MetLife Investment Management LLC Buys 9,395 Shares of Intapp, Inc. (NASDAQ:INTA)

MetLife Investment Management LLC boosted its position in Intapp, Inc. (NASDAQ:INTA - Free Report) by 41.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,105 shares of the company's stock after acquiring an additional 9,395 shares during the quarter. MetLife Investment Management LLC's holdings in Intapp were worth $2,058,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in INTA. Global Retirement Partners LLC acquired a new stake in shares of Intapp in the 4th quarter valued at approximately $25,000. Raleigh Capital Management Inc. acquired a new stake in Intapp in the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. bought a new stake in shares of Intapp during the fourth quarter worth $32,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Intapp during the third quarter worth $64,000. Finally, Huntington National Bank lifted its stake in shares of Intapp by 53.2% in the 4th quarter. Huntington National Bank now owns 1,474 shares of the company's stock valued at $94,000 after acquiring an additional 512 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Intapp Stock Up 2.2 %

Intapp stock traded up $1.18 during trading hours on Thursday, reaching $55.44. 573,505 shares of the company's stock were exchanged, compared to its average volume of 655,609. The firm's 50 day simple moving average is $57.67 and its 200 day simple moving average is $61.22. Intapp, Inc. has a twelve month low of $30.42 and a twelve month high of $77.74. The firm has a market capitalization of $4.40 billion, a PE ratio of -191.17 and a beta of 0.82.

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

Insiders Place Their Bets

In other Intapp news, CFO David H. Morton, Jr. sold 5,445 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $374,779.35. Following the completion of the sale, the chief financial officer now owns 38,996 shares in the company, valued at approximately $2,684,094.68. The trade was a 12.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thad Jampol sold 20,000 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $57.15, for a total transaction of $1,143,000.00. Following the completion of the transaction, the insider now directly owns 857,250 shares in the company, valued at $48,991,837.50. This trade represents a 2.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 274,755 shares of company stock worth $17,088,761. 13.02% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

INTA has been the topic of a number of research reports. Raymond James restated a "market perform" rating on shares of Intapp in a research report on Friday, January 3rd. Barclays lowered their price objective on Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Citigroup reiterated a "neutral" rating on shares of Intapp in a research report on Monday, April 21st. Truist Financial decreased their price target on shares of Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, Stifel Nicolaus reduced their price objective on shares of Intapp from $75.00 to $65.00 and set a "buy" rating on the stock in a research note on Tuesday. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Intapp has an average rating of "Moderate Buy" and a consensus price target of $64.00.

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.