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

Stephens Investment Management Group LLC decreased its position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 10.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 192,475 shares of the company's stock after selling 22,741 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.24% of Intapp worth $11,237,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of INTA. Farther Finance Advisors LLC boosted its holdings in shares of Intapp by 74.2% during the 1st quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock valued at $31,000 after acquiring an additional 224 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Intapp by 414.7% in the first quarter. Nisa Investment Advisors LLC now owns 803 shares of the company's stock valued at $47,000 after buying an additional 647 shares during the period. Johnson Financial Group Inc. increased its stake in shares of 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 buying an additional 605 shares during the period. CoreCap Advisors LLC acquired a new stake in shares of Intapp in the fourth quarter valued at about $64,000. Finally, Huntington National Bank increased its stake in shares of Intapp by 53.2% in the fourth quarter. Huntington National Bank now owns 1,474 shares of the company's stock valued at $94,000 after buying an additional 512 shares during the period. Institutional investors and hedge funds own 89.96% of the company's stock.

Intapp Price Performance

Shares of NASDAQ INTA traded up $0.08 during midday trading on Thursday, reaching $43.49. The company's stock had a trading volume of 602,724 shares, compared to its average volume of 656,231. Intapp, Inc. has a 12-month low of $31.08 and a 12-month high of $77.74. The firm has a 50 day moving average price of $52.74 and a 200-day moving average price of $58.89. The stock has a market capitalization of $3.52 billion, a P/E ratio of -181.21, a PEG ratio of 8.08 and a beta of 0.76.

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 analysts' consensus estimates 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 quarter in the previous year, the business earned $0.14 EPS. The company's revenue was up 16.7% compared to the same quarter last year. On average, equities analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Insiders Place Their Bets

In related news, COO Donald F. Coleman sold 5,629 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $57.07, for a total value of $321,247.03. Following the transaction, the chief operating officer owned 437,885 shares in the company, valued at approximately $24,990,096.95. This represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John T. Hall sold 31,200 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $55.01, for a total value of $1,716,312.00. Following the completion of the transaction, the chief executive officer owned 5,445,335 shares in the company, valued at approximately $299,547,878.35. The trade was a 0.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,913 shares of company stock valued at $4,257,984 in the last quarter. 13.02% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

INTA has been the subject of several research analyst reports. Piper Sandler raised Intapp to a "neutral" rating and set a $55.00 price objective for the company in a research report on Tuesday, June 24th. UBS Group lowered their price objective on Intapp from $92.00 to $83.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Citigroup lowered their price objective on Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a research report on Wednesday. Barclays lowered Intapp from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $60.00 to $44.00 in a research report on Monday. Finally, Wall Street Zen lowered Intapp from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Intapp has an average rating of "Moderate Buy" and an average price target of $60.11.

About Intapp

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.