Bamco Inc. NY Buys 34,409 Shares of Intapp, Inc. (NASDAQ:INTA)

Bamco Inc. NY increased its stake in shares of Intapp, Inc. (NASDAQ:INTA) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,850,455 shares of the company’s stock after buying an additional 34,409 shares during the quarter. Bamco Inc. NY’s holdings in Intapp were worth $136,337,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. FMR LLC raised its stake in Intapp by 7.8% during the third quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after acquiring an additional 411,434 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings in shares of Intapp by 29.9% in 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. Clearbridge Investments LLC increased its position in shares of Intapp by 64.0% during the 2nd quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock worth $28,319,000 after purchasing an additional 301,238 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Intapp by 18.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 686,496 shares of the company’s stock valued at $25,173,000 after purchasing an additional 106,668 shares during the last quarter. Finally, TimesSquare Capital Management LLC boosted its position in Intapp by 27.6% in the third quarter. TimesSquare Capital Management LLC now owns 545,160 shares of the company’s stock valued at $26,075,000 after buying an additional 117,795 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Intapp Trading Up 4.0 %

Intapp stock opened at $62.55 on Monday. The company has a market cap of $4.84 billion, a PE ratio of -215.69 and a beta of 0.64. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $64.56. The company’s 50-day moving average is $52.58 and its two-hundred day moving average is $43.15.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share 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 business had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. During the same period in the prior year, the business posted ($0.20) earnings per share. Intapp’s revenue was up 17.0% compared to the same quarter last year. Research analysts forecast that Intapp, Inc. will post -0.14 EPS for the current year.

Wall Street Analyst Weigh In

INTA has been the subject of a number of research analyst reports. Truist Financial reiterated a “buy” rating and issued a $55.00 target price (up previously from $47.00) on shares of Intapp in a research note on Tuesday, November 5th. Piper Sandler reiterated an “overweight” rating and issued a $60.00 price objective (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Raymond James increased their target price on Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. raised their target price on Intapp from $52.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus upped their price target on shares of Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $53.55.

Insider Transactions at Intapp

In other news, CFO David H. Morton, Jr. sold 4,204 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $59.97, for a total value of $252,113.88. Following the completion of the sale, the chief financial officer now directly owns 27,331 shares of the company’s stock, valued at $1,639,040.07. This represents a 13.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO John T. Hall sold 61,842 shares of Intapp stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $59.68, for a total transaction of $3,690,730.56. Following the transaction, the chief executive officer now directly owns 5,030,432 shares in the company, valued at $300,216,181.76. The trade was a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 390,215 shares of company stock worth $21,267,180 in the last three months. Insiders own 13.02% of the company’s stock.

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.