Legal & General Group Plc Has $3.90 Million Position in Intapp, Inc. (NASDAQ:INTA)

Legal & General Group Plc increased its position in shares of Intapp, Inc. (NASDAQ:INTA) by 10.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,920 shares of the company’s stock after acquiring an additional 5,752 shares during the period. Legal & General Group Plc owned about 0.08% of Intapp worth $3,904,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds 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 bought a new stake in shares of Intapp during the 4th quarter worth $25,000. SBI Securities Co. Ltd. bought a new position in Intapp in the fourth quarter valued at about $32,000. Wilmington Savings Fund Society FSB acquired a new position in Intapp during the third quarter worth about $64,000. Finally, Huntington National Bank lifted its holdings in shares of Intapp by 53.2% in the fourth quarter. Huntington National Bank now owns 1,474 shares of the company’s stock worth $94,000 after acquiring an additional 512 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

Intapp Trading Up 2.9 %

NASDAQ INTA opened at $49.89 on Wednesday. The firm has a market capitalization of $3.96 billion, a PE ratio of -172.03 and a beta of 0.82. The business’s 50-day moving average price is $59.72 and its two-hundred day moving average price is $61.00. Intapp, Inc. has a 12 month low of $30.42 and a 12 month high of $77.74.

Intapp (NASDAQ:INTA) last announced its earnings results 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 net margin of 4.78% and a negative return on equity of 1.86%. As a group, analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on INTA. Piper Sandler reaffirmed an “overweight” rating and set a $71.00 price target (up from $60.00) on shares of Intapp in a report on Tuesday, February 4th. UBS Group boosted their target price on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Barclays dropped their price target on Intapp from $68.00 to $60.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Citigroup restated a “neutral” rating and set a $78.00 price objective (down previously from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Finally, Raymond James reiterated 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $64.91.

Insider Buying and Selling

In related news, insider Thad Jampol sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $57.15, for a total transaction of $1,143,000.00. Following the completion of the sale, the insider now owns 857,250 shares of the company’s stock, valued at $48,991,837.50. This trade represents a 2.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michele Murgel sold 7,531 shares of the business’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 $518,358.73. Following the completion of the transaction, the insider now directly owns 223,945 shares in the company, valued at approximately $15,414,134.35. This trade represents a 3.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 274,755 shares of company stock valued at $17,088,761 over the last quarter. 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.