The Manufacturers Life Insurance Company Raises Stock Holdings in Intapp, Inc. (NASDAQ:INTA)

The Manufacturers Life Insurance Company lifted its holdings in Intapp, Inc. (NASDAQ:INTA - Free Report) by 22.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,510 shares of the company's stock after buying an additional 5,695 shares during the quarter. The Manufacturers Life Insurance Company's holdings in Intapp were worth $1,955,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Johnson Financial Group Inc. grew its stake in Intapp by 273.8% in the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company's stock worth $53,000 after purchasing an additional 605 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Intapp in the fourth quarter worth approximately $1,772,000. Lord Abbett & CO. LLC bought a new position in Intapp in the fourth quarter worth approximately $30,563,000. Voya Investment Management LLC grew its stake in Intapp by 678.8% in the fourth quarter. Voya Investment Management LLC now owns 99,087 shares of the company's stock worth $6,350,000 after purchasing an additional 86,364 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its stake in Intapp by 8.7% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,197,486 shares of the company's stock worth $76,747,000 after purchasing an additional 95,761 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on INTA. UBS Group dropped 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. Stifel Nicolaus dropped their price objective on Intapp from $75.00 to $65.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Barclays dropped their target price on Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Piper Sandler dropped their target price on Intapp from $71.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Finally, Truist Financial dropped their target price on Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $66.89.

Intapp Trading Down 1.2%

Shares of NASDAQ INTA opened at $53.86 on Monday. Intapp, Inc. has a 12-month low of $31.08 and a 12-month high of $77.74. The stock's fifty day simple moving average is $56.39 and its two-hundred day simple moving average is $61.68. The stock has a market capitalization of $4.36 billion, a PE ratio of -185.72 and a beta of 0.84.

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

Insider Activity

In other news, insider Michele Murgel sold 1,962 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $60.00, for a total transaction of $117,720.00. Following the completion of the sale, the insider now owns 182,462 shares in the company, valued at approximately $10,947,720. This represents a 1.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David H. Morton, Jr. sold 5,445 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was 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 of the company's stock, valued at $2,684,094.68. This trade represents a 12.25% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 279,755 shares of company stock worth $17,372,011. Insiders own 13.02% of the company's stock.

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.

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