Woodline Partners LP Decreases Stock Holdings in Intapp, Inc. (NASDAQ:INTA)

Woodline Partners LP lessened its holdings in Intapp, Inc. (NASDAQ:INTA - Free Report) by 90.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,931 shares of the company's stock after selling 411,180 shares during the period. Woodline Partners LP owned approximately 0.05% of Intapp worth $2,751,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Raleigh Capital Management Inc. bought a new stake in shares of Intapp in the 4th quarter worth about $25,000. Global Retirement Partners LLC bought a new position in shares of Intapp in the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. purchased a new position in Intapp in the fourth quarter worth about $32,000. Johnson Financial Group Inc. increased its stake in Intapp by 273.8% during the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company's stock worth $53,000 after acquiring an additional 605 shares during the last quarter. Finally, CoreCap Advisors LLC purchased a new stake in Intapp during the fourth quarter valued at approximately $64,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Analysts Set New Price Targets

INTA has been the subject of a number of recent research reports. Truist Financial dropped their target price on Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Piper Sandler cut their price objective on shares of Intapp from $71.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Barclays reduced their target price on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Stifel Nicolaus dropped their price target on shares of Intapp from $75.00 to $65.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Finally, Citigroup reiterated a "neutral" rating on shares of Intapp in a report on Monday, April 21st. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Intapp has a consensus rating of "Moderate Buy" and a consensus price target of $66.89.

Insiders Place Their Bets

In other Intapp news, insider Michele Murgel sold 1,962 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $60.00, for a total transaction of $117,720.00. Following the transaction, the insider now owns 182,462 shares of the company's stock, valued at approximately $10,947,720. This trade represents a 1.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thad Jampol sold 20,000 shares of the business's 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 completion of 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 243,207 shares of company stock worth $14,076,429. 13.02% of the stock is currently owned by company insiders.

Intapp Stock Down 0.1%

INTA traded down $0.04 on Wednesday, reaching $55.04. 347,704 shares of the company traded hands, compared to its average volume of 636,803. The company has a market cap of $4.46 billion, a P/E ratio of -189.79 and a beta of 0.84. Intapp, Inc. has a one year low of $31.08 and a one year high of $77.74. The firm has a fifty day simple moving average of $55.48 and a two-hundred day simple moving average of $61.92.

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

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.