Legal & General Group Plc Grows Stake in Intapp, Inc. (NASDAQ:INTA)

Legal & General Group Plc raised its holdings in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 10.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 60,920 shares of the company's stock after purchasing an additional 5,752 shares during the period. Legal & General Group Plc owned 0.08% of Intapp worth $3,904,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in INTA. Raleigh Capital Management Inc. purchased a new position in Intapp during the 4th quarter valued at about $25,000. Global Retirement Partners LLC purchased a new position in Intapp during the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. purchased a new position in Intapp during the 4th quarter valued at about $32,000. Wilmington Savings Fund Society FSB bought a new position in shares of Intapp during the 3rd quarter worth approximately $64,000. Finally, Huntington National Bank lifted its position in Intapp by 53.2% during the fourth 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. Hedge funds and other institutional investors own 89.96% of the company's stock.

Analyst Upgrades and Downgrades

INTA has been the topic of several analyst reports. Barclays cut their price target on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Citigroup reaffirmed 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 target (up previously from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Truist Financial dropped their price target on Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Finally, Raymond James reaffirmed a "market perform" rating on shares of Intapp in a research report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $64.91.

Intapp Stock Down 0.5 %

Shares of NASDAQ:INTA traded down $0.28 during midday trading on Monday, reaching $54.10. The company's stock had a trading volume of 272,328 shares, compared to its average volume of 655,144. The stock has a fifty day moving average of $58.20 and a 200 day moving average of $61.31. 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 $4.30 billion, a PE ratio of -186.55 and a beta of 0.82.

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

Insider Buying and Selling at Intapp

In related news, insider Thad Jampol sold 112,928 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $59.27, for a total value of $6,693,242.56. Following the completion of the transaction, the insider now owns 857,250 shares of the company's stock, valued at approximately $50,809,207.50. This represents a 11.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David H. Morton, Jr. sold 5,445 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $374,779.35. Following the completion of the sale, the chief financial officer now directly owns 38,996 shares in the company, valued at approximately $2,684,094.68. The trade was a 12.25 % 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 valued at $17,088,761. 13.02% of the stock is owned by company insiders.

Intapp 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.