Bank of New York Mellon Corp Increases Stock Holdings in Intapp, Inc. (NASDAQ:INTA)

Bank of New York Mellon Corp boosted its position in shares of Intapp, Inc. (NASDAQ:INTA) by 34.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,084 shares of the company’s stock after purchasing an additional 41,522 shares during the period. Bank of New York Mellon Corp owned approximately 0.21% of Intapp worth $10,452,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. FMR LLC grew its position in Intapp by 7.8% in the third quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after acquiring an additional 411,434 shares during the period. Bamco Inc. NY lifted its stake in shares of Intapp by 1.2% in the 3rd quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock valued at $136,337,000 after purchasing an additional 34,409 shares during the last quarter. Praesidium Investment Management Company LLC grew its holdings in shares of Intapp by 15.3% during the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock worth $92,316,000 after purchasing an additional 256,327 shares during the period. Loomis Sayles & Co. L P increased its position in shares of Intapp by 29.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after purchasing an additional 343,275 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Intapp by 9.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock valued at $50,291,000 after buying an additional 95,035 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

INTA has been the subject of several research analyst reports. Barclays increased their target price on shares of Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Raymond James reiterated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. UBS Group boosted their target price on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. raised their price target on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Truist Financial boosted their price objective on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Intapp has an average rating of “Moderate Buy” and a consensus target price of $66.45.

Insider Buying and Selling

In other news, insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction on Monday, March 10th. The shares were sold at an average price of $57.15, for a total value of $1,143,000.00. Following the transaction, the insider now directly owns 857,250 shares of the company’s stock, valued at $48,991,837.50. The trade was a 2.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John T. Hall sold 8,000 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $57.15, for a total transaction of $457,200.00. Following the completion of the sale, the chief executive officer now owns 5,236,895 shares of the company’s stock, valued at approximately $299,288,549.25. This trade represents a 0.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 230,447 shares of company stock worth $15,186,622 in the last quarter. 13.02% of the stock is owned by insiders.

Intapp Trading Down 4.7 %

Shares of INTA stock opened at $58.20 on Friday. The company has a market cap of $4.62 billion, a P/E ratio of -200.68 and a beta of 0.77. The firm has a fifty day moving average price of $67.33 and a 200 day moving average price of $59.01. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $77.74.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. On average, equities analysts forecast that Intapp, Inc. will post -0.14 EPS for the current year.

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.