Intapp, Inc. (NASDAQ:INTA) Shares Purchased by Jennison Associates LLC

Jennison Associates LLC boosted its holdings in Intapp, Inc. (NASDAQ:INTA) by 12.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,293,014 shares of the company’s stock after acquiring an additional 140,697 shares during the quarter. Jennison Associates LLC’s holdings in Intapp were worth $49,160,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in Intapp by 60.0% in the 3rd quarter. Wellington Management Group LLP now owns 989,722 shares of the company’s stock valued at $33,175,000 after acquiring an additional 371,181 shares during the period. Vanguard Group Inc. increased its position in Intapp by 10.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,809,281 shares of the company’s stock valued at $94,167,000 after acquiring an additional 260,610 shares during the period. Charles Schwab Investment Management Inc. increased its position in Intapp by 27.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 190,375 shares of the company’s stock valued at $6,381,000 after acquiring an additional 40,444 shares during the period. Scout Investments Inc. acquired a new stake in Intapp in the 3rd quarter valued at approximately $5,145,000. Finally, Ameriprise Financial Inc. increased its position in shares of Intapp by 44.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,363,074 shares of the company’s stock valued at $45,690,000 after purchasing an additional 422,016 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intapp

In related news, major shareholder Great Hill Equity Partners Iv sold 7,000,000 shares of Intapp stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $36.27, for a total transaction of $253,890,000.00. Following the completion of the sale, the insider now owns 6,738,269 shares of the company’s stock, valued at $244,397,016.63. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Intapp news, Director George R. Neble sold 1,500 shares of the business’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $31.38, for a total value of $47,070.00. Following the completion of the sale, the director now owns 29,047 shares of the company’s stock, valued at $911,494.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Great Hill Equity Partners Iv sold 7,000,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $36.27, for a total value of $253,890,000.00. Following the completion of the sale, the insider now directly owns 6,738,269 shares of the company’s stock, valued at approximately $244,397,016.63. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,117,067 shares of company stock valued at $258,544,060. Insiders own 36.56% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Piper Sandler reiterated an “overweight” rating and set a $52.00 price target on shares of Intapp in a research report on Monday, February 26th. Truist Financial lifted their target price on Intapp from $46.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Citigroup decreased their target price on Intapp from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Tuesday. Barclays decreased their target price on Intapp from $47.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Finally, Stifel Nicolaus lifted their target price on Intapp from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, Intapp has an average rating of “Buy” and an average target price of $48.67.

Intapp Stock Up 1.0 %

Shares of Intapp stock opened at $30.91 on Wednesday. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $50.46. The business has a fifty day simple moving average of $35.24 and a 200-day simple moving average of $37.42.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Tuesday, February 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. The firm had revenue of $103.93 million during the quarter, compared to analysts’ expectations of $103.17 million. Intapp had a negative return on equity of 12.98% and a negative net margin of 13.81%. As a group, equities research analysts expect that Intapp, Inc. will post -0.53 EPS for the current year.

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.