Left Brain Wealth Management LLC Buys New Shares in Intapp, Inc. (NASDAQ:INTA)

Left Brain Wealth Management LLC purchased a new stake in shares of Intapp, Inc. (NASDAQ:INTA) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,300 shares of the company’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of INTA. Luxor Capital Group LP bought a new stake in Intapp during the 3rd quarter valued at $47,837,000. FMR LLC increased its stake in Intapp by 7.8% during the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock valued at $270,668,000 after purchasing an additional 411,434 shares in the last quarter. Loomis Sayles & Co. L P increased its stake in Intapp by 29.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock valued at $71,392,000 after purchasing an additional 343,275 shares in the last quarter. Praesidium Investment Management Company LLC increased its stake in Intapp by 15.3% during the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock valued at $92,316,000 after purchasing an additional 256,327 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Intapp during the 4th quarter valued at $12,870,000. Institutional investors own 89.96% of the company’s stock.

Insider Buying and Selling at Intapp

In other Intapp news, CEO John T. Hall sold 70,986 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $68.83, for a total transaction of $4,885,966.38. Following the sale, the chief executive officer now directly owns 5,026,096 shares of the company’s stock, valued at $345,946,187.68. This represents a 1.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Thad Jampol sold 20,000 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $57.15, for a total transaction of $1,143,000.00. Following the sale, the insider now directly owns 857,250 shares in the company, valued at approximately $48,991,837.50. This trade represents a 2.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 230,447 shares of company stock valued at $15,186,622 over the last three months. 13.02% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on INTA shares. Barclays boosted their price target on shares of Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Piper Sandler reiterated an “overweight” rating and issued a $71.00 target price (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Stifel Nicolaus upped their target price on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. upped their target price on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Citigroup reiterated a “neutral” rating and issued a $78.00 target price (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.45.

Intapp Stock Performance

Shares of NASDAQ:INTA opened at $58.20 on Friday. The company’s 50-day moving average is $67.33 and its 200 day moving average is $59.01. The company has a market capitalization of $4.62 billion, a P/E ratio of -200.68 and a beta of 0.77. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $77.74.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. As a group, research analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current year.

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.