Thoroughbred Financial Services LLC Acquires New Holdings in Intapp, Inc. (NASDAQ:INTA)

Thoroughbred Financial Services LLC bought a new position in shares of Intapp, Inc. (NASDAQ:INTA) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 6,039 shares of the company’s stock, valued at approximately $387,000.

Other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in Intapp in the 4th quarter valued at $25,000. Raleigh Capital Management Inc. acquired a new stake in shares of Intapp in the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. bought a new stake in shares of Intapp in the fourth quarter valued at about $32,000. Wilmington Savings Fund Society FSB bought a new position in shares of Intapp during the third quarter worth about $64,000. Finally, Huntington National Bank raised its position in Intapp by 53.2% in the 4th quarter. Huntington National Bank now owns 1,474 shares of the company’s stock valued at $94,000 after buying an additional 512 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Insider Activity

In related news, insider Thad Jampol sold 20,000 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $61.85, for a total value of $1,237,000.00. Following the transaction, the insider now directly owns 828,197 shares in the company, valued at approximately $51,223,984.45. This represents a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michele Murgel sold 7,531 shares of the firm’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 transaction, the insider now directly owns 223,945 shares in the company, valued at approximately $15,414,134.35. This represents a 3.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 294,755 shares of company stock valued at $18,325,761. 13.02% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on INTA. Stifel Nicolaus upped their price target on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Piper Sandler reaffirmed an “overweight” rating and issued a $71.00 target price (up previously from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Barclays boosted their price target on shares of Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. UBS Group lifted their target price on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, Citigroup reissued a “neutral” rating and set a $78.00 price target (down from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.45.

Intapp Price Performance

Shares of Intapp stock opened at $50.95 on Monday. The business has a fifty day simple moving average of $65.12 and a two-hundred day simple moving average of $60.82. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $77.74. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of -175.68 and a beta of 0.82.

Intapp (NASDAQ:INTA) last posted its earnings results 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 return on equity of 1.86% and a negative net margin of 4.78%. As a group, equities analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

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.