Intapp, Inc. (NASDAQ:INTA) Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC lowered its position in Intapp, Inc. (NASDAQ:INTA - Free Report) by 23.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,067,152 shares of the company's stock after selling 324,501 shares during the quarter. GW&K Investment Management LLC owned 1.34% of Intapp worth $62,300,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Intapp by 11.8% in the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company's stock worth $408,139,000 after buying an additional 672,832 shares in the last quarter. Invesco Ltd. raised its stake in shares of Intapp by 6,506.1% in the 4th quarter. Invesco Ltd. now owns 1,980,506 shares of the company's stock valued at $126,931,000 after purchasing an additional 1,950,526 shares in the last quarter. Capital World Investors raised its stake in shares of Intapp by 30.3% in the 4th quarter. Capital World Investors now owns 1,701,939 shares of the company's stock valued at $109,077,000 after purchasing an additional 395,804 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Intapp by 4.0% in the 4th quarter. Alliancebernstein L.P. now owns 1,654,866 shares of the company's stock valued at $106,060,000 after purchasing an additional 63,443 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Intapp by 0.9% in the 1st quarter. Jennison Associates LLC now owns 1,550,010 shares of the company's stock valued at $90,490,000 after purchasing an additional 13,577 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on INTA. Truist Financial cut their target price on shares of Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Stifel Nicolaus lowered their price objective on shares of Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, July 8th. Barclays downgraded shares of Intapp from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $60.00 to $44.00 in a research report on Monday, July 14th. UBS Group decreased their price objective on shares of Intapp from $92.00 to $83.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Finally, Piper Sandler upgraded shares of Intapp to a "neutral" rating and set a $55.00 price target for the company in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $60.11.

Insider Transactions at Intapp

In other Intapp news, CEO John T. Hall sold 8,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $55.28, for a total transaction of $442,240.00. Following the transaction, the chief executive officer directly owned 5,445,335 shares in the company, valued at $301,018,118.80. This trade represents a 0.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Donald F. Coleman sold 2,809 shares of Intapp stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $56.77, for a total transaction of $159,466.93. Following the completion of the sale, the chief operating officer owned 435,076 shares in the company, valued at approximately $24,699,264.52. This trade represents a 0.64% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,913 shares of company stock valued at $4,257,984. Company insiders own 13.02% of the company's stock.

Intapp Price Performance

NASDAQ:INTA opened at $42.54 on Monday. The firm's 50 day simple moving average is $52.51 and its 200 day simple moving average is $58.66. Intapp, Inc. has a one year low of $31.08 and a one year high of $77.74. The company has a market cap of $3.44 billion, a PE ratio of -177.25, a P/E/G ratio of 7.92 and a beta of 0.76.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.04. Intapp had a negative net margin of 3.78% and a negative return on equity of 1.19%. The business had revenue of $129.07 million during the quarter, compared to analyst estimates of $128.84 million. During the same quarter in the previous year, the business posted $0.14 EPS. Intapp's quarterly revenue was up 16.7% on a year-over-year basis. Equities research analysts expect that Intapp, Inc. will post -0.14 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.

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