Bank of New York Mellon Corp Purchases 101,004 Shares of Intapp, Inc. (NASDAQ:INTA)

Bank of New York Mellon Corp raised its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 61.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 264,088 shares of the company's stock after buying an additional 101,004 shares during the quarter. Bank of New York Mellon Corp owned about 0.33% of Intapp worth $15,417,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of INTA. Farther Finance Advisors LLC boosted its holdings in shares of Intapp by 74.2% in the first quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock valued at $31,000 after buying an additional 224 shares during the period. Johnson Financial Group Inc. increased its holdings in Intapp by 273.8% during the 4th quarter. Johnson Financial Group Inc. now owns 826 shares of the company's stock worth $53,000 after purchasing an additional 605 shares in the last quarter. CoreCap Advisors LLC bought a new position in Intapp during the 4th quarter worth about $64,000. Huntington National Bank raised its stake in shares of Intapp by 53.2% in the 4th quarter. Huntington National Bank now owns 1,474 shares of the company's stock valued at $94,000 after purchasing an additional 512 shares during the period. Finally, Corton Capital Inc. bought a new stake in shares of Intapp in the fourth quarter valued at about $202,000. 89.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on INTA shares. Piper Sandler raised Intapp to a "neutral" rating and set a $55.00 price target on the stock in a research report on Tuesday, June 24th. Truist Financial reduced their price target on Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Stifel Nicolaus cut their target price on Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, July 8th. Citigroup reduced their target price on Intapp from $66.00 to $53.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. Finally, Wall Street Zen downgraded Intapp from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $60.11.

Intapp Trading Up 1.2%

Shares of NASDAQ INTA traded up $0.52 during midday trading on Tuesday, reaching $42.69. 503,969 shares of the company were exchanged, compared to its average volume of 660,392. The stock has a market cap of $3.46 billion, a P/E ratio of -177.86, a PEG ratio of 7.92 and a beta of 0.76. The stock has a fifty day simple moving average of $52.51 and a 200 day simple moving average of $58.66. 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 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 return on equity of 1.19% and a negative net margin of 3.78%. The business had revenue of $129.07 million for the quarter, compared to analyst estimates of $128.84 million. During the same period last year, the company posted $0.14 EPS. The business's quarterly revenue was up 16.7% on a year-over-year basis. As a group, analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current year.

Insider Transactions at Intapp

In other Intapp news, CFO David H. Morton, Jr. sold 10,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $55.02, for a total transaction of $550,200.00. Following the transaction, the chief financial officer owned 32,739 shares of the company's stock, valued at $1,801,299.78. The trade was a 23.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Donald F. Coleman sold 2,809 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $56.77, for a total value of $159,466.93. Following the transaction, the chief operating officer directly owned 435,076 shares in the company, valued at approximately $24,699,264.52. This trade represents a 0.64% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,913 shares of company stock valued at $4,257,984. 13.02% of the stock is owned by insiders.

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.