Bayesian Capital Management LP Purchases New Shares in Intapp, Inc. (NASDAQ:INTA)

Bayesian Capital Management LP bought a new position in Intapp, Inc. (NASDAQ:INTA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 13,558 shares of the company's stock, valued at approximately $869,000.

A number of other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in Intapp during the fourth quarter valued at $25,000. Raleigh Capital Management Inc. acquired a new position in shares of Intapp in the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. bought a new stake in shares of Intapp during the 4th quarter valued at about $32,000. Johnson Financial Group Inc. raised its stake in Intapp by 273.8% during the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company's stock worth $53,000 after acquiring an additional 605 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in Intapp in the third quarter valued at approximately $64,000. 89.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on INTA shares. Citigroup restated a "neutral" rating on shares of Intapp in a research note on Monday, April 21st. Truist Financial cut their price objective on shares of Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Piper Sandler reduced their target price on shares of Intapp from $71.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday. Stifel Nicolaus dropped their price target on shares of Intapp from $75.00 to $65.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Finally, UBS Group reduced their price objective on Intapp from $92.00 to $83.00 and set a "buy" rating for the company in a research report on Wednesday. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $66.89.

Insider Activity

In other Intapp news, insider Michele Murgel sold 7,531 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $518,358.73. Following the sale, the insider now directly owns 223,945 shares in the company, valued at $15,414,134.35. This represents a 3.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Scott Fitzgerald sold 2,086 shares of Intapp stock in a transaction on Monday, February 24th. The shares were sold at an average price of $64.54, for a total value of $134,630.44. Following the transaction, the chief marketing officer now directly owns 47,517 shares of the company's stock, valued at approximately $3,066,747.18. The trade was a 4.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 279,755 shares of company stock worth $17,372,011. Corporate insiders own 13.02% of the company's stock.

Intapp Price Performance

Shares of NASDAQ INTA traded down $0.65 during mid-day trading on Friday, hitting $53.86. The company had a trading volume of 513,096 shares, compared to its average volume of 650,242. The business's 50-day simple moving average is $56.57 and its 200-day simple moving average is $61.49. The firm has a market cap of $4.28 billion, a P/E ratio of -185.72 and a beta of 0.84. Intapp, Inc. has a 12 month low of $31.08 and a 12 month high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.04. Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. The business had revenue of $129.07 million during the quarter, compared to analyst estimates of $128.84 million. During the same period in the prior year, the company posted $0.14 earnings per share. Intapp's revenue was up 16.7% on a year-over-year basis. As a group, sell-side analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Intapp 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.