Quest Partners LLC Purchases Shares of 1,137 Intapp, Inc. (NASDAQ:INTA)

Quest Partners LLC acquired a new position in shares of Intapp, Inc. (NASDAQ:INTA) in the 3rd quarter, HoldingsChannel reports. The firm acquired 1,137 shares of the company’s stock, valued at approximately $54,000.

Several other hedge funds also recently modified their holdings of INTA. Advisors Asset Management Inc. grew its position in Intapp by 239.1% during the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after acquiring an additional 581 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Intapp by 48.3% during the first quarter. California State Teachers Retirement System now owns 43,412 shares of the company’s stock worth $1,489,000 after purchasing an additional 14,138 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Intapp by 766.2% in the first quarter. Jane Street Group LLC now owns 166,456 shares of the company’s stock valued at $5,709,000 after buying an additional 147,240 shares in the last quarter. Comerica Bank raised its holdings in shares of Intapp by 218.4% in the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after buying an additional 865 shares during the last quarter. Finally, Simplicity Wealth LLC bought a new position in shares of Intapp in the second quarter valued at about $228,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analysts Set New Price Targets

INTA has been the subject of a number of research analyst reports. Raymond James boosted their target price on shares of Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Piper Sandler restated an “overweight” rating and issued a $60.00 price objective (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Stifel Nicolaus upped their price objective on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. UBS Group lifted their target price on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Finally, Truist Financial reaffirmed a “buy” rating and set a $55.00 price target (up previously from $47.00) on shares of Intapp in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.55.

Insider Activity

In other news, insider Thad Jampol sold 31,666 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $49.09, for a total transaction of $1,554,483.94. Following the transaction, the insider now owns 772,412 shares in the company, valued at approximately $37,917,705.08. This trade represents a 3.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Scott Fitzgerald sold 5,221 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $59.30, for a total transaction of $309,605.30. Following the completion of the sale, the chief marketing officer now directly owns 46,552 shares of the company’s stock, valued at approximately $2,760,533.60. The trade was a 10.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 390,215 shares of company stock valued at $21,267,180. 13.02% of the stock is owned by company insiders.

Intapp Trading Up 4.0 %

Shares of NASDAQ INTA opened at $62.55 on Friday. The company has a fifty day moving average price of $52.58 and a 200 day moving average price of $43.15. The firm has a market cap of $4.84 billion, a PE ratio of -215.69 and a beta of 0.64. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $64.56.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The firm had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. During the same period in the previous year, the business earned ($0.20) EPS. The company’s revenue was up 17.0% compared to the same quarter last year. Equities research analysts forecast that Intapp, Inc. will post -0.14 EPS for the current 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.