The Vanguard Group, Inc. recently announced the acquisition of new stake in Intapp Inc. (NASDAQ:INTA). The institutional investor has increased its shareholding in the Technology company by 18.99% to 1.61 million shares with purchase of 0.26 million shares. This fresh investment now brings its stake to 2.55% valued currently at $40.12 million. In addition, BlackRock Fund Advisors raised its holdings by 71263.0 to 0.8 million shares. And Columbia Management Investment Ad has lifted its position by 0.29% or 1977.0 shares – to 0.67 million shares.
With over 0.19 million Intapp Inc. (INTA) shares trading Friday and a closing price of $29.58 on the day, the dollar volume was approximately $5.55 million. The shares have shown a positive half year performance of 87.45% and its price on 01/20/23 gained nearly 5.30%. Currently, there are 62.86M common shares owned by the public and among those 55.78M shares have been available to trade.
Insiders at the company have transacted a total of 191 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 72 of these insider trades were purchases, accounting for 1,094,833 shares. Insider sales of the common stock occurred on 119 occasions, with total insider shares sold totaling 569,948 shares.
The top 3 mutual fund holders in Intapp Inc. are Fidelity Advisor Series I -Growth, Fidelity Advisor Series I – Small, and Fidelity Series Small Cap Opportu. Fidelity Advisor Series I -Growth owns 1.51 million shares of the company’s stock, all valued at over $37.71 million. The company bought an additional 2405.0 shares recently to bring their total holdings to about 2.40% of the shares outstanding. Fidelity Advisor Series I – Small bought 9100.0 shares to see its total holdings expand to 0.58 million shares valued at over $14.35 million and representing 0.91% of the shares outstanding. Fidelity Series Small Cap Opportu bought 45835.0 shares to bring its total holdings to over 0.56 million shares at a value of $14.04 million. Fidelity Series Small Cap Opportu now owns shares totaling to 0.89% of the shares outstanding.
Shares of Intapp Inc. (NASDAQ: INTA) opened at $28.37, up $0.28 from a prior closing price of $28.09. However, the script later moved the day high at 29.77, up 5.30%. The company’s stock has a 5-day price change of 8.39% and 45.36% over the past three months. INTA shares are trading 18.60% year to date (YTD), with the 12-month market performance up to 46.07% higher. It has a 12-month low price of $13.52 and touched a high of $28.35 over the same period. INTA has an average intraday trading volume of 66.07K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 14.05%, 23.38%, and 47.97% respectively.
Institutional ownership of Intapp Inc. (NASDAQ: INTA) shares accounts for 81.40% of the company’s 62.86M shares outstanding. Mutual fund holders own 12.13%, while other institutional holders and individual stakeholders account for 39.77% and 11.30% respectively.
It has a market capitalization of $1.77B. The earnings-per-share (ttm) stands at -$1.53. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.56% over the week and 4.10% over the month.
Analysts forecast that Intapp Inc. (INTA) will achieve an EPS of -$0.04 for the current quarter, -$0.04 for the next quarter and $0 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.04 while analysts give the company a high EPS estimate of -$0.03. Comparatively, EPS for the current quarter was -$0.04 a year ago. Earnings per share for the fiscal year are expected to decrease by -53.40%, and 200.00% over the next financial year.
Looking at the support for the INTA, a number of firms have released research notes about the stock. Stifel stated their Buy rating for the stock in a research note on January 18, 2022, with the firm’s price target at $44.