Jefferies Financial Group Inc. lifted its position in shares of Intapp, Inc. (NASDAQ:INTA – Free Report) by 260.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 93,820 shares of the company’s stock after buying an additional 67,820 shares during the quarter. Jefferies Financial Group Inc. owned approximately 0.12% of Intapp worth $4,299,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in INTA. First Horizon Corp acquired a new position in Intapp in the 4th quarter valued at about $44,000. Advisory Services Network LLC acquired a new position in Intapp in the 3rd quarter valued at about $66,000. Assetmark Inc. raised its stake in Intapp by 33.2% in the 3rd quarter. Assetmark Inc. now owns 1,765 shares of the company’s stock valued at $72,000 after purchasing an additional 440 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Intapp by 208.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,848 shares of the company’s stock valued at $95,000 after purchasing an additional 1,248 shares during the last quarter. Finally, Covestor Ltd raised its stake in Intapp by 42.0% in the 3rd quarter. Covestor Ltd now owns 2,410 shares of the company’s stock valued at $99,000 after purchasing an additional 713 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.
Intapp Price Performance
INTA opened at $20.40 on Tuesday. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -44.35 and a beta of 0.49. The business has a 50-day moving average of $23.21 and a two-hundred day moving average of $31.94. Intapp, Inc. has a 12 month low of $19.24 and a 12 month high of $58.79.
Intapp announced that its board has approved a stock repurchase plan on Tuesday, February 3rd that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to reacquire up to 7.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on INTA shares. Truist Financial set a $35.00 target price on shares of Intapp in a research note on Wednesday, February 4th. Oppenheimer reissued a “market perform” rating on shares of Intapp in a research note on Thursday, February 26th. Citigroup boosted their target price on shares of Intapp from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Barclays boosted their target price on shares of Intapp from $20.00 to $25.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Finally, Piper Sandler cut their target price on shares of Intapp from $33.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, February 26th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $34.57.
Read Our Latest Research Report on Intapp
Intapp Profile
Intapp, Inc, headquartered in Palo Alto, California, is a leading provider of cloud-based software solutions designed to meet the unique needs of professional services firms, including law firms, accounting practices, and financial institutions. The company’s integrated platform connects front-office business development with back-office risk and compliance functions, enabling organizations to streamline workflows, improve collaboration and enhance client service.
Intapp’s suite of applications—such as Intake, Conflicts, Risk, Open, Time and Flow—addresses the entire client lifecycle.
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