Corebridge Financial Inc. Raises Holdings in Intapp, Inc. (NASDAQ:INTA)

Corebridge Financial Inc. increased its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 27.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,515 shares of the company's stock after acquiring an additional 5,642 shares during the period. Corebridge Financial Inc.'s holdings in Intapp were worth $1,699,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Raleigh Capital Management Inc. acquired a new stake in shares of Intapp in the fourth quarter valued at approximately $25,000. Global Retirement Partners LLC acquired a new position in shares of Intapp during the 4th quarter worth about $25,000. SBI Securities Co. Ltd. acquired a new position in Intapp during the fourth quarter worth approximately $32,000. Wilmington Savings Fund Society FSB bought a new stake in Intapp in the 3rd quarter valued at $64,000. Finally, OFI Invest Asset Management bought a new position in shares of Intapp in the fourth quarter valued at about $102,000. 89.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on INTA. Stifel Nicolaus increased their price objective on Intapp from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Barclays raised their target price on Intapp from $63.00 to $68.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. Citigroup restated a "neutral" rating and issued a $78.00 price target (down from $87.00) on shares of Intapp in a research note on Thursday, January 16th. JPMorgan Chase & Co. increased their price target on Intapp from $58.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Finally, UBS Group upped their price target on shares of Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $66.45.

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Intapp Trading Down 6.8 %

INTA stock traded down $3.74 during mid-day trading on Friday, reaching $50.95. The company's stock had a trading volume of 652,052 shares, compared to its average volume of 650,001. The business's 50 day moving average price is $65.12 and its 200 day moving average price is $60.64. The company has a market cap of $4.05 billion, a price-to-earnings ratio of -175.68 and a beta of 0.76. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates 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 expect that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling at Intapp

In other news, CEO John T. Hall sold 33,227 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $2,287,014.41. Following the completion of the transaction, the chief executive officer now directly owns 5,258,576 shares of the company's stock, valued at $361,947,786.08. This represents a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michele Murgel sold 7,531 shares of the company's stock in a transaction 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 owns 223,945 shares of the company's stock, valued at $15,414,134.35. This trade represents a 3.25 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 181,827 shares of company stock valued at $11,632,518. Corporate insiders own 13.02% of the company's stock.

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.