AMS Capital Ltda acquired a new stake in Intapp, Inc. (NASDAQ:INTA – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 176,619 shares of the company’s stock, valued at approximately $8,093,000. Intapp makes up about 3.1% of AMS Capital Ltda’s portfolio, making the stock its 10th largest position. AMS Capital Ltda owned approximately 0.22% of Intapp at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in INTA. AQR Capital Management LLC boosted its holdings in shares of Intapp by 60.9% in the first quarter. AQR Capital Management LLC now owns 30,969 shares of the company’s stock valued at $1,808,000 after acquiring an additional 11,719 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 acquiring an additional 1,379 shares in the last quarter. Goldman Sachs Group Inc. boosted 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 acquiring an additional 6,210 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Intapp by 208.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,848 shares of the company’s stock worth $95,000 after purchasing an additional 1,248 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Intapp in the 2nd quarter worth approximately $693,000. 89.96% of the stock is currently owned by institutional investors.
Intapp Stock Performance
Intapp stock opened at $24.75 on Wednesday. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of -82.50, a price-to-earnings-growth ratio of 108.55 and a beta of 0.64. Intapp, Inc. has a 1 year low of $19.24 and a 1 year high of $59.10. The firm’s 50 day moving average price is $25.42 and its two-hundred day moving average price is $35.86.
Intapp declared that its board has approved 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 a sign that the company’s board believes its stock is undervalued.
Analysts Set New Price Targets
INTA has been the topic of several recent research reports. Oppenheimer reaffirmed a “market perform” rating on shares of Intapp in a research note on Thursday, February 26th. Barclays decreased their price target on shares of Intapp from $46.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 4th. Piper Sandler decreased their price target on shares of Intapp from $33.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, February 26th. Truist Financial set a $35.00 price target on shares of Intapp in a research report on Wednesday, February 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Intapp in a research report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $39.71.
Get Our Latest Stock Analysis on Intapp
Intapp Profile
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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