Arrowstreet Capital Limited Partnership Purchases 579,075 Shares of Intapp, Inc. (NASDAQ:INTA)

Arrowstreet Capital Limited Partnership lifted its position in shares of Intapp, Inc. (NASDAQ:INTA) by 408.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 720,994 shares of the company’s stock after purchasing an additional 579,075 shares during the period. Arrowstreet Capital Limited Partnership owned 0.91% of Intapp worth $46,209,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Luxor Capital Group LP bought a new position in Intapp during the 3rd quarter worth $47,837,000. Vanguard Group Inc. raised its stake in Intapp by 11.8% in the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock worth $408,139,000 after purchasing an additional 672,832 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Intapp by 92.3% in the 4th quarter. Prudential Financial Inc. now owns 669,277 shares of the company’s stock valued at $42,894,000 after purchasing an additional 321,329 shares during the period. Praesidium Investment Management Company LLC grew its position in shares of Intapp by 15.3% during 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 in the last quarter. Finally, Artisan Partners Limited Partnership increased its holdings in shares of Intapp by 36.4% during the fourth quarter. Artisan Partners Limited Partnership now owns 906,858 shares of the company’s stock worth $58,121,000 after purchasing an additional 241,862 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

Intapp Stock Performance

Shares of INTA opened at $59.44 on Wednesday. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $77.74. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of -204.96 and a beta of 0.76. The stock has a fifty day moving average of $66.02 and a 200-day moving average of $60.66.

Intapp (NASDAQ:INTA) last announced its quarterly 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%. As a group, equities analysts forecast that Intapp, Inc. will post -0.14 EPS for the current year.

Insider Buying and Selling at Intapp

In other Intapp news, insider Thad Jampol sold 20,000 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $61.85, for a total value of $1,237,000.00. Following the sale, the insider now owns 828,197 shares in the company, valued at approximately $51,223,984.45. The trade was a 2.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Scott Fitzgerald sold 3,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was 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 of the company’s stock, valued at $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. In the last ninety days, insiders sold 184,827 shares of company stock worth $11,825,658. 13.02% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Piper Sandler reiterated an “overweight” rating and issued a $71.00 price target (up from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Stifel Nicolaus increased their target price on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Truist Financial boosted their price target on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. increased their price objective on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Raymond James restated a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Four equities research 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, Intapp has an average rating of “Moderate Buy” and an average target price of $66.45.

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.