Loomis Sayles & Co. L P Has $71.39 Million Stock Position in Intapp, Inc. (NASDAQ:INTA)

Loomis Sayles & Co. L P raised its position in shares of Intapp, Inc. (NASDAQ:INTA) by 29.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,492,620 shares of the company’s stock after purchasing an additional 343,275 shares during the quarter. Loomis Sayles & Co. L P owned approximately 1.93% of Intapp worth $71,392,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in shares of Intapp by 1,054.0% during the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after buying an additional 527 shares during the period. J.Safra Asset Management Corp grew its holdings in Intapp by 634.0% during the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after acquiring an additional 615 shares during the period. Advisors Asset Management Inc. raised its position in shares of Intapp by 239.1% in the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after acquiring an additional 581 shares in the last quarter. Blue Trust Inc. bought a new position in shares of Intapp in the 2nd quarter worth about $30,000. Finally, Quest Partners LLC acquired a new position in shares of Intapp in the 3rd quarter valued at about $54,000. Institutional investors own 89.96% of the company’s stock.

Intapp Price Performance

NASDAQ INTA opened at $60.26 on Monday. The business has a fifty day simple moving average of $51.33 and a 200 day simple moving average of $42.36. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $60.88.

Intapp (NASDAQ:INTA) last announced its earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.13 by $0.08. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The company had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. During the same quarter in the prior year, the company posted ($0.20) earnings per share. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Bank of America dropped their price target on Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. UBS Group increased their target price on shares of Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 price target (up from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their price objective on shares of Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus raised their target price on Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $53.55.

Insiders Place Their Bets

In related news, Director Ralph Baxter sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $57.10, for a total transaction of $2,855,000.00. Following the completion of the sale, the director now directly owns 5,624 shares of the company’s stock, valued at approximately $321,130.40. This trade represents a 89.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thad Jampol sold 31,666 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $49.09, for a total value of $1,554,483.94. Following the completion of the transaction, the insider now directly owns 772,412 shares in the company, valued at approximately $37,917,705.08. This represents a 3.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 237,017 shares of company stock valued at $12,156,222 in the last 90 days. 13.02% of the stock is currently owned by corporate insiders.

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.