Bamco Inc. NY grew its holdings in Intapp, Inc. (NASDAQ:INTA – Free Report) by 6.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,880,950 shares of the company’s stock after buying an additional 181,073 shares during the period. Bamco Inc. NY owned 3.52% of Intapp worth $117,831,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in Intapp by 60.9% during the 1st quarter. AQR Capital Management LLC now owns 30,969 shares of the company’s stock valued at $1,808,000 after purchasing an additional 11,719 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Intapp by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,737 shares of the company’s stock valued at $1,853,000 after purchasing an additional 1,379 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Intapp by 2.3% in the first quarter. Goldman Sachs Group Inc. now owns 279,511 shares of the company’s stock valued at $16,318,000 after purchasing an additional 6,210 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Intapp by 47.5% in the second quarter. Bank of New York Mellon Corp now owns 389,548 shares of the company’s stock valued at $20,108,000 after purchasing an additional 125,460 shares during the period. Finally, Los Angeles Capital Management LLC lifted its stake in shares of Intapp by 50.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 7,579 shares of the company’s stock worth $391,000 after buying an additional 2,555 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors.
Intapp Trading Up 4.1%
INTA opened at $25.65 on Friday. The company has a market cap of $2.06 billion, a P/E ratio of -85.50, a PEG ratio of 112.36 and a beta of 0.73. The company’s 50 day moving average is $30.67 and its 200-day moving average is $38.32. Intapp, Inc. has a 1-year low of $19.24 and a 1-year high of $64.31.
Intapp declared that its Board of Directors has initiated a share repurchase program on Tuesday, February 3rd that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to reacquire up to 7.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
Analysts Set New Price Targets
Several analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intapp in a report on Monday, December 29th. UBS Group set a $54.00 price target on shares of Intapp in a report on Wednesday, February 4th. Piper Sandler cut their price objective on shares of Intapp from $33.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, February 26th. Oppenheimer restated a “market perform” rating on shares of Intapp in a report on Thursday, February 26th. Finally, Barclays decreased their target price on Intapp from $46.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Intapp currently has an average rating of “Hold” and a consensus price target of $39.71.
View Our Latest Stock Analysis on INTA
Insider Activity
In other news, CEO John T. Hall sold 8,000 shares of the stock in a transaction on Monday, December 29th. The stock was sold at an average price of $47.48, for a total value of $379,840.00. Following the completion of the transaction, the chief executive officer directly owned 5,711,668 shares in the company, valued at approximately $271,189,996.64. This represents a 0.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.21% of the company’s stock.
About Intapp
Intapp, Inc, headquartered in Palo Alto, California, is a leading provider of cloud-based software solutions designed to meet the unique needs of professional services firms, including law firms, accounting practices, and financial institutions. The company’s integrated platform connects front-office business development with back-office risk and compliance functions, enabling organizations to streamline workflows, improve collaboration and enhance client service.
Intapp’s suite of applications—such as Intake, Conflicts, Risk, Open, Time and Flow—addresses the entire client lifecycle.
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