Bamco Inc. NY bought a new position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,990,657 shares of the company's stock, valued at approximately $50,184,000. Bamco Inc. NY owned approximately 2.59% of Intapp as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Intapp during the second quarter worth approximately $133,660,000. Wellington Management Group LLP boosted its position in Intapp by 143.7% in the third quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company's stock valued at $77,365,000 after buying an additional 1,115,392 shares in the last quarter. Barclays PLC grew its position in Intapp by 1,160.6% during the 4th quarter. Barclays PLC now owns 1,094,989 shares of the company's stock worth $50,172,000 after acquiring an additional 1,008,128 shares during the last quarter. Praesidium Investment Management Company LLC acquired a new position in shares of Intapp in the second quarter valued at approximately $19,761,311,000. Finally, Norges Bank bought a new position in Intapp during the 4th quarter worth $32,302,000. Institutional investors and hedge funds own 89.96% of the company's stock.
Wall Street Analysts Forecast Growth
INTA has been the topic of a number of recent analyst reports. Weiss Ratings reissued a "sell (e+)" rating on shares of Intapp in a research note on Friday, June 5th. Wall Street Zen raised shares of Intapp from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Piper Sandler increased their price target on shares of Intapp from $25.00 to $34.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Truist Financial increased their price objective on Intapp from $35.00 to $45.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Finally, Zacks Research lowered shares of Intapp from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $37.86.
Read Our Latest Stock Report on INTA
Insider Activity
In other Intapp news, CMO Dustin De Forest Sedgwick sold 1,474 shares of the company's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $41.21, for a total transaction of $60,743.54. Following the transaction, the chief marketing officer owned 22,112 shares in the company, valued at approximately $911,235.52. This represents a 6.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michele Murgel sold 14,591 shares of the firm's stock in a transaction that occurred on Friday, June 26th. The stock was 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 in the company, valued at $5,845,472.64. This represents a 5.88% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 94,491 shares of company stock valued at $3,650,613. Company insiders own 11.21% of the company's stock.
Intapp Stock Performance
NASDAQ:INTA opened at $40.40 on Thursday. The firm has a market cap of $3.09 billion, a PE ratio of -77.69, a price-to-earnings-growth ratio of 15.72 and a beta of 0.42. Intapp, Inc. has a fifty-two week low of $19.01 and a fifty-two week high of $47.93. The business has a 50 day moving average price of $31.25 and a 200-day moving average price of $26.18.
Intapp (NASDAQ:INTA - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.05. The firm had revenue of $152.53 million for the quarter, compared to analysts' expectations of $149.75 million. Intapp had a negative net margin of 7.15% and a negative return on equity of 3.30%. The company's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.27 earnings per share. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. Research analysts predict that Intapp, Inc. will post 0.07 EPS for the current year.
About Intapp
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding INTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intapp, Inc. (NASDAQ:INTA - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Intapp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intapp wasn't on the list.
While Intapp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries. "Physical AI" is coming. Learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Get This Free Report
