for a total value of $520,050.00. Following the completion of the sale, the insider now owns 749,652 shares in the company, valued at $25,990,434.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Donald F. Coleman sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $36.49, for a total transaction of $182,450.00. Following the completion of the transaction, the chief operating officer now owns 648,411 shares in the company, valued at approximately $23,660,517.39. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock valued at $1,577,850 over the last three months. Insiders own 36.56% of the company’s stock.

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.