Prudential Financial Inc. Increases Holdings in Intapp, Inc. (NASDAQ:INTA)

Prudential Financial Inc. boosted its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 92.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 669,277 shares of the company's stock after purchasing an additional 321,329 shares during the period. Prudential Financial Inc. owned 0.84% of Intapp worth $42,894,000 as of its most recent filing with the SEC.

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

Intapp Price Performance

NASDAQ INTA traded down $1.68 during trading hours on Friday, reaching $59.91. The company's stock had a trading volume of 348,337 shares, compared to its average volume of 647,024. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $77.74. The stock has a market cap of $4.76 billion, a P/E ratio of -206.58 and a beta of 0.76. The firm has a fifty day simple moving average of $66.42 and a 200-day simple moving average of $60.23.

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Intapp (NASDAQ:INTA - Get Free Report) last announced its 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%. On average, research analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current year.

Analysts Set New Price Targets

INTA has been the subject of several research reports. JPMorgan Chase & Co. raised their price objective 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. Truist Financial increased their target price on shares of Intapp from $55.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. UBS Group upped their price objective 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. Barclays raised their target price on shares of Intapp from $63.00 to $68.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. Finally, Piper Sandler reissued an "overweight" rating and set a $71.00 price target (up previously from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.45.

Insiders Place Their Bets

In other Intapp news, insider Michele Murgel sold 1,962 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $60.00, for a total value of $117,720.00. Following the completion of the transaction, the insider now owns 182,462 shares in the company, valued at $10,947,720. This represents a 1.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David H. Morton, Jr. sold 5,445 shares of Intapp 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 sale, the chief financial officer now owns 38,996 shares in the company, valued at $2,684,094.68. The trade was a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 184,827 shares of company stock valued at $11,825,658. Corporate 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.