Wellington Management Group LLP Lowers Holdings in Intapp, Inc. (NASDAQ:INTA)

Wellington Management Group LLP cut its position in Intapp, Inc. (NASDAQ:INTA - Free Report) by 14.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 851,139 shares of the company's stock after selling 144,608 shares during the period. Wellington Management Group LLP owned about 1.07% of Intapp worth $54,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of INTA. Global Retirement Partners LLC purchased a new stake in shares of Intapp in the fourth quarter worth $25,000. SBI Securities Co. Ltd. purchased a new stake in shares of Intapp in the fourth quarter worth $32,000. Johnson Financial Group Inc. grew its stake in Intapp by 273.8% during 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 in the last quarter. CoreCap Advisors LLC bought a new stake in Intapp in the 4th quarter valued at $64,000. Finally, Huntington National Bank increased 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 acquiring an additional 512 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Intapp Stock Performance

NASDAQ INTA traded up $0.01 during mid-day trading on Tuesday, reaching $55.71. 80,211 shares of the stock were exchanged, compared to its average volume of 630,663. The business's 50 day moving average is $54.92 and its 200-day moving average is $61.86. Intapp, Inc. has a 1 year low of $31.08 and a 1 year high of $77.74. The company has a market capitalization of $4.51 billion, a P/E ratio of -192.10 and a beta of 0.84.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.04. The business had revenue of $129.07 million for the quarter, compared to the consensus estimate of $128.84 million. Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. The company's revenue was up 16.7% compared to the same quarter last year. During the same period last year, the firm posted $0.14 earnings per share. Equities analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Intapp

In other Intapp news, CEO John T. Hall sold 8,000 shares of Intapp stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $57.15, for a total transaction of $457,200.00. Following the completion of the sale, the chief executive officer now directly owns 5,236,895 shares in the company, valued at $299,288,549.25. This trade represents a 0.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $57.15, for a total transaction of $1,143,000.00. Following the sale, the insider now owns 857,250 shares of the company's stock, valued at approximately $48,991,837.50. This represents a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 243,207 shares of company stock valued at $14,076,429 over the last ninety days. Corporate insiders own 13.02% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on INTA shares. Piper Sandler dropped their price target on shares of Intapp from $71.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. 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 for the company in a research report on Wednesday, May 7th. Stifel Nicolaus lowered their price objective on shares of Intapp from $75.00 to $65.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Finally, Barclays lowered their price objective on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Intapp currently has an average rating of "Moderate Buy" and an average target price of $66.89.

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.