Renaissance Technologies LLC Acquires 44,100 Shares of Intapp, Inc. (NASDAQ:INTA)

Renaissance Technologies LLC boosted its stake in shares of Intapp, Inc. (NASDAQ:INTA) by 24.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 224,600 shares of the company’s stock after acquiring an additional 44,100 shares during the quarter. Renaissance Technologies LLC owned about 0.28% of Intapp worth $14,395,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Intapp by 11.8% during the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock valued at $408,139,000 after purchasing an additional 672,832 shares during the last quarter. Invesco Ltd. boosted its stake in Intapp by 6,506.1% during the fourth quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock worth $126,931,000 after buying an additional 1,950,526 shares during the period. Alliancebernstein L.P. increased its position in Intapp by 4.0% during the fourth quarter. Alliancebernstein L.P. now owns 1,654,866 shares of the company’s stock valued at $106,060,000 after acquiring an additional 63,443 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Intapp by 18.6% in the fourth quarter. Geode Capital Management LLC now owns 1,247,247 shares of the company’s stock valued at $79,953,000 after acquiring an additional 196,010 shares during the period. Finally, Artisan Partners Limited Partnership lifted its holdings in shares of Intapp by 36.4% in the 4th quarter. Artisan Partners Limited Partnership now owns 906,858 shares of the company’s stock worth $58,121,000 after acquiring an additional 241,862 shares during the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Intapp Trading Up 0.4 %

INTA opened at $52.46 on Tuesday. The business’s fifty day simple moving average is $62.18 and its 200-day simple moving average is $60.95. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of -180.89 and a beta of 0.82. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $77.74.

Intapp (NASDAQ:INTA) last posted its earnings results on Tuesday, February 4th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates 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, equities research analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Analyst Ratings Changes

INTA has been the topic of several analyst reports. Raymond James reiterated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Barclays reduced their price target on Intapp from $68.00 to $60.00 and set an “equal weight” rating on the stock in a report on Monday. Citigroup reissued a “neutral” rating and set a $78.00 price target (down from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Piper Sandler reaffirmed an “overweight” rating and issued a $71.00 price objective (up previously from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Finally, Stifel Nicolaus lifted their target price on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $65.73.

Insider Activity at Intapp

In other news, CEO John T. Hall sold 33,227 shares of Intapp stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $2,287,014.41. Following the transaction, the chief executive officer now directly owns 5,258,576 shares in the company, valued at approximately $361,947,786.08. This trade represents a 0.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michele Murgel sold 7,531 shares of the firm’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 $518,358.73. Following the sale, the insider now directly owns 223,945 shares in the company, valued at approximately $15,414,134.35. The trade was a 3.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 274,755 shares of company stock valued at $17,088,761 over the last ninety days. 13.02% of the stock is owned by company insiders.

Intapp 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.