The Manufacturers Life Insurance Company Grows Position in Intapp, Inc. (NASDAQ:INTA)

The Manufacturers Life Insurance Company increased its holdings in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 22.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,510 shares of the company's stock after acquiring an additional 5,695 shares during the quarter. The Manufacturers Life Insurance Company's holdings in Intapp were worth $1,955,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Invesco Ltd. grew 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 valued at $126,931,000 after purchasing an additional 1,950,526 shares during the last quarter. Vanguard Group Inc. increased its position in Intapp by 11.8% during the 4th 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 period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Intapp by 408.0% during 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 in the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Intapp in the fourth quarter valued at about $30,563,000. Finally, Capital World Investors increased its position in Intapp by 30.3% during the fourth quarter. Capital World Investors now owns 1,701,939 shares of the company's stock worth $109,077,000 after acquiring an additional 395,804 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

INTA has been the subject of a number of analyst reports. Stifel Nicolaus dropped their price target on shares of Intapp from $75.00 to $65.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Citigroup reaffirmed a "neutral" rating on shares of Intapp in a research report on Monday, April 21st. Barclays decreased their target price 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. UBS Group reduced their price objective on Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Truist Financial lowered their price target on shares of Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $66.89.

Intapp Price Performance

Shares of INTA traded up $1.29 during trading hours on Friday, hitting $58.22. The stock had a trading volume of 276,464 shares, compared to its average volume of 632,543. Intapp, Inc. has a 1-year low of $31.08 and a 1-year high of $77.74. The firm has a market capitalization of $4.71 billion, a P/E ratio of -200.75 and a beta of 0.84. The firm has a 50 day simple moving average of $56.03 and a 200-day simple moving average of $61.70.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.04. Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. The business had revenue of $129.07 million during the quarter, compared to analyst estimates of $128.84 million. During the same quarter in the previous year, the business posted $0.14 EPS. Intapp's quarterly revenue was up 16.7% on a year-over-year basis. Equities analysts predict that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Insider Activity at Intapp

In other news, insider Thad Jampol sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $56.65, for a total transaction of $283,250.00. Following the completion of the sale, the insider now owns 857,250 shares in the company, valued at $48,563,212.50. This trade represents a 0.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO David H. Morton, Jr. sold 5,445 shares of the company'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 transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders sold 279,755 shares of company stock valued at $17,372,011. 13.02% of the stock is owned by 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.