Intapp, Inc. (NASDAQ:INTA) Position Increased by MetLife Investment Management LLC

MetLife Investment Management LLC increased its position in shares of Intapp, Inc. (NASDAQ:INTA) by 41.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,105 shares of the company’s stock after acquiring an additional 9,395 shares during the period. MetLife Investment Management LLC’s holdings in Intapp were worth $2,058,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Invesco Ltd. lifted its position in shares of Intapp by 6,506.1% in the fourth quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock worth $126,931,000 after buying an additional 1,950,526 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Intapp by 11.8% in the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock worth $408,139,000 after buying an additional 672,832 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Intapp by 408.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 720,994 shares of the company’s stock worth $46,209,000 after buying an additional 579,075 shares during the last quarter. Capital World Investors lifted its position in shares of Intapp by 30.3% in the fourth quarter. Capital World Investors now owns 1,701,939 shares of the company’s stock worth $109,077,000 after buying an additional 395,804 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of Intapp by 92.3% in the fourth quarter. Prudential Financial Inc. now owns 669,277 shares of the company’s stock worth $42,894,000 after buying an additional 321,329 shares during the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Intapp news, CEO John T. Hall sold 33,227 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $2,287,014.41. Following the completion of the transaction, the chief executive officer now directly owns 5,258,576 shares in the company, valued at $361,947,786.08. This represents a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michele Murgel sold 7,531 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $518,358.73. Following the completion of the sale, the insider now owns 223,945 shares of the company’s stock, valued at approximately $15,414,134.35. This trade represents a 3.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 274,755 shares of company stock worth $17,088,761 over the last three months. 13.02% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on INTA. Barclays reduced their price target on Intapp from $68.00 to $60.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Raymond James reiterated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Citigroup reissued a “neutral” rating on shares of Intapp in a research report on Monday, April 21st. Piper Sandler reissued an “overweight” rating and issued a $71.00 price objective (up from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Finally, UBS Group increased their price objective on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Intapp has a consensus rating of “Moderate Buy” and an average target price of $64.91.

Intapp Trading Down 0.5 %

Shares of NASDAQ INTA opened at $54.10 on Tuesday. The business has a fifty day simple moving average of $58.20 and a 200 day simple moving average of $61.31. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of -186.55 and a beta of 0.82. Intapp, Inc. has a one year low of $30.42 and a one year high of $77.74.

Intapp (NASDAQ:INTA) last issued its earnings results on Tuesday, February 4th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. On average, research analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Intapp Company 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.