Millennium Management LLC Sells 95,250 Shares of Intapp, Inc. (NASDAQ:INTA)

Millennium Management LLC cut its stake in Intapp, Inc. (NASDAQ:INTA - Free Report) by 28.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 234,817 shares of the company's stock after selling 95,250 shares during the period. Millennium Management LLC owned 0.30% of Intapp worth $15,049,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in Intapp in the fourth quarter valued at approximately $25,000. Raleigh Capital Management Inc. bought a new stake in Intapp in the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. bought a new stake in Intapp in the fourth quarter valued at approximately $32,000. Johnson Financial Group Inc. boosted its holdings in Intapp by 273.8% in the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company's stock valued at $53,000 after acquiring an additional 605 shares during the last quarter. Finally, CoreCap Advisors LLC bought a new position in shares of Intapp during the 4th quarter worth approximately $64,000. 89.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on INTA shares. Citigroup restated a "neutral" rating on shares of Intapp in a report on Monday, April 21st. Barclays cut their price target on Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Piper Sandler cut their price target on Intapp from $71.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Truist Financial cut their price target on Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, UBS Group cut their price target on Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $66.89.

Insider Transactions at Intapp

In related news, CEO John T. Hall sold 28,443 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $64.66, for a total value of $1,839,124.38. Following the completion of the sale, the chief executive officer now directly owns 5,213,782 shares of the company's stock, valued at approximately $337,123,144.12. This represents a 0.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thad Jampol sold 5,000 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $56.65, for a total value of $283,250.00. Following the completion of the sale, the insider now directly owns 857,250 shares of the company's stock, valued at $48,563,212.50. The trade was a 0.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 217,557 shares of company stock valued at $13,090,922 over the last ninety days. 13.02% of the stock is owned by company insiders.

Intapp Stock Down 0.2%

Shares of NASDAQ:INTA opened at $56.41 on Friday. Intapp, Inc. has a twelve month low of $31.08 and a twelve month high of $77.74. The stock's 50 day moving average is $55.79 and its 200-day moving average is $61.93. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of -194.51 and a beta of 0.84.

Intapp (NASDAQ:INTA - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.04. Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. The company had revenue of $129.07 million for the quarter, compared to analyst estimates of $128.84 million. During the same period in the prior year, the firm earned $0.14 earnings per share. Intapp's revenue for the quarter was up 16.7% on a year-over-year basis. Equities research analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal 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.

Want to see what other hedge funds are holding INTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intapp, Inc. (NASDAQ:INTA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.