Mayflower Financial Advisors LLC Acquires New Stake in Intapp, Inc. (NASDAQ:INTA)

Mayflower Financial Advisors LLC purchased a new position in shares of Intapp, Inc. (NASDAQ:INTA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,827 shares of the company’s stock, valued at approximately $250,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Intapp by 42.7% during the first quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock worth $172,002,000 after purchasing an additional 1,501,091 shares during the last quarter. Bamco Inc. NY bought a new stake in Intapp during the first quarter worth about $88,605,000. Praesidium Investment Management Company LLC lifted its stake in Intapp by 9.4% during the fourth quarter. Praesidium Investment Management Company LLC now owns 1,466,281 shares of the company’s stock worth $55,748,000 after purchasing an additional 125,455 shares during the last quarter. GW&K Investment Management LLC lifted its stake in Intapp by 127.5% during the fourth quarter. GW&K Investment Management LLC now owns 1,263,894 shares of the company’s stock worth $48,054,000 after purchasing an additional 708,258 shares during the last quarter. Finally, Clearbridge Investments LLC bought a new stake in Intapp during the first quarter worth about $16,156,000. Institutional investors own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

INTA has been the topic of several analyst reports. Barclays lifted their price objective on Intapp from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, August 14th. UBS Group lifted their price objective on Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Oppenheimer reiterated a “market perform” rating on shares of Intapp in a report on Monday, July 8th. Piper Sandler reiterated an “overweight” rating and issued a $46.00 price objective on shares of Intapp in a report on Wednesday, August 14th. Finally, Bank of America decreased their price objective on Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.11.

Insiders Place Their Bets

In other news, COO Donald F. Coleman sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $36.49, for a total value of $182,450.00. Following the sale, the chief operating officer now directly owns 648,411 shares of the company’s stock, valued at approximately $23,660,517.39. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Thad Jampol sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $34.92, for a total value of $523,800.00. Following the sale, the insider now directly owns 749,652 shares of the company’s stock, valued at approximately $26,177,847.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Donald F. Coleman sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $36.49, for a total value of $182,450.00. Following the completion of the transaction, the chief operating officer now directly owns 648,411 shares in the company, valued at $23,660,517.39. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,000 shares of company stock worth $1,577,850. Company insiders own 36.56% of the company’s stock.

Intapp Stock Performance

INTA stock opened at $43.91 on Friday. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $46.58. The business’s 50 day moving average price is $37.99 and its two-hundred day moving average price is $35.91. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of -71.98 and a beta of 0.61.

Intapp (NASDAQ:INTA) last posted its earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. Intapp had a negative return on equity of 5.36% and a negative net margin of 7.44%. The firm had revenue of $114.38 million for the quarter, compared to the consensus estimate of $111.58 million. During the same quarter in the prior year, the business earned ($0.14) EPS. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. Sell-side analysts forecast that Intapp, Inc. will post -0.15 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.