Intapp, Inc. (NASDAQ:INTA) Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC grew its position in shares of Intapp, Inc. (NASDAQ:INTA) by 42.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,952 shares of the company’s stock after purchasing an additional 8,636 shares during the quarter. Lazard Asset Management LLC’s holdings in Intapp were worth $1,855,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in INTA. Invesco Ltd. grew its stake in Intapp by 6,506.1% during the 4th quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock worth $126,931,000 after buying an additional 1,950,526 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Intapp by 11.8% during the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock worth $408,139,000 after acquiring an additional 672,832 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Intapp by 408.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 720,994 shares of the company’s stock valued at $46,209,000 after acquiring an additional 579,075 shares during the period. Lord Abbett & CO. LLC acquired a new position in shares of Intapp in the 4th quarter valued at $30,563,000. Finally, Capital World Investors raised its position in Intapp by 30.3% in the 4th quarter. Capital World Investors now owns 1,701,939 shares of the company’s stock valued at $109,077,000 after purchasing an additional 395,804 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insider Buying and Selling

In related news, CFO David H. Morton, Jr. sold 5,445 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $374,779.35. Following the completion of the transaction, the chief financial officer now directly owns 38,996 shares of the company’s stock, valued at $2,684,094.68. This trade represents a 12.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thad Jampol sold 112,928 shares of Intapp stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $59.27, for a total value of $6,693,242.56. Following the transaction, the insider now directly owns 857,250 shares of the company’s stock, valued at approximately $50,809,207.50. This represents a 11.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 279,755 shares of company stock valued at $17,372,011. Corporate insiders own 13.02% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on INTA shares. UBS Group dropped their price objective on shares of Intapp from $92.00 to $83.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. Stifel Nicolaus reduced their price objective on Intapp from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. Piper Sandler decreased their price objective on Intapp from $71.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, May 7th. Barclays dropped their target price on Intapp from $68.00 to $60.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Finally, Truist Financial decreased their price target on Intapp from $80.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Intapp currently has an average rating of “Moderate Buy” and an average target price of $66.89.

Intapp Price Performance

INTA opened at $58.28 on Friday. Intapp, Inc. has a 12 month low of $31.08 and a 12 month high of $77.74. The stock has a market capitalization of $4.72 billion, a P/E ratio of -200.96 and a beta of 0.84. The business has a 50 day simple moving average of $56.01 and a 200-day simple moving average of $61.83.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, May 6th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. The company had revenue of $129.07 million during the quarter, compared to the consensus estimate of $128.84 million. During the same quarter last year, the company earned $0.14 earnings per share. Intapp’s quarterly revenue was up 16.7% compared to the same quarter last year. Research analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current year.

About Intapp

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.