BNP Paribas Financial Markets Makes New Investment in Intapp, Inc. (NASDAQ:INTA)

BNP Paribas Financial Markets bought a new stake in Intapp, Inc. (NASDAQ:INTA) in the 4th quarter, Holdings Channel reports. The institutional investor bought 197,015 shares of the company’s stock, valued at approximately $12,627,000.

Several other large investors have also made changes to their positions in INTA. Invesco Ltd. raised its position in Intapp by 6,506.1% during the fourth quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock valued at $126,931,000 after purchasing an additional 1,950,526 shares in the last quarter. Vanguard Group Inc. boosted its stake in Intapp by 11.8% in the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock valued at $408,139,000 after buying an additional 672,832 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Intapp by 408.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 720,994 shares of the company’s stock valued at $46,209,000 after acquiring an additional 579,075 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in Intapp during the fourth quarter worth about $30,563,000. Finally, Capital World Investors lifted its holdings in shares of Intapp by 30.3% in the fourth quarter. Capital World Investors now owns 1,701,939 shares of the company’s stock worth $109,077,000 after acquiring an additional 395,804 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Intapp Price Performance

NASDAQ INTA opened at $53.86 on Friday. The stock has a market capitalization of $4.36 billion, a P/E ratio of -185.72 and a beta of 0.84. The business has a 50 day simple moving average of $56.39 and a 200 day simple moving average of $61.60. Intapp, Inc. has a one year low of $31.08 and a one year high of $77.74.

Intapp (NASDAQ:INTA) last posted its quarterly 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. The firm had revenue of $129.07 million during the quarter, compared to the consensus estimate of $128.84 million. Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. The business’s revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share. Equities analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on INTA shares. Truist Financial decreased their price target 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. Piper Sandler cut their price objective on Intapp from $71.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday. UBS Group dropped their target price on Intapp from $92.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday. Barclays dropped their price objective on shares of Intapp from $68.00 to $60.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. Finally, Citigroup restated a “neutral” rating on shares of Intapp in a research report on Monday, April 21st. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.89.

Insider Buying and Selling at Intapp

In other Intapp news, CEO John T. Hall sold 33,227 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $2,287,014.41. Following the transaction, the chief executive officer now directly owns 5,258,576 shares of the company’s stock, valued at approximately $361,947,786.08. This trade represents a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michele Murgel sold 1,962 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $60.00, for a total transaction of $117,720.00. Following the sale, the insider now directly owns 182,462 shares of the company’s stock, valued at approximately $10,947,720. The trade was a 1.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 279,755 shares of company stock valued at $17,372,011. Company insiders own 13.02% of the company’s stock.

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.