Woodline Partners LP Lowers Position in Intapp, Inc. (NASDAQ:INTA)

Woodline Partners LP decreased its holdings in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 90.5% during the fourth quarter, according to its most recent disclosure 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 large investors have also modified their holdings of the company. Barclays PLC boosted its position in Intapp by 90.1% in the third quarter. Barclays PLC now owns 106,781 shares of the company's stock valued at $5,108,000 after buying an additional 50,607 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Intapp in the fourth quarter valued at approximately $378,000. Raleigh Capital Management Inc. purchased a new stake in Intapp in the fourth quarter valued at approximately $25,000. Blue Trust Inc. boosted its position in Intapp by 36.0% in the fourth quarter. Blue Trust Inc. now owns 2,908 shares of the company's stock valued at $186,000 after buying an additional 769 shares during the last quarter. Finally, KBC Group NV boosted its position in Intapp by 92.4% in the fourth quarter. KBC Group NV now owns 2,641 shares of the company's stock valued at $169,000 after buying an additional 1,268 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company's stock.

Insider Transactions at Intapp

In related news, insider Michele Murgel sold 1,962 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $60.00, for a total value of $117,720.00. Following the completion of the transaction, the insider now directly owns 182,462 shares of the company's stock, valued at approximately $10,947,720. This represents a 1.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Benjamin Harrison sold 14,275 shares of the stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $55.01, for a total value of $785,267.75. The disclosure for this sale can be found here. Insiders sold a total of 243,207 shares of company stock valued at $14,076,429 in the last three months. 13.02% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Barclays dropped their target price on Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Citigroup reiterated a "neutral" rating on shares of Intapp in a research report on Monday, April 21st. Truist Financial dropped their target price on Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Piper Sandler decreased their price target on Intapp from $71.00 to $70.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Finally, UBS Group decreased their price target on Intapp from $92.00 to $83.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $66.89.

Intapp Stock Up 1.0%

Shares of INTA stock traded up $0.53 during trading hours on Friday, hitting $54.97. 91,067 shares of the company's stock were exchanged, compared to its average volume of 633,346. The firm has a market cap of $4.45 billion, a P/E ratio of -189.39 and a beta of 0.84. The firm has a 50 day moving average of $55.22 and a two-hundred day moving average of $61.83. Intapp, Inc. has a fifty-two week low of $31.08 and a fifty-two week high of $77.74.

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 the consensus estimate of $0.22 by $0.04. The business had revenue of $129.07 million during the quarter, compared to the consensus estimate of $128.84 million. Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. The business's quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 EPS. On average, equities analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Intapp Company 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.