Teacher Retirement System of Texas Acquires 59,417 Shares of Intapp, Inc. (NASDAQ:INTA)

Teacher Retirement System of Texas increased its holdings in shares of Intapp, Inc. (NASDAQ:INTA) by 837.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 66,513 shares of the company’s stock after buying an additional 59,417 shares during the quarter. Teacher Retirement System of Texas’ holdings in Intapp were worth $4,263,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raleigh Capital Management Inc. purchased a new stake in shares of Intapp during the 4th quarter valued at $25,000. Global Retirement Partners LLC purchased a new stake in Intapp during the fourth quarter worth about $25,000. SBI Securities Co. Ltd. purchased a new stake in Intapp during the fourth quarter worth about $32,000. Quest Partners LLC bought a new stake in Intapp in the third quarter worth about $54,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Intapp in the third quarter valued at about $64,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Insider Activity at Intapp

In other news, CEO John T. Hall sold 33,227 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $2,287,014.41. Following the completion of the transaction, the chief executive officer now owns 5,258,576 shares of the company’s stock, valued at approximately $361,947,786.08. The trade was a 0.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Scott Fitzgerald sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $64.38, for a total transaction of $193,140.00. Following the completion of the transaction, the chief marketing officer now owns 39,212 shares in the company, valued at approximately $2,524,468.56. This trade represents a 7.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 184,827 shares of company stock valued at $11,825,658. Company insiders own 13.02% of the company’s stock.

Intapp Trading Up 1.1 %

INTA stock opened at $61.62 on Tuesday. The firm has a 50 day moving average of $66.81 and a 200-day moving average of $59.96. The firm has a market capitalization of $4.89 billion, a P/E ratio of -212.48 and a beta of 0.76. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $77.74.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) 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%. Sell-side analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on INTA shares. JPMorgan Chase & Co. lifted their price target on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Barclays boosted their target price on Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Stifel Nicolaus increased their price target on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Citigroup reaffirmed a “neutral” rating and set a $78.00 price objective (down from $87.00) on shares of Intapp in a report on Thursday, January 16th. Finally, UBS Group lifted their target price on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Intapp currently has an average rating of “Moderate Buy” and a consensus price target of $66.45.

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.