AtonRa Partners Has $342,000 Position in Intapp, Inc. (NASDAQ:INTA)

AtonRa Partners reduced its stake in shares of Intapp, Inc. (NASDAQ:INTA) by 24.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,985 shares of the company’s stock after selling 2,912 shares during the quarter. AtonRa Partners’ holdings in Intapp were worth $342,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of INTA. Ellsworth Advisors LLC lifted its holdings in shares of Intapp by 3.0% during the 4th quarter. Ellsworth Advisors LLC now owns 8,821 shares of the company’s stock valued at $335,000 after purchasing an additional 255 shares in the last quarter. Keybank National Association OH lifted its holdings in shares of Intapp by 7.1% during the 3rd quarter. Keybank National Association OH now owns 8,257 shares of the company’s stock valued at $277,000 after purchasing an additional 544 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Intapp by 0.5% during the 3rd quarter. Nordea Investment Management AB now owns 130,893 shares of the company’s stock valued at $4,417,000 after purchasing an additional 641 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Intapp by 30.5% during the 3rd quarter. Amalgamated Bank now owns 3,033 shares of the company’s stock valued at $102,000 after purchasing an additional 708 shares in the last quarter. Finally, Spouting Rock Asset Management LLC lifted its holdings in shares of Intapp by 10.4% during the 3rd quarter. Spouting Rock Asset Management LLC now owns 11,327 shares of the company’s stock valued at $380,000 after purchasing an additional 1,065 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intapp

In related news, COO Donald F. Coleman sold 5,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $44.11, for a total transaction of $220,550.00. Following the sale, the chief operating officer now owns 612,011 shares in the company, valued at approximately $26,995,805.21. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CMO Scott Fitzgerald sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $43.36, for a total transaction of $173,440.00. Following the transaction, the chief marketing officer now directly owns 29,568 shares of the company’s stock, valued at approximately $1,282,068.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Donald F. Coleman sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $44.11, for a total value of $220,550.00. Following the transaction, the chief operating officer now directly owns 612,011 shares in the company, valued at $26,995,805.21. The disclosure for this sale can be found here. Insiders have sold a total of 7,115,704 shares of company stock worth $258,482,725 in the last 90 days. Corporate insiders own 36.56% of the company’s stock.

Intapp Price Performance

INTA stock traded down $0.01 during midday trading on Monday, reaching $31.87. 415,961 shares of the stock were exchanged, compared to its average volume of 599,559. The stock has a market capitalization of $2.33 billion, a PE ratio of -39.84 and a beta of 0.51. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $50.46. The company has a fifty day moving average price of $34.37 and a 200 day moving average price of $37.29.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, February 6th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. Intapp had a negative return on equity of 12.98% and a negative net margin of 13.81%. The firm had revenue of $103.93 million for the quarter, compared to analyst estimates of $103.17 million. As a group, analysts anticipate that Intapp, Inc. will post -0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

INTA has been the topic of several research reports. Piper Sandler restated an “overweight” rating and issued a $52.00 target price on shares of Intapp in a research note on Monday, February 26th. Stifel Nicolaus cut their target price on Intapp from $47.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Truist Financial boosted their target price on Intapp from $46.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Barclays lowered their price target on Intapp from $47.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. Finally, Citigroup lowered their price target on Intapp from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $48.44.

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.