Stephens Investment Management Group LLC Sells 22,741 Shares of Intapp, Inc. (NASDAQ:INTA)

Stephens Investment Management Group LLC trimmed its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 10.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 192,475 shares of the company's stock after selling 22,741 shares during the quarter. Stephens Investment Management Group LLC owned 0.24% of Intapp worth $11,237,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Intapp by 11.8% during the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company's stock valued at $408,139,000 after buying an additional 672,832 shares in the last quarter. Invesco Ltd. grew its stake in Intapp by 6,506.1% during the fourth quarter. Invesco Ltd. now owns 1,980,506 shares of the company's stock valued at $126,931,000 after acquiring an additional 1,950,526 shares in the last quarter. Capital World Investors grew its stake in Intapp by 30.3% during the fourth quarter. Capital World Investors now owns 1,701,939 shares of the company's stock valued at $109,077,000 after acquiring an additional 395,804 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Intapp by 4.0% during the 4th quarter. Alliancebernstein L.P. now owns 1,654,866 shares of the company's stock worth $106,060,000 after acquiring an additional 63,443 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Intapp by 18.6% in the 4th quarter. Geode Capital Management LLC now owns 1,247,247 shares of the company's stock worth $79,953,000 after purchasing an additional 196,010 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company's stock.

Insider Activity

In other news, insider David Benjamin Harrison sold 14,275 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $55.01, for a total value of $785,267.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Donald F. Coleman sold 2,809 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $56.77, for a total value of $159,466.93. Following 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,913 shares of company stock valued at $4,257,984. Company insiders own 13.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Truist Financial reduced their price target on shares of Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Wall Street Zen lowered Intapp from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 21st. Citigroup reaffirmed a "neutral" rating on shares of Intapp in a research note on Monday, April 21st. UBS Group lowered their price objective on shares of Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Finally, Piper Sandler upgraded shares of Intapp to a "neutral" rating and set a $55.00 target price for the company in a research report on Tuesday, June 24th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Intapp has a consensus rating of "Moderate Buy" and a consensus price target of $64.67.

Intapp Stock Down 5.7%

Shares of INTA stock opened at $44.27 on Monday. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of -184.46, a PEG ratio of 8.24 and a beta of 0.76. The stock has a fifty day moving average of $53.74 and a 200 day moving average of $59.42. Intapp, Inc. has a 52 week low of $31.08 and a 52 week high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.26 EPS for the quarter, topping the consensus estimate 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 period last year, the business posted $0.14 earnings per share. Intapp's quarterly revenue was up 16.7% compared to the same quarter last year. Equities 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.

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