476,869 Shares in Intapp, Inc. (NASDAQ:INTA) Acquired by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC bought a new stake in Intapp, Inc. (NASDAQ:INTA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 476,869 shares of the company's stock, valued at approximately $30,563,000. Lord Abbett & CO. LLC owned 0.60% of Intapp as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Intapp by 11.8% during the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company's stock valued at $408,139,000 after buying an additional 672,832 shares in the last quarter. Invesco Ltd. increased its stake in shares of Intapp by 6,506.1% during the fourth quarter. Invesco Ltd. now owns 1,980,506 shares of the company's stock valued at $126,931,000 after purchasing an additional 1,950,526 shares in the last quarter. Capital World Investors lifted its holdings in shares of Intapp by 30.3% during the fourth quarter. Capital World Investors now owns 1,701,939 shares of the company's stock valued at $109,077,000 after purchasing an additional 395,804 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Intapp by 4.0% in the 4th quarter. Alliancebernstein L.P. now owns 1,654,866 shares of the company's stock worth $106,060,000 after purchasing an additional 63,443 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Intapp by 18.6% during the 4th quarter. Geode Capital Management LLC now owns 1,247,247 shares of the company's stock valued at $79,953,000 after buying an additional 196,010 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Intapp news, insider Thad Jampol sold 112,928 shares of Intapp stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $59.27, for a total transaction of $6,693,242.56. Following the completion of the sale, the insider now owns 857,250 shares of the company's stock, valued at approximately $50,809,207.50. The trade was a 11.64 % decrease in their position. The sale 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 Intapp stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $518,358.73. Following the sale, the insider now owns 223,945 shares of the company's stock, valued at approximately $15,414,134.35. The trade was a 3.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 274,755 shares of company stock valued at $17,088,761 over the last three months. 13.02% of the stock is owned by company insiders.

Intapp Trading Up 2.2 %

INTA traded up $1.18 during trading on Thursday, hitting $55.44. 552,085 shares of the company traded hands, compared to its average volume of 654,250. The stock's 50-day simple moving average is $57.67 and its two-hundred day simple moving average is $61.22. Intapp, Inc. has a 1 year low of $30.42 and a 1 year high of $77.74. The company has a market cap of $4.40 billion, a PE ratio of -191.17 and a beta of 0.82.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) EPS 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%. Equities analysts expect that Intapp, Inc. will post -0.14 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on INTA shares. Raymond James restated a "market perform" rating on shares of Intapp in a report on Friday, January 3rd. UBS Group raised their price target on shares of Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Barclays cut their target price on Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Citigroup reaffirmed a "neutral" rating on shares of Intapp in a research report on Monday, April 21st. Finally, Truist Financial decreased their target price on Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $64.00.

About Intapp

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.