Jefferies Financial Group Inc. boosted its position in Intapp, Inc. (NASDAQ:INTA – Free Report) by 82.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 28,826 shares of the company’s stock after buying an additional 13,004 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Intapp were worth $1,488,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. REAP Financial Group LLC increased its stake in shares of Intapp by 218.5% in the second quarter. REAP Financial Group LLC now owns 481 shares of the company’s stock valued at $25,000 after purchasing an additional 330 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Intapp during the second quarter worth approximately $31,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in Intapp in the 1st quarter worth approximately $36,000. Caitong International Asset Management Co. Ltd grew its holdings in Intapp by 356.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 643 shares of the company’s stock worth $33,000 after buying an additional 502 shares in the last quarter. Finally, Quarry LP increased its position in Intapp by 1,155.4% in the 1st quarter. Quarry LP now owns 703 shares of the company’s stock valued at $41,000 after acquiring an additional 647 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.
Intapp Trading Up 1.6%
Shares of NASDAQ INTA opened at $42.60 on Thursday. Intapp, Inc. has a twelve month low of $35.51 and a twelve month high of $77.74. The firm has a 50-day moving average of $40.22 and a two-hundred day moving average of $45.23. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of -118.33, a PEG ratio of 70.51 and a beta of 0.70.
Intapp declared that its board has authorized a stock repurchase program on Tuesday, August 12th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 5.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.
Wall Street Analysts Forecast Growth
INTA has been the subject of a number of analyst reports. Citigroup reduced their price target on Intapp from $53.00 to $49.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. Wall Street Zen upgraded shares of Intapp from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Piper Sandler set a $42.00 price objective on shares of Intapp and gave the stock a “neutral” rating in a report on Monday, October 20th. Barclays decreased their target price on shares of Intapp from $47.00 to $43.00 and set an “underweight” rating for the company in a research report on Tuesday, October 14th. Finally, Stifel Nicolaus set a $50.00 target price on shares of Intapp in a research note on Wednesday, November 5th. Four 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 MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $54.86.
View Our Latest Report on Intapp
Insider Buying and Selling at Intapp
In other news, CEO John T. Hall sold 22,243 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $40.76, for a total transaction of $906,624.68. Following the completion of the sale, the chief executive officer owned 5,711,668 shares in the company, valued at approximately $232,807,587.68. This represents a 0.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Donald F. Coleman sold 1,520 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $45.21, for a total value of $68,719.20. Following the sale, the chief operating officer directly owned 442,061 shares of the company’s stock, valued at approximately $19,985,577.81. This represents a 0.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 33,763 shares of company stock valued at $1,382,944. Corporate insiders own 11.21% of the company’s stock.
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.
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