476,869 Shares in Intapp, Inc. (NASDAQ:INTA) Acquired by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC acquired a new position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 476,869 shares of the company's stock, valued at approximately $30,563,000. Lord Abbett & CO. LLC owned approximately 0.60% of Intapp at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Voya Investment Management LLC lifted its position in Intapp by 678.8% in the 4th quarter. Voya Investment Management LLC now owns 99,087 shares of the company's stock valued at $6,350,000 after acquiring an additional 86,364 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in Intapp by 8.7% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,197,486 shares of the company's stock valued at $76,747,000 after acquiring an additional 95,761 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Intapp by 669.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 152,992 shares of the company's stock valued at $9,806,000 after acquiring an additional 133,108 shares in the last quarter. MetLife Investment Management LLC lifted its position in Intapp by 41.4% in the 4th quarter. MetLife Investment Management LLC now owns 32,105 shares of the company's stock valued at $2,058,000 after acquiring an additional 9,395 shares in the last quarter. Finally, Capital World Investors lifted its position in Intapp by 30.3% in the 4th quarter. Capital World Investors now owns 1,701,939 shares of the company's stock valued at $109,077,000 after acquiring an additional 395,804 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

Intapp Stock Performance

Intapp stock traded up $0.45 during mid-day trading on Tuesday, reaching $54.55. The company's stock had a trading volume of 327,918 shares, compared to its average volume of 654,792. Intapp, Inc. has a 12-month low of $30.42 and a 12-month high of $77.74. The company has a market capitalization of $4.33 billion, a P/E ratio of -188.10 and a beta of 0.82. The firm's fifty day moving average price is $57.91 and its two-hundred day moving average price is $61.27.

Intapp (NASDAQ:INTA - Get Free Report) last released its quarterly earnings data 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 net margin of 4.78% and a negative return on equity of 1.86%. On average, research analysts predict that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

INTA has been the topic of several recent analyst reports. UBS Group lifted their target price on shares of Intapp from $89.00 to $92.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Stifel Nicolaus dropped their target price on shares of Intapp from $75.00 to $65.00 and set a "buy" rating on the stock in a research report on Tuesday. Truist Financial dropped their target price on shares of Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Citigroup reissued a "neutral" rating on shares of Intapp in a research report on Monday, April 21st. Finally, Piper Sandler reissued an "overweight" rating and set a $71.00 target price (up previously from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Intapp has an average rating of "Moderate Buy" and a consensus target price of $64.00.

Insider Activity at Intapp

In other Intapp news, insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction dated 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. The trade was a 2.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 dated Thursday, February 20th. The stock was 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. The trade was a 3.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 274,755 shares of company stock worth $17,088,761. Corporate insiders own 13.02% of the company's stock.

About Intapp

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.