Teacher Retirement System of Texas Sells 30,933 Shares of Intapp, Inc. (NASDAQ:INTA)

Teacher Retirement System of Texas lessened its holdings in Intapp, Inc. (NASDAQ:INTA - Free Report) by 46.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,580 shares of the company's stock after selling 30,933 shares during the quarter. Teacher Retirement System of Texas' holdings in Intapp were worth $2,077,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in Intapp by 74.2% in the 1st quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock valued at $31,000 after buying an additional 224 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Intapp in the 4th quarter valued at approximately $32,000. Johnson Financial Group Inc. raised its holdings in Intapp by 273.8% in the 4th 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 last quarter. CoreCap Advisors LLC bought a new position in Intapp in the 4th quarter valued at approximately $64,000. Finally, Huntington National Bank raised its holdings in Intapp by 53.2% in the 4th 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 last quarter. Institutional investors own 89.96% of the company's stock.

Insider Activity

In related news, COO Donald F. Coleman sold 2,809 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $56.77, for a total value of $159,466.93. Following the completion of the sale, the chief operating officer owned 435,076 shares of the company's stock, valued at $24,699,264.52. This trade represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thad Jampol sold 5,000 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $56.65, for a total value of $283,250.00. Following the completion of the transaction, the insider owned 857,250 shares of the company's stock, valued at approximately $48,563,212.50. This trade represents a 0.58% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,913 shares of company stock valued at $4,257,984. Corporate insiders own 13.02% of the company's stock.

Intapp Stock Down 1.8%

Shares of INTA stock traded down $0.78 during trading on Monday, hitting $43.49. The company had a trading volume of 1,051,368 shares, compared to its average volume of 650,878. The stock's 50-day moving average is $53.45 and its two-hundred day moving average is $59.26. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of -181.21, a price-to-earnings-growth ratio of 8.24 and a beta of 0.76. 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 posted its quarterly earnings data 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 net margin of 3.78% and a negative return on equity of 1.19%. The company had revenue of $129.07 million for the quarter, compared to analysts' expectations of $128.84 million. During the same period in the prior year, the business earned $0.14 earnings per share. Intapp's revenue for the quarter was up 16.7% compared to the same quarter last year. On average, research analysts predict that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on INTA. Stifel Nicolaus dropped their price objective on shares of Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, July 8th. Piper Sandler upgraded shares of Intapp to a "neutral" rating and set a $55.00 price target on the stock in a research report on Tuesday, June 24th. Citigroup restated a "neutral" rating on shares of Intapp in a research report on Monday, April 21st. UBS Group dropped their price target 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, Truist Financial dropped their price target on shares of Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. 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 company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $62.89.

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.