George Kaiser Family Foundation grew its position in shares of Intapp, Inc. (NASDAQ:INTA – Free Report) by 30.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 133,817 shares of the company’s stock after buying an additional 30,952 shares during the quarter. Intapp accounts for 0.8% of George Kaiser Family Foundation’s investment portfolio, making the stock its 7th largest holding. George Kaiser Family Foundation owned 0.16% of Intapp worth $5,473,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in INTA. Blue Trust Inc. increased its stake in shares of Intapp by 27.9% during the third quarter. Blue Trust Inc. now owns 1,421 shares of the company’s stock worth $58,000 after acquiring an additional 310 shares during the period. Caxton Associates LLP boosted its holdings in Intapp by 6.9% in the 2nd quarter. Caxton Associates LLP now owns 5,982 shares of the company’s stock valued at $309,000 after purchasing an additional 388 shares in the last quarter. Assetmark Inc. boosted its holdings 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 in the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in Intapp by 3.9% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 12,192 shares of the company’s stock worth $629,000 after purchasing an additional 463 shares during the period. Finally, Arizona State Retirement System raised its stake in shares of Intapp by 3.4% during the 3rd quarter. Arizona State Retirement System now owns 16,763 shares of the company’s stock worth $686,000 after buying an additional 554 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.
Intapp Stock Performance
Intapp stock opened at $27.24 on Thursday. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of -90.80, a price-to-earnings-growth ratio of 114.51 and a beta of 0.73. Intapp, Inc. has a fifty-two week low of $19.24 and a fifty-two week high of $65.35. The stock’s fifty day moving average is $33.48 and its two-hundred day moving average is $39.13.
Intapp announced that its Board of Directors has initiated a stock buyback plan on Tuesday, February 3rd that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 7.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the company. Stifel Nicolaus decreased their price target on Intapp from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Piper Sandler reduced their target price on Intapp from $33.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, February 26th. Barclays decreased their target price on shares of Intapp from $46.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 4th. JPMorgan Chase & Co. cut their price target on shares of Intapp from $70.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Finally, UBS Group set a $54.00 price objective on shares of Intapp in a research note on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $39.71.
Read Our Latest Stock Report on Intapp
Insider Activity
In related news, CEO John T. Hall sold 8,000 shares of Intapp stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $47.48, for a total transaction of $379,840.00. Following the completion of the transaction, the chief executive officer directly owned 5,711,668 shares in the company, valued at $271,189,996.64. The trade was a 0.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.21% of the stock is owned by company insiders.
About Intapp
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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