MetLife Investment Management LLC Has $2.06 Million Stock Holdings in Intapp, Inc. (NASDAQ:INTA)

MetLife Investment Management LLC grew its holdings in Intapp, Inc. (NASDAQ:INTA) by 41.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,105 shares of the company’s stock after buying an additional 9,395 shares during the quarter. MetLife Investment Management LLC’s holdings in Intapp were worth $2,058,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INTA. Vanguard Group Inc. boosted its holdings in Intapp by 11.8% in the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock valued at $408,139,000 after acquiring an additional 672,832 shares during the last quarter. Invesco Ltd. boosted its holdings in Intapp by 6,506.1% in the fourth quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock valued at $126,931,000 after acquiring an additional 1,950,526 shares during the last quarter. Capital World Investors boosted its holdings in Intapp by 30.3% in the fourth 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 during the last quarter. Alliancebernstein L.P. boosted its holdings in Intapp by 4.0% in the fourth quarter. Alliancebernstein L.P. now owns 1,654,866 shares of the company’s stock valued at $106,060,000 after acquiring an additional 63,443 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Intapp by 18.6% in the fourth quarter. Geode Capital Management LLC now owns 1,247,247 shares of the company’s stock valued at $79,953,000 after acquiring an additional 196,010 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Michele Murgel sold 1,962 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $60.00, for a total transaction of $117,720.00. Following the completion of the transaction, the insider now owns 182,462 shares in the company, valued at approximately $10,947,720. This represents a 1.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thad Jampol sold 112,928 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $59.27, for a total transaction of $6,693,242.56. Following the transaction, the insider now owns 857,250 shares of the company’s stock, valued at $50,809,207.50. The trade was a 11.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 274,755 shares of company stock worth $17,088,761 over the last quarter. 13.02% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

INTA has been the topic of several recent research reports. Piper Sandler reiterated an “overweight” rating and issued a $71.00 price target (up previously from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Truist Financial reduced their target price on Intapp from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. UBS Group raised their target price on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Raymond James restated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Finally, Barclays reduced their target price on Intapp from $68.00 to $60.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.91.

Intapp Stock Down 0.5 %

Intapp stock opened at $54.10 on Tuesday. The stock has a market capitalization of $4.30 billion, a PE ratio of -186.55 and a beta of 0.82. Intapp, Inc. has a twelve month low of $30.42 and a twelve month high of $77.74. The company has a 50 day moving average of $58.20 and a 200-day moving average of $61.31.

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

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.