Nordea Investment Management AB Acquires 3,819 Shares of Intapp, Inc. (NASDAQ:INTA)

Nordea Investment Management AB lifted its holdings in shares of Intapp, Inc. (NASDAQ:INTA) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,940 shares of the company’s stock after purchasing an additional 3,819 shares during the period. Nordea Investment Management AB owned 0.14% of Intapp worth $6,860,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in shares of Intapp by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 145,205 shares of the company’s stock worth $5,325,000 after buying an additional 10,789 shares in the last quarter. Rhumbline Advisers boosted its stake in Intapp by 9.6% during the second quarter. Rhumbline Advisers now owns 54,656 shares of the company’s stock worth $2,004,000 after acquiring an additional 4,794 shares in the last quarter. Federated Hermes Inc. grew its holdings in Intapp by 9.8% in the second quarter. Federated Hermes Inc. now owns 7,805 shares of the company’s stock worth $286,000 after purchasing an additional 694 shares during the period. Dimensional Fund Advisors LP increased its stake in Intapp by 18.4% in the second quarter. Dimensional Fund Advisors LP now owns 686,496 shares of the company’s stock valued at $25,173,000 after purchasing an additional 106,668 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new position in shares of Intapp during the second quarter valued at about $763,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Intapp Stock Performance

NASDAQ:INTA opened at $63.34 on Friday. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $71.34. The firm has a 50-day moving average price of $62.40 and a two-hundred day moving average price of $49.18. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of -218.41 and a beta of 0.73.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The company had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. During the same period last year, the business posted ($0.20) earnings per share. Intapp’s revenue was up 17.0% on a year-over-year basis. As a group, sell-side analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current year.

Insider Activity at Intapp

In related news, CEO John T. Hall sold 44,009 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total transaction of $2,609,733.70. Following the sale, the chief executive officer now directly owns 5,093,692 shares in the company, valued at approximately $302,055,935.60. The trade was a 0.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Scott Fitzgerald sold 3,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $64.38, for a total value of $193,140.00. Following the completion of the transaction, the chief marketing officer now owns 39,212 shares of the company’s stock, valued at approximately $2,524,468.56. This represents a 7.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 387,624 shares of company stock worth $23,963,304. 13.02% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Stifel Nicolaus raised their target price on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. boosted their price objective on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Piper Sandler reiterated an “overweight” rating and issued a $60.00 target price (up from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Truist Financial boosted their price target on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Barclays raised their price objective on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $60.64.

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.