Intapp, Inc. (NASDAQ:INTA) Shares Sold by EAM Investors LLC

EAM Investors LLC reduced its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 14.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,350 shares of the company's stock after selling 12,814 shares during the quarter. EAM Investors LLC owned 0.09% of Intapp worth $4,701,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of INTA. Barclays PLC lifted its holdings in Intapp by 90.1% during the third quarter. Barclays PLC now owns 106,781 shares of the company's stock valued at $5,108,000 after purchasing an additional 50,607 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Intapp by 9.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company's stock valued at $50,291,000 after buying an additional 95,035 shares during the period. Virtu Financial LLC acquired a new position in shares of Intapp in the 3rd quarter valued at $609,000. Sanctuary Advisors LLC purchased a new position in Intapp during the third quarter worth about $239,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Intapp during the 3rd quarter worth approximately $64,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Insider Activity

In other Intapp news, insider Michele Murgel sold 7,531 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $518,358.73. Following the completion of the sale, the insider now directly owns 223,945 shares of the company's stock, valued at $15,414,134.35. This represents a 3.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thad Jampol sold 112,928 shares of Intapp stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $59.27, for a total value of $6,693,242.56. Following the completion of the transaction, the insider now owns 857,250 shares in the company, valued at $50,809,207.50. This trade represents a 11.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 274,755 shares of company stock valued at $17,088,761. Insiders own 13.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Raymond James reiterated a "market perform" rating on shares of Intapp in a report on Friday, January 3rd. Truist Financial lowered their target price on Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. UBS Group lifted their price objective on Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Citigroup reissued a "neutral" rating and set a $78.00 price objective (down from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $71.00 target price (up previously from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $64.91.

Intapp Stock Performance

INTA stock traded down $4.07 during midday trading on Monday, reaching $47.44. 227,907 shares of the company were exchanged, compared to its average volume of 655,708. The stock's 50-day simple moving average is $60.66 and its 200 day simple moving average is $61.07. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $77.74. The company has a market cap of $3.77 billion, a price-to-earnings ratio of -163.58 and a beta of 0.82.

Intapp (NASDAQ:INTA - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) EPS 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 anticipate that Intapp, Inc. will post -0.14 earnings per share for the current 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.