Federated Hermes Inc. Has $286,000 Stock Holdings in Intapp, Inc. (NASDAQ:INTA)

Federated Hermes Inc. raised its stake in Intapp, Inc. (NASDAQ:INTA) by 9.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,805 shares of the company’s stock after buying an additional 694 shares during the period. Federated Hermes Inc.’s holdings in Intapp were worth $286,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of INTA. J.Safra Asset Management Corp lifted its stake in shares of Intapp by 634.0% in the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after acquiring an additional 615 shares during the last quarter. Advisors Asset Management Inc. raised its position in Intapp by 239.1% in the first 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. acquired a new stake in shares of Intapp during the second quarter valued at about $30,000. Comerica Bank grew its holdings in shares of Intapp by 218.4% during the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after purchasing an additional 865 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of Intapp by 164.6% in the fourth quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock valued at $50,000 after buying an additional 815 shares during the period. Institutional investors own 89.96% of the company’s stock.

Intapp Stock Performance

Shares of INTA opened at $50.30 on Wednesday. The firm has a market cap of $3.69 billion, a PE ratio of -82.46 and a beta of 0.65. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $50.78. The business’s 50 day moving average price is $40.81 and its two-hundred day moving average price is $36.57.

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

Insiders Place Their Bets

In other news, COO Donald F. Coleman sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $36.49, for a total transaction of $182,450.00. Following the completion of the sale, the chief operating officer now owns 648,411 shares in the company, valued at $23,660,517.39. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Intapp news, insider Thad Jampol sold 15,000 shares of Intapp stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $34.92, for a total transaction of $523,800.00. Following the completion of the transaction, the insider now owns 749,652 shares in the company, valued at approximately $26,177,847.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Donald F. Coleman sold 5,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $36.49, for a total value of $182,450.00. Following the completion of the sale, the chief operating officer now directly owns 648,411 shares of the company’s stock, valued at $23,660,517.39. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 114,669 shares of company stock worth $5,295,562. Corporate insiders own 36.56% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on INTA shares. Piper Sandler reiterated an “overweight” rating and set a $46.00 target price on shares of Intapp in a research report on Wednesday, August 14th. Barclays boosted their price objective on shares of Intapp from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 14th. UBS Group raised their target price on Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Citigroup upped their price target on Intapp from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Stifel Nicolaus raised their price objective on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Intapp presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.78.

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.