Intapp, Inc. (NASDAQ:INTA) Shares Sold by TD Asset Management Inc

TD Asset Management Inc lowered its stake in Intapp, Inc. (NASDAQ:INTA - Free Report) by 57.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,854 shares of the company's stock after selling 43,204 shares during the quarter. TD Asset Management Inc's holdings in Intapp were worth $1,860,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in INTA. Cetera Investment Advisers increased its holdings in Intapp by 31.5% in the 1st quarter. Cetera Investment Advisers now owns 5,799 shares of the company's stock worth $339,000 after acquiring an additional 1,389 shares in the last quarter. Royce & Associates LP purchased a new position in shares of Intapp in the first quarter valued at $4,107,000. Allianz Asset Management GmbH bought a new stake in shares of Intapp in the 1st quarter worth about $9,561,000. Kestra Private Wealth Services LLC purchased a new position in Intapp in the first quarter worth about $256,000. Finally, Diversify Advisory Services LLC bought a new stake in shares of Intapp in the 1st quarter valued at approximately $818,000. Institutional investors own 89.96% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Truist Financial dropped their price target on shares of Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Stifel Nicolaus decreased their price target on shares of Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, July 8th. UBS Group reduced their price objective on Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Citigroup lowered their target price on Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a report on Wednesday, July 16th. Finally, Barclays downgraded Intapp from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $60.00 to $44.00 in a report on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Intapp currently has an average rating of "Moderate Buy" and an average price target of $60.11.

Insiders Place Their Bets

In other news, insider David Benjamin Harrison sold 14,275 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $55.01, for a total transaction of $785,267.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO David H. Morton, Jr. sold 10,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $55.02, for a total transaction of $550,200.00. Following the transaction, the chief financial officer owned 32,739 shares in the company, valued at $1,801,299.78. The trade was a 23.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,913 shares of company stock worth $3,974,734 in the last three months. Insiders own 13.02% of the company's stock.

Intapp Price Performance

NASDAQ INTA traded down $0.49 on Wednesday, hitting $40.01. The stock had a trading volume of 527,613 shares, compared to its average volume of 664,324. The business's fifty day moving average price is $48.85 and its 200 day moving average price is $56.72. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of -166.71, a price-to-earnings-growth ratio of 8.00 and a beta of 0.73. Intapp, Inc. has a 52-week low of $31.32 and a 52-week high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.04. Intapp had a negative return on equity of 1.19% and a negative net margin of 3.78%. The firm had revenue of $129.07 million for the quarter, compared to the consensus estimate of $128.84 million. During the same period in the previous year, the business earned $0.14 EPS. The firm's revenue for the quarter was up 16.7% on a year-over-year basis. As a group, sell-side analysts anticipate 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.