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

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

Several other hedge funds have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its position in shares of Intapp by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 9,891 shares of the company's stock valued at $588,000 after buying an additional 3,468 shares in the last quarter. Diversified Trust Co lifted its position in Intapp by 79.5% during the first quarter. Diversified Trust Co now owns 7,389 shares of the company's stock worth $431,000 after purchasing an additional 3,273 shares during the period. SG Americas Securities LLC lifted its position in Intapp by 143.0% during the first quarter. SG Americas Securities LLC now owns 6,017 shares of the company's stock worth $351,000 after purchasing an additional 3,541 shares during the period. Farther Finance Advisors LLC lifted its position in Intapp by 74.2% during the first quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock worth $31,000 after purchasing an additional 224 shares during the period. Finally, MRA Advisory Group bought a new stake in Intapp during the first quarter worth about $523,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on INTA. Citigroup decreased their price objective on shares of Intapp from $66.00 to $53.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 16th. Piper Sandler raised shares of Intapp to a "neutral" rating and set a $55.00 price objective on the stock in a research note on Tuesday, June 24th. Wall Street Zen cut shares of Intapp from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 21st. Stifel Nicolaus decreased their price objective on shares of Intapp from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, July 8th. Finally, Barclays cut shares of Intapp from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $60.00 to $44.00 in a research note on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $60.11.

Intapp Price Performance

Shares of Intapp stock traded up $0.28 during trading on Wednesday, hitting $42.50. The company's stock had a trading volume of 455,233 shares, compared to its average volume of 664,444. Intapp, Inc. has a 52 week low of $31.08 and a 52 week high of $77.74. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of -177.08, a price-to-earnings-growth ratio of 7.86 and a beta of 0.76. The stock has a 50-day moving average price of $51.66 and a two-hundred day moving average price of $58.29.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.04. The business had revenue of $129.07 million for the quarter, compared to analysts' expectations of $128.84 million. Intapp had a negative net margin of 3.78% and a negative return on equity of 1.19%. The business's quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 earnings per share. On average, equities analysts predict that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Insider Activity

In other Intapp news, insider Thad Jampol sold 5,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $56.65, for a total transaction of $283,250.00. Following the transaction, the insider directly owned 857,250 shares in the company, valued at approximately $48,563,212.50. This represents a 0.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John T. Hall sold 31,200 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $55.01, for a total value of $1,716,312.00. Following the transaction, the chief executive officer owned 5,445,335 shares in the company, valued at $299,547,878.35. The trade was a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 76,913 shares of company stock worth $4,257,984. Company insiders own 13.02% of the company's stock.

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.