George Kaiser Family Foundation bought a new stake in shares of Intapp, Inc. (NASDAQ:INTA – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 114,960 shares of the company’s stock, valued at approximately $2,898,000. Intapp makes up approximately 0.3% of George Kaiser Family Foundation’s holdings, making the stock its 11th largest holding.
Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC boosted its stake in shares of Intapp by 60.9% during the 1st quarter. AQR Capital Management LLC now owns 30,969 shares of the company’s stock worth $1,808,000 after acquiring an additional 11,719 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Intapp by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,737 shares of the company’s stock worth $1,853,000 after purchasing an additional 1,379 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Intapp by 2.3% during the first quarter. Goldman Sachs Group Inc. now owns 279,511 shares of the company’s stock worth $16,318,000 after purchasing an additional 6,210 shares during the period. Russell Investments Group Ltd. boosted its position in Intapp by 208.0% during the second 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 period. Finally, Marshall Wace LLP bought a new stake in Intapp during the second quarter worth approximately $693,000. Institutional investors and hedge funds own 89.96% of the company’s stock.
Intapp Trading Up 2.9%
INTA opened at $41.35 on Friday. Intapp, Inc. has a 1-year low of $19.01 and a 1-year high of $47.93. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of -79.52, a P/E/G ratio of 15.97 and a beta of 0.42. The business has a 50 day moving average of $30.17 and a 200-day moving average of $25.93.
Insider Buying and Selling at Intapp
In other news, Director George R. Neble sold 2,624 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $40.00, for a total transaction of $104,960.00. Following the completion of the transaction, the director owned 30,465 shares of the company’s stock, valued at approximately $1,218,600. This represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michele Murgel sold 14,591 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $25.02, for a total transaction of $365,066.82. Following the completion of the sale, the insider owned 233,632 shares of the company’s stock, valued at approximately $5,845,472.64. The trade was a 5.88% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.21% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently commented on INTA shares. JPMorgan Chase & Co. dropped their price target on shares of Intapp from $58.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Truist Financial raised their target price on shares of Intapp from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Piper Sandler lifted their target price on shares of Intapp from $25.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Zacks Research lowered shares of Intapp from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Intapp in a report on Friday, June 5th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $37.86.
View Our Latest Stock Analysis on INTA
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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