Northern Trust Corp Purchases 141,352 Shares of Intapp, Inc. (NASDAQ:INTA)

Northern Trust Corp grew its position in Intapp, Inc. (NASDAQ:INTA - Free Report) by 36.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 526,987 shares of the company's stock after purchasing an additional 141,352 shares during the quarter. Northern Trust Corp owned about 0.66% of Intapp worth $33,775,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in INTA. Raleigh Capital Management Inc. bought a new stake in Intapp during the fourth quarter worth $25,000. Global Retirement Partners LLC acquired a new stake in Intapp during the 4th quarter worth about $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of Intapp in the 4th quarter valued at about $32,000. Johnson Financial Group Inc. grew its stake in shares of Intapp by 273.8% in the 4th quarter. Johnson Financial Group Inc. now owns 826 shares of the company's stock valued at $53,000 after buying an additional 605 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Intapp in the 3rd quarter valued at about $64,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Insiders Place Their Bets

In other news, insider Thad Jampol sold 5,000 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $56.65, for a total value of $283,250.00. Following the completion of the sale, the insider now directly owns 857,250 shares of the company's stock, valued at $48,563,212.50. This represents a 0.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the chief executive officer now directly owns 5,258,576 shares of the company's stock, valued at approximately $361,947,786.08. This trade represents a 0.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 279,755 shares of company stock worth $17,372,011. Company insiders own 13.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on INTA. UBS Group dropped their price target on shares of Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Stifel Nicolaus lowered their price target on shares of Intapp from $75.00 to $65.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Citigroup reaffirmed a "neutral" rating on shares of Intapp in a report on Monday, April 21st. Piper Sandler reduced their price objective on shares of Intapp from $71.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Finally, Barclays reduced their price objective on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Intapp currently has a consensus rating of "Moderate Buy" and an average price target of $66.89.

Intapp Price Performance

Intapp stock traded up $1.18 during midday trading on Friday, reaching $58.11. 306,672 shares of the company traded hands, compared to its average volume of 642,577. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of -200.36 and a beta of 0.84. The business has a 50 day moving average of $56.03 and a two-hundred day moving average of $61.70. Intapp, Inc. has a 12 month low of $31.08 and a 12 month high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.04. The company had revenue of $129.07 million for the quarter, compared to the consensus estimate of $128.84 million. Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. The firm's revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 earnings per share. As a group, equities analysts forecast that Intapp, Inc. will post -0.14 EPS for the current 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.