5,372 Shares in Intapp, Inc. (NASDAQ:INTA) Purchased by Arizona State Retirement System

Arizona State Retirement System acquired a new position in Intapp, Inc. (NASDAQ:INTA) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,372 shares of the company’s stock, valued at approximately $225,000.

Several other hedge funds have also recently bought and sold shares of INTA. Federated Hermes Inc. purchased a new stake in Intapp in the 1st quarter worth about $22,484,000. Vanguard Group Inc. raised its stake in shares of Intapp by 49.1% during the 1st quarter. Vanguard Group Inc. now owns 1,403,517 shares of the company’s stock worth $33,698,000 after purchasing an additional 462,248 shares in the last quarter. United Capital Financial Advisers LLC purchased a new stake in shares of Intapp during the 1st quarter worth about $6,428,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Intapp during the 1st quarter worth about $11,468,000. Finally, BlackRock Inc. raised its stake in shares of Intapp by 18.2% during the 1st quarter. BlackRock Inc. now owns 1,192,545 shares of the company’s stock worth $53,474,000 after purchasing an additional 183,768 shares in the last quarter.

Insider Activity

In other news, CEO John T. Hall sold 69,074 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $35.07, for a total transaction of $2,422,425.18. Following the sale, the chief executive officer now directly owns 4,472,336 shares in the company, valued at $156,844,823.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Intapp news, insider Thad Jampol sold 3,976 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $34.89, for a total value of $138,722.64. Following the sale, the insider now directly owns 690,604 shares in the company, valued at $24,095,173.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John T. Hall sold 69,074 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $35.07, for a total value of $2,422,425.18. Following the completion of the sale, the chief executive officer now owns 4,472,336 shares in the company, valued at $156,844,823.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 195,216 shares of company stock worth $6,817,558. Company insiders own 36.56% of the company’s stock.

Wall Street Analysts Forecast Growth

INTA has been the subject of a number of recent research reports. UBS Group initiated coverage on Intapp in a research note on Tuesday. They set a “buy” rating and a $45.00 price target for the company. Oppenheimer cut their price target on Intapp from $54.00 to $48.00 and set an “outperform” rating for the company in a research note on Thursday, September 7th. Barclays started coverage on Intapp in a research note on Wednesday, September 6th. They issued an “overweight” rating and a $43.00 price objective on the stock. Finally, Piper Sandler cut their price objective on Intapp from $49.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, September 8th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Intapp presently has a consensus rating of “Buy” and a consensus target price of $43.64.

Intapp Stock Down 4.2 %

INTA opened at $37.43 on Friday. The firm has a market capitalization of $2.59 billion, a P/E ratio of -38.19 and a beta of 0.61. The stock’s 50 day moving average price is $34.90 and its two-hundred day moving average price is $38.39. Intapp, Inc. has a 12-month low of $20.57 and a 12-month high of $50.46.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Wednesday, September 6th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The business had revenue of $94.62 million for the quarter, compared to analysts’ expectations of $93.14 million. Intapp had a negative return on equity of 18.75% and a negative net margin of 17.35%. Intapp’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.29) earnings per share. As a group, analysts anticipate that Intapp, Inc. will post -0.74 earnings per share for the current year.

Intapp 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.