15,822 Shares in Intapp, Inc. (NASDAQ:INTA) Bought by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group has acquired a new stake in Intapp, purchasing 15,822 shares valued at approximately $924,000 during the first quarter of 2024.
• Intapp's stock has seen significant activity, with institutional investors owning 89.96% of the company's shares, highlighting strong interest from hedge funds.
• Analysts have mixed ratings on Intapp, with recent downgrades from Barclays and Citigroup, resulting in a consensus rating of "Moderate Buy" and an average price target of $60.11.

Jefferies Financial Group Inc. bought a new position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 15,822 shares of the company's stock, valued at approximately $924,000.

Other large investors have also added to or reduced their stakes in the company. CWM LLC raised its holdings in Intapp by 27.0% in the 1st quarter. CWM LLC now owns 1,003 shares of the company's stock worth $59,000 after purchasing an additional 213 shares during the period. Farther Finance Advisors LLC raised its holdings in Intapp by 74.2% in the 1st 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. Menard Financial Group LLC raised its holdings in Intapp by 12.3% in the 1st quarter. Menard Financial Group LLC now owns 3,798 shares of the company's stock worth $217,000 after purchasing an additional 415 shares during the period. Xponance Inc. raised its holdings in shares of Intapp by 11.9% during the first quarter. Xponance Inc. now owns 4,246 shares of the company's stock valued at $248,000 after acquiring an additional 450 shares during the last quarter. Finally, Johnson Financial Group Inc. lifted its position in Intapp by 273.8% during the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company's stock worth $53,000 after buying an additional 605 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on INTA shares. UBS Group cut their target price on Intapp from $92.00 to $83.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Wall Street Zen cut Intapp from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 21st. Citigroup cut their target price on Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a research note on Wednesday, July 16th. Stifel Nicolaus dropped their price objective on Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, July 8th. Finally, Piper Sandler raised Intapp to a "neutral" rating and set a $55.00 price objective for the company in a research note on Tuesday, June 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Intapp has a consensus rating of "Moderate Buy" and an average price target of $60.11.

Intapp Stock Performance

NASDAQ INTA traded down $2.65 during trading on Thursday, reaching $37.36. 1,384,954 shares of the company's stock were exchanged, compared to its average volume of 835,137. Intapp, Inc. has a 1 year low of $31.32 and a 1 year high of $77.74. The stock has a market cap of $3.02 billion, a P/E ratio of -155.67, a price-to-earnings-growth ratio of 8.45 and a beta of 0.73. The company has a 50 day moving average price of $48.20 and a two-hundred day moving average price of $56.40.

Intapp (NASDAQ:INTA - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $128.84 million. During the same period in the previous year, the business earned $0.14 EPS. The business's quarterly revenue was up 16.7% on a year-over-year basis. Research analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Insider Transactions at Intapp

In related news, insider David Benjamin Harrison sold 14,275 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $55.01, for a total value of $785,267.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO John T. Hall sold 8,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $55.28, for a total value of $442,240.00. Following the completion of the transaction, the chief executive officer owned 5,445,335 shares in the company, valued at $301,018,118.80. This trade represents a 0.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,913 shares of company stock valued at $3,974,734 over the last quarter. Company insiders own 13.02% of the company's stock.

Intapp 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.