Strs Ohio bought a new position in shares of Intapp, Inc. (NASDAQ:INTA – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 17,400 shares of the company’s stock, valued at approximately $1,016,000.
A number of other institutional investors have also added to or reduced their stakes in INTA. Cetera Investment Advisers acquired a new stake in Intapp during the fourth quarter worth about $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Intapp by 41.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,358 shares of the company’s stock worth $1,946,000 after buying an additional 8,922 shares in the last quarter. Man Group plc acquired a new stake in Intapp during the fourth quarter worth about $3,407,000. ProShare Advisors LLC grew its position in Intapp by 103.6% during the fourth quarter. ProShare Advisors LLC now owns 15,020 shares of the company’s stock worth $963,000 after buying an additional 7,644 shares in the last quarter. Finally, State of Wyoming grew its position in Intapp by 48.2% during the fourth quarter. State of Wyoming now owns 5,453 shares of the company’s stock worth $349,000 after buying an additional 1,773 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.
Intapp Trading Up 0.9%
NASDAQ:INTA opened at $45.33 on Friday. Intapp, Inc. has a 1 year low of $35.51 and a 1 year high of $77.74. The firm has a 50 day moving average of $42.72 and a 200-day moving average of $50.93. The stock has a market capitalization of $3.72 billion, a P/E ratio of -188.88, a price-to-earnings-growth ratio of 19.14 and a beta of 0.74.
Intapp declared that its board has authorized a stock repurchase program on Tuesday, August 12th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to buy up to 5.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Insider Transactions at Intapp
In related news, insider Michele Murgel sold 5,425 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $42.06, for a total value of $228,175.50. Following the completion of the transaction, the insider owned 224,522 shares in the company, valued at $9,443,395.32. The trade was a 2.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thad Jampol sold 6,184 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $42.06, for a total transaction of $260,099.04. Following the completion of the transaction, the insider owned 882,402 shares of the company’s stock, valued at $37,113,828.12. This trade represents a 0.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,169 shares of company stock worth $4,292,798 over the last ninety days. 13.02% of the stock is currently owned by insiders.
Analyst Ratings Changes
INTA has been the topic of a number of recent research reports. Citigroup decreased their target price on Intapp from $66.00 to $53.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 16th. Piper Sandler upgraded shares of Intapp to a “neutral” rating and set a $55.00 price target for the company in a research note on Tuesday, June 24th. UBS Group cut their price target on shares of Intapp from $83.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday, August 13th. Wall Street Zen upgraded shares of Intapp from a “hold” rating to a “buy” rating in a research note on Sunday, September 14th. Finally, Stifel Nicolaus cut their price target on shares of Intapp from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, July 8th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $60.63.
Get Our Latest Stock Report on INTA
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.
Recommended Stories
- Five stocks we like better than Intapp
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Why Seagate Is Wall Street’s New Favorite AI Infrastructure Play
- How to Use the MarketBeat Excel Dividend Calculator
- 3 AI Infrastructure Stocks With Upside After the Summer Rally
- What is Put Option Volume?
- Can Advantage2 Help Overcome D-Wave’s Share Price Plateau?
Want to see what other hedge funds are holding INTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intapp, Inc. (NASDAQ:INTA – Free Report).
Receive News & Ratings for Intapp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intapp and related companies with MarketBeat.com's FREE daily email newsletter.