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

Lazard Asset Management LLC raised its stake in Intapp, Inc. (NASDAQ:INTA) by 42.5% in the fourth quarter, HoldingsChannel.com reports. 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 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Barclays PLC boosted its position in Intapp by 90.1% during the third quarter. Barclays PLC now owns 106,781 shares of the company’s stock worth $5,108,000 after acquiring an additional 50,607 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Intapp in the fourth quarter valued at $378,000. Raleigh Capital Management Inc. purchased a new position in Intapp during the fourth quarter worth about $25,000. Blue Trust Inc. boosted its stake in Intapp by 36.0% in the 4th quarter. Blue Trust Inc. now owns 2,908 shares of the company’s stock worth $186,000 after buying an additional 769 shares during the last quarter. Finally, KBC Group NV boosted its stake in Intapp by 92.4% in the 4th quarter. KBC Group NV now owns 2,641 shares of the company’s stock worth $169,000 after buying an additional 1,268 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insider Transactions at Intapp

In other news, insider Thad Jampol sold 112,928 shares of Intapp stock in a transaction that occurred on Wednesday, April 2nd. The shares were 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 $50,809,207.50. This trade represents a 11.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michele Murgel sold 1,962 shares of Intapp stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $60.00, for a total transaction of $117,720.00. Following the transaction, the insider now owns 182,462 shares in the company, valued at approximately $10,947,720. The trade was a 1.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 279,755 shares of company stock valued at $17,372,011 in the last three months. 13.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on INTA. Piper Sandler lowered their target price on shares of Intapp from $71.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, May 7th. Stifel Nicolaus lowered their price objective on shares of Intapp from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. Citigroup restated a “neutral” rating on shares of Intapp in a report on Monday, April 21st. Barclays reduced 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, UBS Group dropped their price target on Intapp from $92.00 to $83.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.89.

Intapp Trading Up 2.4%

Shares of NASDAQ:INTA opened at $58.28 on Friday. The company has a 50 day moving average of $56.01 and a 200-day moving average of $61.83. The firm has a market cap of $4.72 billion, a P/E ratio of -200.96 and a beta of 0.84. Intapp, Inc. has a twelve month low of $31.08 and a twelve month high of $77.74.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $129.07 million during the quarter, compared to analysts’ expectations of $128.84 million. During the same quarter last year, the business posted $0.14 earnings per share. The company’s quarterly revenue was up 16.7% on a year-over-year basis. Equities research analysts forecast 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.