148,813 Shares in Intapp, Inc. (NASDAQ:INTA) Purchased by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd acquired a new position in shares of Intapp, Inc. (NASDAQ:INTA) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 148,813 shares of the company’s stock, valued at approximately $7,118,000. Dai ichi Life Insurance Company Ltd owned about 0.19% of Intapp at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC increased its position in shares of Intapp by 1,054.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after purchasing an additional 527 shares during the last quarter. J.Safra Asset Management Corp boosted its holdings in Intapp by 634.0% during the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after acquiring an additional 615 shares during the period. Advisors Asset Management Inc. boosted its holdings in Intapp by 239.1% during the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after acquiring an additional 581 shares during the period. Blue Trust Inc. purchased a new position in Intapp during the 2nd quarter valued at about $30,000. Finally, Quest Partners LLC purchased a new position in Intapp during the 3rd quarter valued at about $54,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on INTA. Bank of America lowered their target price on Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Citigroup lifted their price objective on Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. UBS Group lifted their price objective on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. lifted their price objective on Intapp from $52.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Truist Financial reiterated a “buy” rating and issued a $55.00 price objective (up previously from $47.00) on shares of Intapp in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $53.55.

Intapp Stock Performance

INTA stock opened at $61.32 on Wednesday. The business has a 50 day moving average price of $51.57 and a 200 day moving average price of $42.52. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $61.37.

Intapp (NASDAQ:INTA) last posted its 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. The firm had revenue of $118.81 million during the quarter, compared to analysts’ expectations of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.20) earnings per share. Analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Insiders Place Their Bets

In other Intapp news, insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $45.09, for a total transaction of $901,800.00. Following the transaction, the insider now owns 772,412 shares of the company’s stock, valued at $34,828,057.08. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO John T. Hall sold 61,842 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $59.68, for a total value of $3,690,730.56. Following the completion of the transaction, the chief executive officer now directly owns 5,030,432 shares in the company, valued at approximately $300,216,181.76. The trade was a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 390,215 shares of company stock valued at $21,267,180 over the last quarter. Company insiders own 13.02% of the company’s stock.

Intapp Company 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.