Intapp, Inc. (NASDAQ:INTA) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in shares of Intapp, Inc. (NASDAQ:INTA) by 14.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 851,139 shares of the company’s stock after selling 144,608 shares during the period. Wellington Management Group LLP’s holdings in Intapp were worth $54,549,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in INTA. Raleigh Capital Management Inc. acquired a new stake in Intapp in the 4th quarter valued at approximately $25,000. Global Retirement Partners LLC purchased a new position in shares of Intapp during the fourth quarter worth $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of Intapp in the fourth quarter valued at $32,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Intapp in the 3rd quarter valued at $64,000. Finally, OFI Invest Asset Management purchased a new position in Intapp during the 4th quarter valued at about $102,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

INTA has been the topic of a number of recent research reports. Raymond James reiterated a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Citigroup reaffirmed a “neutral” rating and set a $78.00 target price (down from $87.00) on shares of Intapp in a research note on Thursday, January 16th. UBS Group raised their price target on shares of Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Piper Sandler reaffirmed an “overweight” rating and set a $71.00 price objective (up previously from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lifted their target price on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $66.45.

Insider Transactions at Intapp

In related news, insider Michele Murgel sold 1,962 shares of Intapp 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 sale, the insider now directly owns 182,462 shares in the company, valued at $10,947,720. This trade represents a 1.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Scott Fitzgerald sold 2,086 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $64.54, for a total transaction of $134,630.44. Following the completion of the sale, the chief marketing officer now directly owns 47,517 shares of the company’s stock, valued at approximately $3,066,747.18. This trade represents a 4.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 294,755 shares of company stock worth $18,325,761. 13.02% of the stock is currently owned by insiders.

Intapp Price Performance

Intapp stock opened at $50.95 on Friday. The stock has a market cap of $4.05 billion, a PE ratio of -175.68 and a beta of 0.82. The stock’s fifty day moving average is $65.12 and its two-hundred day moving average is $60.73. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $77.74.

Intapp (NASDAQ:INTA) last issued its 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 return on equity of 1.86% and a negative net margin of 4.78%. On average, research analysts expect that Intapp, Inc. will post -0.14 earnings per share 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.