Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Intapp, Inc. (NASDAQ:INTA – Free Report) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 12,181 shares of the company’s stock, valued at approximately $546,000.
A number of other institutional investors have also added to or reduced their stakes in INTA. Tower Research Capital LLC TRC increased its holdings in shares of Intapp by 100.5% in the first quarter. Tower Research Capital LLC TRC now owns 764 shares of the company’s stock valued at $34,000 after purchasing an additional 383 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Intapp by 19.5% in the second quarter. Legal & General Group Plc now owns 4,403 shares of the company’s stock valued at $65,000 after purchasing an additional 719 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in shares of Intapp in the first quarter valued at $33,000. Swiss National Bank increased its holdings in shares of Intapp by 3.8% in the fourth quarter. Swiss National Bank now owns 30,000 shares of the company’s stock valued at $748,000 after purchasing an additional 1,100 shares during the last quarter. Finally, American International Group Inc. increased its holdings in shares of Intapp by 23.7% in the first quarter. American International Group Inc. now owns 6,869 shares of the company’s stock valued at $165,000 after purchasing an additional 1,317 shares during the last quarter.
Insiders Place Their Bets
In other Intapp news, CMO Scott Fitzgerald sold 881 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $34.89, for a total transaction of $30,738.09. Following the sale, the chief marketing officer now directly owns 31,247 shares in the company, valued at $1,090,207.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Michele Murgel sold 5,576 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $34.80, for a total value of $194,044.80. Following the sale, the insider now directly owns 81,529 shares in the company, valued at approximately $2,837,209.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Scott Fitzgerald sold 881 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $34.89, for a total transaction of $30,738.09. Following the completion of the sale, the chief marketing officer now owns 31,247 shares in the company, valued at $1,090,207.83. The disclosure for this sale can be found here. Insiders have sold 217,828 shares of company stock worth $9,089,550 over the last ninety days. Corporate insiders own 48.61% of the company’s stock.
Intapp Stock Down 1.1 %
Shares of Intapp stock opened at $33.63 on Friday. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of -26.69 and a beta of 0.52. Intapp, Inc. has a 12-month low of $13.54 and a 12-month high of $50.46. The firm’s 50-day moving average price is $39.13 and its two-hundred day moving average price is $40.71.
Analyst Ratings Changes
Several research firms have commented on INTA. VNET Group reiterated a “maintains” rating on shares of Intapp in a report on Tuesday, May 9th. Bank of America raised their price target on shares of Intapp from $37.00 to $50.00 in a research report on Tuesday, May 9th. Oppenheimer raised their price target on shares of Intapp from $42.00 to $54.00 in a research report on Wednesday, June 14th. BTIG Research assumed coverage on shares of Intapp in a research report on Monday, July 10th. They set a “buy” rating and a $55.00 price target on the stock. Finally, Piper Sandler raised their price target on shares of Intapp from $47.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $44.56.
View Our Latest Analysis on Intapp
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. The company’s 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; and OnePlace, a solution to manage various aspects of professional services firms’ client and engagement lifecycle.
Further Reading
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