Prudential Financial Inc. Has $42.89 Million Stake in Intapp, Inc. (NASDAQ:INTA)

Prudential Financial Inc. grew its position in Intapp, Inc. (NASDAQ:INTA) by 92.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 669,277 shares of the company’s stock after purchasing an additional 321,329 shares during the period. Prudential Financial Inc. owned approximately 0.84% of Intapp worth $42,894,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Corebridge Financial Inc. boosted its position in Intapp by 27.0% during the 4th quarter. Corebridge Financial Inc. now owns 26,515 shares of the company’s stock worth $1,699,000 after acquiring an additional 5,642 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Intapp by 11.8% in the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock worth $408,139,000 after purchasing an additional 672,832 shares in the last quarter. LPL Financial LLC boosted its holdings in Intapp by 16.5% during the fourth quarter. LPL Financial LLC now owns 20,706 shares of the company’s stock worth $1,327,000 after purchasing an additional 2,925 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Intapp in the fourth quarter valued at $673,000. Finally, Sei Investments Co. increased its stake in Intapp by 73.4% in the 4th quarter. Sei Investments Co. now owns 84,473 shares of the company’s stock valued at $5,414,000 after buying an additional 35,764 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Intapp

In other Intapp news, CEO John T. Hall sold 33,227 shares of the 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 $2,287,014.41. Following the transaction, the chief executive officer now owns 5,258,576 shares in the company, valued at $361,947,786.08. This represents a 0.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michele Murgel sold 1,962 shares of Intapp stock in a transaction that occurred on Wednesday, March 19th. The shares were 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 of the company’s stock, valued at approximately $10,947,720. The trade was a 1.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 184,827 shares of company stock valued at $11,825,658. 13.02% of the stock is currently owned by corporate insiders.

Intapp Stock Up 4.2 %

Intapp stock opened at $64.18 on Wednesday. The company’s 50-day moving average price is $66.77 and its two-hundred day moving average price is $60.11. The stock has a market cap of $5.10 billion, a P/E ratio of -221.30 and a beta of 0.76. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $77.74.

Intapp (NASDAQ:INTA) last posted 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%. Equities analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Stifel Nicolaus increased their price objective on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Piper Sandler reissued an “overweight” rating and set a $71.00 price target (up from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. UBS Group boosted their price target on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. upped their price target on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Raymond James reissued a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.45.

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.