Connor Clark & Lunn Investment Management Ltd. Makes New Investment in Intapp, Inc. (NASDAQ:INTA)

Posted by Defense World Staff on Aug 26th, 2023

Connor Clark & Lunn Investment Management Ltd. bought a new position in Intapp, Inc. (NASDAQ:INTA – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,181 shares of the company’s stock, valued at approximately $546,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of INTA. Swiss National Bank grew its position in Intapp by 7.8% in the 1st quarter. Swiss National Bank now owns 28,900 shares of the company’s stock worth $694,000 after purchasing an additional 2,100 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Intapp by 44.6% in the first quarter. JPMorgan Chase & Co. now owns 9,705 shares of the company’s stock valued at $233,000 after acquiring an additional 2,992 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Intapp by 24.5% in the first quarter. Bank of New York Mellon Corp now owns 52,259 shares of the company’s stock valued at $1,254,000 after acquiring an additional 10,270 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Intapp by 57.0% in the first quarter. MetLife Investment Management LLC now owns 6,665 shares of the company’s stock valued at $160,000 after acquiring an additional 2,420 shares in the last quarter. Finally, Rhumbline Advisers bought a new position in shares of Intapp in the first quarter valued at approximately $291,000.

Insiders Place Their Bets

In other news, CAO Kalyani Tandon sold 1,183 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $34.80, for a total transaction of $41,168.40. Following the transaction, the chief accounting officer now owns 23,187 shares in the company, valued at approximately $806,907.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CAO Kalyani Tandon sold 1,183 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $34.80, for a total transaction of $41,168.40. Following the transaction, the chief accounting officer now owns 23,187 shares in the company, valued at approximately $806,907.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CMO Scott Fitzgerald sold 2,572 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $34.80, for a total transaction of $89,505.60. Following the transaction, the chief marketing officer now owns 26,701 shares in the company, valued at approximately $929,194.80. The disclosure for this sale can be found here. Insiders sold a total of 217,828 shares of company stock worth $9,089,550 in the last quarter. 48.61% of the stock is currently owned by corporate insiders.

Intapp Stock Performance

Shares of NASDAQ:INTA opened at $33.63 on Friday. Intapp, Inc. has a 52 week low of $13.54 and a 52 week high of $50.46. The company has a market cap of $2.20 billion, a PE ratio of -26.69 and a beta of 0.52. The firm has a 50 day simple moving average of $39.13 and a 200 day simple moving average of $40.71.

Analysts Set New Price Targets

Several research analysts have recently issued reports on INTA shares. Oppenheimer increased their price objective on shares of Intapp from $42.00 to $54.00 in a report on Wednesday, June 14th. Piper Sandler increased their price objective on shares of Intapp from $47.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, July 28th. BTIG Research initiated coverage on shares of Intapp in a report on Monday, July 10th. They issued a “buy” rating and a $55.00 price objective for the company. Bank of America increased their target price on shares of Intapp from $37.00 to $50.00 in a research note on Tuesday, May 9th. Finally, Stifel Nicolaus increased their target price on shares of Intapp from $36.00 to $47.00 in a research note on Tuesday, May 9th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Intapp presently has an average rating of “Buy” and a consensus target price of $44.56.

View Our Latest Stock Analysis on INTA

About Intapp

(Free Report)

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.