BNP Paribas Financial Markets Purchases New Shares in Intapp, Inc. (NASDAQ:INTA)

BNP Paribas Financial Markets bought a new stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 197,015 shares of the company's stock, valued at approximately $12,627,000. BNP Paribas Financial Markets owned 0.25% of Intapp at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of INTA. Raleigh Capital Management Inc. acquired a new position in shares of Intapp in the fourth quarter worth about $25,000. Global Retirement Partners LLC bought a new position in Intapp during the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. bought a new position in Intapp during the fourth quarter valued at approximately $32,000. Johnson Financial Group Inc. raised its position in Intapp by 273.8% during the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company's stock valued at $53,000 after acquiring an additional 605 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Intapp in the third quarter valued at approximately $64,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Intapp Stock Up 0.3%

Intapp stock traded up $0.15 on Wednesday, hitting $56.76. The company's stock had a trading volume of 788,555 shares, compared to its average volume of 644,008. The firm has a market cap of $4.60 billion, a P/E ratio of -195.72 and a beta of 0.84. The company has a fifty day moving average price of $56.12 and a 200-day moving average price of $61.69. Intapp, Inc. has a one year low of $31.08 and a one year high of $77.74.

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

Insider Activity

In other news, insider Michele Murgel sold 7,531 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $518,358.73. Following the sale, the insider now owns 223,945 shares in the company, valued at approximately $15,414,134.35. The trade was a 3.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David H. Morton, Jr. sold 5,445 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $374,779.35. Following the completion of the sale, the chief financial officer now owns 38,996 shares in the company, valued at $2,684,094.68. This represents a 12.25% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 279,755 shares of company stock worth $17,372,011. Corporate insiders own 13.02% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on INTA shares. Barclays dropped their price target on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Citigroup reissued a "neutral" rating on shares of Intapp in a research report on Monday, April 21st. Truist Financial dropped their price target 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 dropped their price target on shares of Intapp from $71.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Finally, UBS Group cut their target price on shares of Intapp from $92.00 to $83.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.89.

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.