Loomis Sayles & Co. L P Purchases 343,275 Shares of Intapp, Inc. (NASDAQ:INTA)

Loomis Sayles & Co. L P raised its position in Intapp, Inc. (NASDAQ:INTA) by 29.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,492,620 shares of the company’s stock after acquiring an additional 343,275 shares during the period. Loomis Sayles & Co. L P’s holdings in Intapp were worth $71,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Algert Global LLC bought a new stake in Intapp in the 3rd quarter valued at about $468,000. Charles Schwab Investment Management Inc. raised its position in shares of Intapp by 17.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 380,972 shares of the company’s stock valued at $18,222,000 after purchasing an additional 57,497 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Intapp during the 3rd quarter valued at approximately $488,000. Advisors Asset Management Inc. boosted its holdings in Intapp by 59.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock worth $67,000 after buying an additional 519 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Intapp by 55.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 189,601 shares of the company’s stock valued at $9,069,000 after buying an additional 67,912 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Insider Buying and Selling

In other Intapp news, insider Thad Jampol sold 20,000 shares of the stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $45.09, for a total value of $901,800.00. Following the completion of the sale, the insider now owns 772,412 shares in the company, valued at approximately $34,828,057.08. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Donald F. Coleman sold 58,003 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $49.31, for a total value of $2,860,127.93. Following the transaction, the chief operating officer now directly owns 668,239 shares in the company, valued at $32,950,865.09. This trade represents a 7.99 % decrease in their ownership of the stock. 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 over the last three months. 13.02% of the stock is owned by company insiders.

Intapp Price Performance

INTA stock opened at $60.26 on Monday. Intapp, Inc. has a one year low of $30.36 and a one year high of $60.88. The company’s 50 day moving average price is $51.33 and its two-hundred day moving average price is $42.36.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $117.88 million. During the same period in the previous year, the firm posted ($0.20) earnings per share. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Stifel Nicolaus raised their price target on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Citigroup raised their target price on Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Truist Financial reiterated a “buy” rating and set a $55.00 price target (up from $47.00) on shares of Intapp in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price target on shares of Intapp from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, UBS Group upped their price objective on shares of Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.55.

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.