Intapp, Inc. (NASDAQ:INTA) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund grew its position in Intapp, Inc. (NASDAQ:INTA) by 26.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 280,102 shares of the company’s stock after acquiring an additional 58,294 shares during the period. New York State Common Retirement Fund owned about 0.36% of Intapp worth $17,952,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in INTA. Raleigh Capital Management Inc. purchased a new stake in shares of Intapp in the fourth quarter valued at about $25,000. Farther Finance Advisors LLC boosted its holdings in Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 527 shares in the last quarter. Quest Partners LLC purchased a new stake in Intapp in the 3rd quarter valued at approximately $54,000. Financial Management Professionals Inc. purchased a new stake in shares of Intapp in the third quarter valued at approximately $57,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Intapp in the third quarter valued at approximately $64,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Intapp Stock Down 4.7 %

Shares of NASDAQ:INTA opened at $66.11 on Friday. The company has a market cap of $5.25 billion, a P/E ratio of -227.96 and a beta of 0.74. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $77.74. The business has a fifty day simple moving average of $68.13 and a 200-day simple moving average of $56.78.

Intapp (NASDAQ:INTA) last posted 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 expect that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Activity at Intapp

In other Intapp news, insider Michele Murgel sold 7,531 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 $518,358.73. Following the completion of the sale, the insider now owns 223,945 shares of the company’s stock, valued at approximately $15,414,134.35. The trade was a 3.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Donald F. Coleman sold 12,601 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $867,326.83. Following the sale, the chief operating officer now directly owns 438,721 shares of the company’s stock, valued at approximately $30,197,166.43. This trade represents a 2.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 287,688 shares of company stock worth $19,019,774. 13.02% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

INTA has been the topic of several research analyst reports. UBS Group boosted their target price on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Barclays boosted their price objective on shares of Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Stifel Nicolaus boosted their price objective on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Raymond James reissued a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Finally, Piper Sandler reissued an “overweight” rating and set a $71.00 price target (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.