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

Jennison Associates LLC reduced its holdings in Intapp, Inc. (NASDAQ:INTA) by 7.3% during the 3rd quarter, Holdings Channel reports. The fund owned 1,538,286 shares of the company’s stock after selling 121,145 shares during the period. Jennison Associates LLC’s holdings in Intapp were worth $73,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its holdings in Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 527 shares during the last quarter. J.Safra Asset Management Corp lifted its holdings in shares of Intapp by 634.0% in the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after buying an additional 615 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Intapp by 239.1% in the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after buying an additional 581 shares during the last quarter. Blue Trust Inc. acquired a new stake in Intapp during the second quarter worth about $30,000. Finally, Quest Partners LLC purchased a new position in Intapp during the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insider Transactions at Intapp

In other Intapp news, insider Michele Murgel sold 1,252 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $62,600.00. Following the completion of the sale, the insider now directly owns 152,702 shares in the company, valued at $7,635,100. This represents a 0.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Donald F. Coleman sold 35,778 shares of Intapp stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $54.23, for a total value of $1,940,240.94. Following the transaction, the chief operating officer now owns 668,239 shares in the company, valued at approximately $36,238,600.97. This represents a 5.08 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 237,017 shares of company stock valued at $12,156,222. Corporate insiders own 13.02% of the company’s stock.

Analyst Ratings Changes

INTA has been the topic of several recent research reports. Bank of America dropped their price objective on shares of Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Truist Financial restated a “buy” rating and set a $55.00 price target (up previously from $47.00) on shares of Intapp in a research report on Tuesday, November 5th. Raymond James upped their price objective on shares of Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. UBS Group raised their target price on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Citigroup upped their price target on Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.55.

Intapp Trading Up 0.8 %

NASDAQ:INTA opened at $58.37 on Thursday. The stock has a 50 day moving average of $50.72 and a two-hundred day moving average of $41.94. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $60.88. The firm has a market cap of $4.52 billion, a P/E ratio of -201.28 and a beta of 0.64.

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

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.