Knights of Columbus Asset Advisors LLC Acquires New Holdings in Intapp, Inc. $INTA

Knights of Columbus Asset Advisors LLC bought a new stake in Intapp, Inc. (NASDAQ:INTA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 34,022 shares of the company’s stock, valued at approximately $1,232,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fulcrum Asset Management LLP increased its holdings in shares of Intapp by 546.1% during the third quarter. Fulcrum Asset Management LLP now owns 6,933 shares of the company’s stock worth $244,000 after buying an additional 5,860 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Intapp by 4.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 11,257 shares of the company’s stock valued at $423,000 after acquiring an additional 435 shares during the last quarter. Ethic Inc. acquired a new stake in shares of Intapp during the 3rd quarter valued at $233,000. Kestra Advisory Services LLC acquired a new stake in shares of Intapp during the 3rd quarter valued at $235,000. Finally, Commonwealth Equity Services LLC grew its position in Intapp by 5.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 20,688 shares of the company’s stock worth $749,000 after acquiring an additional 980 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Insider Activity

In related news, insider David Harrison sold 40,284 shares of Intapp stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $45.26, for a total transaction of $1,823,253.84. Following the completion of the transaction, the insider owned 15,599 shares of the company’s stock, valued at $706,010.74. This trade represents a 72.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Thad Jampol sold 4,800 shares of the business’s stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $40.39, for a total transaction of $193,872.00. Following the completion of the transaction, the insider owned 928,585 shares in the company, valued at approximately $37,505,548.15. The trade was a 0.51% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 152,184 shares of company stock valued at $6,400,426. 11.87% of the stock is currently owned by insiders.

Intapp Price Performance

Intapp stock opened at $45.90 on Friday. The stock’s 50 day moving average is $40.59 and its 200 day moving average is $30.49. Intapp, Inc. has a one year low of $19.01 and a one year high of $48.19. The firm has a market cap of $3.52 billion, a P/E ratio of -127.50, a P/E/G ratio of 11.06 and a beta of 0.31.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, October 27th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Intapp had a negative net margin of 4.71% and a negative return on equity of 1.64%. The business had revenue of $161.26 million during the quarter, compared to the consensus estimate of $159.63 million. During the same quarter in the prior year, the firm posted $0.24 EPS. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities analysts anticipate that Intapp, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on INTA shares. Barclays upped their target price on Intapp from $29.00 to $38.00 and gave the stock an “underweight” rating in a report on Monday, October 12th. Zacks Research raised Intapp from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Citigroup lifted their price target on Intapp from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, October 28th. Wall Street Zen upgraded Intapp from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, UBS Group reaffirmed a “mixed” rating on shares of Intapp in a research note on Wednesday, October 28th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Intapp presently has an average rating of “Hold” and a consensus price target of $40.71.

Intapp Company Profile

Intapp provides cloud-based software and artificial intelligence solutions for professional and financial services firms, including legal, accounting, consulting, investment banking and private capital businesses. Its products help organizations manage workflows, client relationships, risk and compliance, collaboration, and timekeeping. The company’s offerings include DealCloud, a platform for relationship management and dealmaking, as well as tools for intake, conflicts management, information barriers, and time capture.