Susquehanna Fundamental Investments LLC Raises Position in Intapp, Inc. (NASDAQ:INTA)

Susquehanna Fundamental Investments LLC lifted its holdings in Intapp, Inc. (NASDAQ:INTA) by 384.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,718 shares of the company’s stock after purchasing an additional 55,318 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Intapp were worth $2,557,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp boosted its holdings in Intapp by 634.0% in the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after acquiring an additional 615 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Intapp by 239.1% in the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after purchasing an additional 581 shares during the last quarter. Blue Trust Inc. purchased a new position in shares of Intapp in the 2nd quarter valued at approximately $30,000. Comerica Bank boosted its stake in Intapp by 218.4% in the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after purchasing an additional 865 shares in the last quarter. Finally, Covestor Ltd grew its position in Intapp by 52.0% during the 1st quarter. Covestor Ltd now owns 2,395 shares of the company’s stock worth $82,000 after purchasing an additional 819 shares during the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Intapp Stock Up 0.6 %

Intapp stock opened at $47.83 on Tuesday. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $51.80. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of -78.41 and a beta of 0.65. The business’s 50-day moving average price is $41.83 and its 200 day moving average price is $36.99.

Intapp (NASDAQ:INTA) last posted its earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. Intapp had a negative net margin of 7.44% and a negative return on equity of 5.36%. The firm had revenue of $114.38 million during the quarter, compared to analyst estimates of $111.58 million. During the same period in the previous year, the firm earned ($0.14) EPS. The business’s quarterly revenue was up 20.9% on a year-over-year basis. Equities analysts expect that Intapp, Inc. will post -0.15 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on INTA shares. Barclays raised their price target on shares of Intapp from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, August 14th. Stifel Nicolaus lifted their price target on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Piper Sandler reissued an “overweight” rating and issued a $46.00 price objective on shares of Intapp in a report on Wednesday, August 14th. Citigroup lifted their target price on Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Finally, Bank of America cut their price target on shares of Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $50.00.

Insiders Place Their Bets

In other news, COO Donald F. Coleman sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $34.94, for a total transaction of $174,700.00. Following the sale, the chief operating officer now directly owns 648,411 shares in the company, valued at approximately $22,655,480.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Intapp news, COO Donald F. Coleman sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $34.94, for a total transaction of $174,700.00. Following the transaction, the chief operating officer now owns 648,411 shares in the company, valued at $22,655,480.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Donald F. Coleman sold 58,003 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $49.31, for a total value of $2,860,127.93. Following the completion of the sale, the chief operating officer now directly owns 668,239 shares in the company, valued at $32,950,865.09. The disclosure for this sale can be found here. Over the last quarter, insiders sold 141,239 shares of company stock worth $6,674,331. Company insiders own 36.56% of the company’s stock.

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.