Capital World Investors Purchases 395,804 Shares of Intapp, Inc. (NASDAQ:INTA)

Capital World Investors raised its stake in Intapp, Inc. (NASDAQ:INTA - Free Report) by 30.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,701,939 shares of the company's stock after buying an additional 395,804 shares during the period. Capital World Investors owned approximately 2.14% of Intapp worth $109,077,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of INTA. Invesco Ltd. lifted its holdings in shares of Intapp by 6,506.1% during the 4th quarter. Invesco Ltd. now owns 1,980,506 shares of the company's stock worth $126,931,000 after acquiring an additional 1,950,526 shares during the period. Vanguard Group Inc. increased its holdings in Intapp by 11.8% in the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company's stock valued at $408,139,000 after purchasing an additional 672,832 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Intapp by 408.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 720,994 shares of the company's stock worth $46,209,000 after acquiring an additional 579,075 shares in the last quarter. Prudential Financial Inc. lifted its holdings in Intapp by 92.3% in the 4th quarter. Prudential Financial Inc. now owns 669,277 shares of the company's stock worth $42,894,000 after buying an additional 321,329 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its holdings in Intapp by 36.4% during the 4th quarter. Artisan Partners Limited Partnership now owns 906,858 shares of the company's stock worth $58,121,000 after purchasing an additional 241,862 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO David H. Morton, Jr. sold 5,445 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 value of $374,779.35. Following the transaction, the chief financial officer now owns 38,996 shares of the company's stock, valued at $2,684,094.68. This represents a 12.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michele Murgel sold 7,531 shares of the company's stock in a transaction dated 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 sale, the insider now owns 223,945 shares of the company's stock, valued at $15,414,134.35. This represents a 3.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 274,755 shares of company stock worth $17,088,761. Corporate insiders own 13.02% of the company's stock.

Intapp Stock Performance

Shares of INTA traded down $0.02 during trading hours on Friday, hitting $54.38. 262,651 shares of the company were exchanged, compared to its average volume of 654,132. The firm's 50 day moving average is $58.95 and its 200-day moving average is $61.01. Intapp, Inc. has a 52 week low of $30.42 and a 52 week high of $77.74. The company has a market cap of $4.32 billion, a PE ratio of -187.51 and a beta of 0.82.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. As a group, equities analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on INTA shares. Piper Sandler reiterated an "overweight" rating and set a $71.00 target price (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. UBS Group boosted their price objective on Intapp from $89.00 to $92.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Raymond James reissued a "market perform" rating on shares of Intapp in a research note on Friday, January 3rd. Citigroup reaffirmed a "neutral" rating on shares of Intapp in a research note on Monday. Finally, Truist Financial dropped their price target on Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $64.91.

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.