SG Americas Securities LLC Makes New Investment in Intapp, Inc. (NASDAQ:INTA)

SG Americas Securities LLC bought a new stake in Intapp, Inc. (NASDAQ:INTA - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,103 shares of the company's stock, valued at approximately $914,000.

Several other institutional investors and hedge funds have also modified their holdings of INTA. Vanguard Group Inc. grew its holdings in Intapp by 42.7% during the 1st quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company's stock worth $172,002,000 after acquiring an additional 1,501,091 shares during the last quarter. Bamco Inc. NY bought a new stake in shares of Intapp during the first quarter valued at approximately $88,605,000. Clearbridge Investments LLC increased its holdings in shares of Intapp by 64.0% in the second quarter. Clearbridge Investments LLC now owns 772,255 shares of the company's stock valued at $28,319,000 after purchasing an additional 301,238 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Intapp by 18.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 686,496 shares of the company's stock worth $25,173,000 after purchasing an additional 106,668 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC lifted its holdings in Intapp by 58.4% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 381,912 shares of the company's stock worth $13,100,000 after buying an additional 140,792 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Bank of America dropped their target price on Intapp from $52.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, August 14th. Piper Sandler reissued an "overweight" rating and set a $46.00 price objective on shares of Intapp in a report on Wednesday, August 14th. Barclays reaffirmed an "equal weight" rating and issued a $44.00 target price on shares of Intapp in a research note on Monday, October 7th. Citigroup boosted their price target on shares of Intapp from $52.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. Finally, Stifel Nicolaus raised their price objective on shares of Intapp from $45.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Intapp has a consensus rating of "Moderate Buy" and a consensus price target of $50.00.

Insider Buying and Selling

In other Intapp news, Director Ralph Baxter sold 5,000 shares of Intapp stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $47.44, for a total value of $237,200.00. Following the transaction, the director now owns 5,624 shares of the company's stock, valued at approximately $266,802.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Thad Jampol sold 20,000 shares of the company's stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $45.09, for a total transaction of $901,800.00. Following the completion of the transaction, the insider now directly owns 772,412 shares of the company's stock, valued at $34,828,057.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ralph Baxter sold 5,000 shares of Intapp stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $47.44, for a total value of $237,200.00. Following the completion of the sale, the director now directly owns 5,624 shares in the company, valued at approximately $266,802.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 151,239 shares of company stock valued at $7,289,531. 36.56% of the stock is owned by corporate insiders.

Intapp Stock Performance

INTA opened at $47.59 on Friday. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $51.80. The firm has a market cap of $3.49 billion, a PE ratio of -78.02 and a beta of 0.65. The firm's fifty day moving average is $43.79 and its two-hundred day moving average is $37.73.

Intapp (NASDAQ:INTA - Get Free Report) last posted its earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. Intapp had a negative return on equity of 5.36% and a negative net margin of 7.44%. The firm had revenue of $114.38 million for the quarter, compared to analyst estimates of $111.58 million. During the same period in the previous year, the company posted ($0.14) earnings per share. The company's revenue for the quarter was up 20.9% on a year-over-year basis. Equities analysts forecast that Intapp, Inc. will post -0.15 EPS for the current fiscal year.

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.