Intapp, Inc. (NASDAQ:INTA) Shares Acquired by Corebridge Financial Inc.

Corebridge Financial Inc. boosted its holdings in Intapp, Inc. (NASDAQ:INTA) by 27.0% in the fourth quarter, HoldingsChannel.com reports. 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 filing with the Securities and Exchange Commission (SEC).

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

Intapp Stock Up 0.2 %

NASDAQ INTA opened at $59.55 on Thursday. The stock has a market capitalization of $4.73 billion, a PE ratio of -205.34 and a beta of 0.76. The company has a 50 day moving average price of $65.82 and a two-hundred day moving average price of $60.66. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $77.74.

Intapp (NASDAQ:INTA) last issued 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%. As a group, equities analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus lifted their price target on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Piper Sandler reissued an “overweight” rating and issued a $71.00 price target (up from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Raymond James reissued a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. 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 report on Monday, December 9th. Finally, UBS Group lifted 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. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.45.

Insider Transactions at Intapp

In related news, insider Michele Murgel sold 7,531 shares of Intapp stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $518,358.73. Following the sale, the insider now directly owns 223,945 shares of the company’s stock, valued at $15,414,134.35. This trade represents a 3.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John T. Hall sold 8,000 shares of Intapp stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $57.15, for a total value of $457,200.00. Following the sale, the chief executive officer now directly owns 5,236,895 shares in the company, valued at $299,288,549.25. The trade was a 0.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 181,827 shares of company stock worth $11,632,518. Company 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.