Intapp, Inc. (NASDAQ:INTA) Shares Purchased by Voya Investment Management LLC

Voya Investment Management LLC boosted its holdings in shares of Intapp, Inc. (NASDAQ:INTA) by 678.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,087 shares of the company’s stock after buying an additional 86,364 shares during the quarter. Voya Investment Management LLC owned 0.12% of Intapp worth $6,350,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. purchased a new stake in shares of Intapp during the fourth quarter worth approximately $25,000. Global Retirement Partners LLC acquired a new stake in shares of Intapp in the 4th quarter valued at $25,000. SBI Securities Co. Ltd. purchased a new stake in shares of Intapp during the 4th quarter worth $32,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Intapp during the third quarter worth $64,000. Finally, Huntington National Bank increased its holdings in Intapp by 53.2% in the fourth 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. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Intapp Stock Up 0.8 %

INTA opened at $54.55 on Wednesday. The business has a 50 day moving average price of $57.91 and a two-hundred day moving average price of $61.27. Intapp, Inc. has a 52 week low of $30.42 and a 52 week high of $77.74. The company has a market cap of $4.33 billion, a PE ratio of -188.10 and a beta of 0.82.

Intapp (NASDAQ:INTA) last issued its quarterly 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 return on equity of 1.86% and a negative net margin of 4.78%. As a group, sell-side analysts expect that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on INTA. Citigroup reaffirmed a “neutral” rating on shares of Intapp in a report on Monday, April 21st. Barclays dropped their price target on shares of Intapp from $68.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. Raymond James restated a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. UBS Group increased their target price on shares of Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, Piper Sandler reiterated an “overweight” rating and set a $71.00 price target (up from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $64.00.

Insider Activity

In other news, insider Michele Murgel sold 7,531 shares of Intapp stock in a transaction that occurred on Thursday, February 20th. The shares were 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 directly owns 223,945 shares in the company, valued at approximately $15,414,134.35. This trade represents a 3.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thad Jampol sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $57.15, for a total value of $1,143,000.00. Following the completion of the sale, the insider now owns 857,250 shares in the company, valued at approximately $48,991,837.50. This represents a 2.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 274,755 shares of company stock valued at $17,088,761 in the last three months. 13.02% of the stock is currently 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.