Bamco Inc. NY Decreases Position in Intapp, Inc. (NASDAQ:INTA)

Bamco Inc. NY lowered its position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 12.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,484,012 shares of the company's stock after selling 366,443 shares during the quarter. Bamco Inc. NY owned about 3.13% of Intapp worth $159,200,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of INTA. Bayesian Capital Management LP bought a new position in shares of Intapp in the 4th quarter worth about $869,000. BNP Paribas Financial Markets bought a new position in shares of Intapp during the fourth quarter valued at approximately $12,627,000. Algert Global LLC lifted its holdings in shares of Intapp by 177.9% during the fourth quarter. Algert Global LLC now owns 27,204 shares of the company's stock valued at $1,744,000 after purchasing an additional 17,414 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Intapp by 28.1% in the 4th quarter. Jane Street Group LLC now owns 40,380 shares of the company's stock worth $2,588,000 after buying an additional 8,857 shares during the last quarter. Finally, Voleon Capital Management LP purchased a new position in Intapp during the fourth quarter valued at $1,825,000. Institutional investors own 89.96% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on INTA shares. Piper Sandler lowered their price target on Intapp from $71.00 to $70.00 and set an "overweight" rating for the company in a research report on Wednesday. UBS Group dropped their target price on shares of Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a research note on Wednesday. Truist Financial reduced their price target on shares of Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Stifel Nicolaus lowered their price objective on Intapp from $75.00 to $65.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Finally, Barclays reduced their target price on Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $65.20.

Insider Activity

In other news, insider Michele Murgel sold 1,962 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $60.00, for a total value of $117,720.00. Following the completion of the transaction, the insider now owns 182,462 shares of the company's stock, valued at $10,947,720. This represents a 1.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David H. Morton, Jr. sold 5,445 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $374,779.35. Following the completion of the transaction, the chief financial officer now directly owns 38,996 shares in the company, valued at approximately $2,684,094.68. This represents a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 279,755 shares of company stock worth $17,372,011 in the last three months. Company insiders own 13.02% of the company's stock.

Intapp Trading Down 6.5 %

Intapp stock traded down $3.69 during trading on Wednesday, reaching $53.50. The company had a trading volume of 1,374,380 shares, compared to its average volume of 659,423. The firm's 50-day simple moving average is $57.00 and its 200 day simple moving average is $61.51. Intapp, Inc. has a 52 week low of $31.08 and a 52 week high of $77.74. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of -184.47 and a beta of 0.84.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.26 earnings per share 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 firm had revenue of $129.07 million for the quarter, compared to analysts' expectations of $128.84 million. During the same period in the previous year, the firm earned $0.14 EPS. The business's quarterly revenue was up 16.7% on a year-over-year basis. On average, analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current year.

About Intapp

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.