UBS Group AG lowered its stake in Intapp, Inc. (NASDAQ:INTA – Free Report) by 42.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 180,992 shares of the company’s stock after selling 132,309 shares during the quarter. UBS Group AG’s holdings in Intapp were worth $8,293,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Corp acquired a new stake in Intapp in the 4th quarter valued at $44,000. CWM LLC grew its stake in Intapp by 77.8% in the 3rd quarter. CWM LLC now owns 1,604 shares of the company’s stock valued at $66,000 after acquiring an additional 702 shares during the period. Advisory Services Network LLC acquired a new stake in Intapp in the 3rd quarter valued at $66,000. Assetmark Inc. grew its stake in Intapp by 33.2% in the 3rd quarter. Assetmark Inc. now owns 1,765 shares of the company’s stock valued at $72,000 after acquiring an additional 440 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in Intapp by 208.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,848 shares of the company’s stock valued at $95,000 after acquiring an additional 1,248 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.
Intapp Stock Performance
Shares of INTA stock opened at $20.99 on Monday. The stock’s fifty day moving average is $23.91 and its two-hundred day moving average is $32.69. The firm has a market capitalization of $1.62 billion, a P/E ratio of -45.63 and a beta of 0.49. Intapp, Inc. has a fifty-two week low of $19.24 and a fifty-two week high of $58.84.
Intapp declared that its board has approved a stock repurchase program on Tuesday, February 3rd that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 7.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
Wall Street Analysts Forecast Growth
INTA has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Intapp from a “hold” rating to a “buy” rating in a research note on Sunday. Oppenheimer restated a “market perform” rating on shares of Intapp in a report on Thursday, February 26th. Barclays raised their price objective on Intapp from $20.00 to $25.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Truist Financial set a $35.00 price objective on Intapp in a report on Wednesday, February 4th. Finally, UBS Group decreased their price objective on Intapp from $54.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $34.57.
Get Our Latest Research Report on Intapp
Intapp Company 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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