Arrowstreet Capital Limited Partnership Acquires 579,075 Shares of Intapp, Inc. (NASDAQ:INTA)

Arrowstreet Capital Limited Partnership lifted its holdings in shares of Intapp, Inc. (NASDAQ:INTA) by 408.0% during the 4th quarter, Holdings Channel reports. The firm owned 720,994 shares of the company’s stock after purchasing an additional 579,075 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Intapp were worth $46,209,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Raleigh Capital Management Inc. bought a new position in shares of Intapp during the 4th quarter worth approximately $25,000. Global Retirement Partners LLC acquired a new stake in Intapp in the fourth quarter worth $25,000. SBI Securities Co. Ltd. bought a new stake in Intapp in the fourth quarter valued at $32,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Intapp during the third quarter valued at about $64,000. Finally, OFI Invest Asset Management bought a new position in shares of Intapp during the 4th quarter worth about $102,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insider Buying and Selling

In other Intapp news, insider Michele Murgel sold 1,962 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $60.00, for a total value of $117,720.00. Following the completion of the sale, the insider now directly owns 182,462 shares of the company’s stock, valued at $10,947,720. This trade represents a 1.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO John T. Hall sold 33,227 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $2,287,014.41. Following the completion of the sale, the chief executive officer now owns 5,258,576 shares in the company, valued at approximately $361,947,786.08. The trade was a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 184,827 shares of company stock worth $11,825,658. Insiders own 13.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on INTA. Truist Financial upped their price target on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Stifel Nicolaus increased their target price on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. boosted their price target on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Piper Sandler reaffirmed an “overweight” rating and issued a $71.00 price objective (up from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Finally, Raymond James reissued a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Intapp has an average rating of “Moderate Buy” and a consensus price target of $66.45.

Intapp Stock Up 1.8 %

Shares of NASDAQ INTA opened at $59.44 on Wednesday. The company has a market capitalization of $4.72 billion, a PE ratio of -204.96 and a beta of 0.76. The stock’s 50 day moving average price is $66.02 and its 200-day moving average price is $60.66. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $77.74.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts expect that Intapp, Inc. will post -0.14 EPS for the current fiscal 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.