1,650 Shares in Intapp, Inc. (NASDAQ:INTA) Acquired by OFI Invest Asset Management

OFI Invest Asset Management bought a new position in shares of Intapp, Inc. (NASDAQ:INTA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,650 shares of the company’s stock, valued at approximately $102,000.

A number of other large investors have also recently added to or reduced their stakes in INTA. Farther Finance Advisors LLC lifted its holdings in shares of Intapp by 1,054.0% during the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 527 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Intapp during the third quarter valued at about $354,000. GSA Capital Partners LLP acquired a new position in shares of Intapp in the third quarter worth about $481,000. Natixis Advisors LLC acquired a new position in shares of Intapp in the third quarter worth about $1,471,000. Finally, Quest Partners LLC purchased a new position in shares of Intapp in the third quarter worth approximately $54,000. 89.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO John T. Hall sold 70,986 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $68.83, for a total value of $4,885,966.38. Following the completion of the sale, the chief executive officer now directly owns 5,026,096 shares in the company, valued at approximately $345,946,187.68. The trade was a 1.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Donald F. Coleman sold 7,753 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $64.54, for a total value of $500,378.62. Following the completion of the sale, the chief operating officer now owns 421,733 shares of the company’s stock, valued at approximately $27,218,647.82. This trade represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 234,109 shares of company stock worth $15,778,781. 13.02% of the stock is currently owned by insiders.

Intapp Price Performance

Shares of Intapp stock opened at $57.21 on Tuesday. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of -197.27 and a beta of 0.76. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $77.74. The stock has a 50-day simple moving average of $67.62 and a 200-day simple moving average of $58.90.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. As a group, equities research analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Raymond James restated a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Citigroup restated a “neutral” rating and issued a $78.00 target price (down previously from $87.00) on shares of Intapp in a report on Thursday, January 16th. Stifel Nicolaus lifted their price target on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Truist Financial increased their price objective on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, JPMorgan Chase & Co. upped their target price on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Intapp currently has an average rating of “Moderate Buy” and a consensus target price of $66.45.

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.