Intapp, Inc. (NASDAQ:INTA) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its stake in shares of Intapp, Inc. (NASDAQ:INTA) by 61.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 264,088 shares of the company’s stock after buying an additional 101,004 shares during the quarter. Bank of New York Mellon Corp owned about 0.33% of Intapp worth $15,417,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its position in Intapp by 74.2% during the first quarter. Farther Finance Advisors LLC now owns 526 shares of the company’s stock worth $31,000 after buying an additional 224 shares in the last quarter. Johnson Financial Group Inc. increased its position in Intapp by 273.8% during the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company’s stock worth $53,000 after buying an additional 605 shares in the last quarter. CoreCap Advisors LLC purchased a new position in Intapp during the fourth quarter worth $64,000. Huntington National Bank increased its position in Intapp by 53.2% during the fourth quarter. Huntington National Bank now owns 1,474 shares of the company’s stock worth $94,000 after buying an additional 512 shares in the last quarter. Finally, Corton Capital Inc. purchased a new position in Intapp during the fourth quarter worth $202,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on INTA shares. Stifel Nicolaus decreased their price objective on Intapp from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, July 8th. UBS Group decreased their price objective on Intapp from $92.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Citigroup decreased their price objective on Intapp from $66.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday. Piper Sandler upgraded Intapp to a “neutral” rating and set a $55.00 price objective on the stock in a report on Tuesday, June 24th. Finally, Barclays cut Intapp from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $60.00 to $44.00 in a report on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Intapp currently has a consensus rating of “Moderate Buy” and an average target price of $60.11.

Insider Buying and Selling at Intapp

In related news, CFO David H. Morton, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $55.02, for a total transaction of $550,200.00. Following the sale, the chief financial officer owned 32,739 shares of the company’s stock, valued at $1,801,299.78. The trade was a 23.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Benjamin Harrison sold 14,275 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $55.01, for a total value of $785,267.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,913 shares of company stock valued at $4,257,984. 13.02% of the stock is currently owned by insiders.

Intapp Stock Performance

NASDAQ:INTA opened at $42.54 on Friday. Intapp, Inc. has a one year low of $31.08 and a one year high of $77.74. The business’s 50-day simple moving average is $52.51 and its 200 day simple moving average is $58.70. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of -177.25, a price-to-earnings-growth ratio of 7.92 and a beta of 0.76.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04. Intapp had a negative return on equity of 1.19% and a negative net margin of 3.78%. The firm had revenue of $129.07 million during the quarter, compared to analyst estimates of $128.84 million. During the same period in the previous year, the company earned $0.14 earnings per share. Intapp’s quarterly revenue was up 16.7% on a year-over-year basis. On average, equities research analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

About Intapp

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.