Teacher Retirement System of Texas Acquires 59,417 Shares of Intapp, Inc. (NASDAQ:INTA)

Teacher Retirement System of Texas boosted its stake in Intapp, Inc. (NASDAQ:INTA) by 837.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,513 shares of the company’s stock after purchasing an additional 59,417 shares during the period. Teacher Retirement System of Texas owned about 0.08% of Intapp worth $4,263,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Luxor Capital Group LP acquired a new stake in shares of Intapp in the third quarter valued at about $47,837,000. FMR LLC increased its position in Intapp by 7.8% during the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock valued at $270,668,000 after purchasing an additional 411,434 shares during the period. Loomis Sayles & Co. L P raised its holdings in Intapp by 29.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after purchasing an additional 343,275 shares during the last quarter. Praesidium Investment Management Company LLC lifted its position in shares of Intapp by 15.3% in the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock worth $92,316,000 after purchasing an additional 256,327 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Intapp in the 4th quarter valued at $12,870,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Intapp

In related news, insider Michele Murgel sold 1,962 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $60.00, for a total transaction of $117,720.00. Following the completion of the sale, the insider now owns 182,462 shares in the company, valued at approximately $10,947,720. This represents a 1.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CMO Scott Fitzgerald sold 3,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $64.38, for a total value of $193,140.00. Following the transaction, the chief marketing officer now owns 39,212 shares in the company, valued at approximately $2,524,468.56. This trade represents a 7.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 184,827 shares of company stock valued at $11,825,658 over the last ninety days. 13.02% of the stock is currently owned by insiders.

Intapp Trading Up 1.1 %

INTA opened at $61.62 on Tuesday. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $77.74. The company has a market cap of $4.89 billion, a price-to-earnings ratio of -212.48 and a beta of 0.76. The company’s fifty day moving average price is $66.81 and its two-hundred day moving average price is $59.96.

Intapp (NASDAQ:INTA) last posted its earnings results on Tuesday, February 4th. The company reported ($0.08) EPS 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, equities analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on INTA shares. Stifel Nicolaus boosted their target price on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Piper Sandler reissued an “overweight” rating and issued a $71.00 price objective (up from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. JPMorgan Chase & Co. raised their target price on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. UBS Group boosted their price target on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Finally, Raymond James reaffirmed a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.45.

Intapp Company 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.