Intapp, Inc. (NASDAQ:INTA) Stake Increased by Federated Hermes Inc.

Federated Hermes Inc. raised its stake in Intapp, Inc. (NASDAQ:INTA) by 198.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 133,666 shares of the company’s stock after purchasing an additional 88,841 shares during the period. Federated Hermes Inc. owned 0.17% of Intapp worth $8,567,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of INTA. Russell Investments Group Ltd. increased its holdings in Intapp by 33,057.7% in the fourth quarter. Russell Investments Group Ltd. now owns 8,621 shares of the company’s stock valued at $560,000 after buying an additional 8,595 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Intapp by 47.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 46,616 shares of the company’s stock valued at $2,988,000 after acquiring an additional 15,079 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Intapp by 79.4% during the fourth quarter. Wells Fargo & Company MN now owns 30,607 shares of the company’s stock worth $1,962,000 after purchasing an additional 13,543 shares during the last quarter. Thoroughbred Financial Services LLC acquired a new position in Intapp in the fourth quarter worth $387,000. Finally, Bryce Point Capital LLC bought a new stake in Intapp during the fourth quarter valued at $1,429,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Raymond James restated a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Truist Financial raised their target price on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Citigroup reaffirmed a “neutral” rating and set a $78.00 target price (down from $87.00) on shares of Intapp in a report on Thursday, January 16th. UBS Group raised their price target on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Finally, Barclays upped their price objective on Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $66.45.

Intapp Price Performance

Shares of NASDAQ:INTA opened at $53.77 on Friday. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $77.74. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of -185.41 and a beta of 0.82. The stock’s 50 day moving average price is $63.00 and its 200 day moving average price is $60.82.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share 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%. On average, sell-side analysts expect that Intapp, Inc. will post -0.14 EPS for the current year.

Insider Buying and Selling

In other news, insider Thad Jampol sold 112,928 shares of the business’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $59.27, for a total transaction of $6,693,242.56. Following the sale, the insider now directly owns 857,250 shares of the company’s stock, valued at $50,809,207.50. The trade was a 11.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michele Murgel sold 1,962 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $60.00, for a total value of $117,720.00. Following the sale, the insider now directly owns 182,462 shares of the company’s stock, valued at approximately $10,947,720. This represents a 1.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 274,755 shares of company stock worth $17,088,761 in the last ninety days. 13.02% of the stock is currently owned by corporate insiders.

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.