BNP Paribas Financial Markets Purchases Shares of 197,015 Intapp, Inc. (NASDAQ:INTA)

BNP Paribas Financial Markets bought a new stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 197,015 shares of the company's stock, valued at approximately $12,627,000. BNP Paribas Financial Markets owned approximately 0.25% of Intapp as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Raleigh Capital Management Inc. bought a new stake in shares of Intapp during the fourth quarter valued at approximately $25,000. Global Retirement Partners LLC bought a new stake in shares of Intapp during the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. bought a new stake in shares of Intapp during the fourth quarter valued at approximately $32,000. Johnson Financial Group Inc. increased its position in shares of 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 stake in shares of Intapp during the third quarter valued at approximately $64,000. Institutional investors own 89.96% of the company's stock.

Intapp Stock Performance

Shares of Intapp stock traded up $1.24 on Friday, hitting $58.17. 345,531 shares of the company's stock were exchanged, compared to its average volume of 642,706. The company has a 50-day simple moving average of $56.03 and a 200-day simple moving average of $61.70. The stock has a market capitalization of $4.71 billion, a PE ratio of -200.34 and a beta of 0.84. Intapp, Inc. has a 1 year low of $31.08 and a 1 year high of $77.74.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on INTA shares. Citigroup reissued a "neutral" rating on shares of Intapp in a research report on Monday, April 21st. Stifel Nicolaus dropped their target price on shares of Intapp from $75.00 to $65.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Piper Sandler dropped their target price on shares of Intapp from $71.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Truist Financial dropped their target price on shares of Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, 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 report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Intapp presently has an average rating of "Moderate Buy" and an average price target of $66.89.

Insider Activity at Intapp

In related news, CFO David H. Morton, Jr. sold 5,445 shares of Intapp 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 transaction, the chief financial officer now owns 38,996 shares in the company, valued at approximately $2,684,094.68. The trade was a 12.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thad Jampol sold 112,928 shares of Intapp stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $59.27, for a total transaction of $6,693,242.56. Following the transaction, the insider now owns 857,250 shares in the company, valued at approximately $50,809,207.50. This trade represents a 11.64% 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. 13.02% of the stock is owned by corporate insiders.

Intapp Company 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.