Graham Capital Management L.P. Sells 5,146 Shares of Intapp, Inc. (NASDAQ:INTA)

Graham Capital Management L.P. cut its stake in Intapp, Inc. (NASDAQ:INTA - Free Report) by 32.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,827 shares of the company's stock after selling 5,146 shares during the period. Graham Capital Management L.P.'s holdings in Intapp were worth $694,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of INTA. Vanguard Group Inc. raised its position in shares of Intapp by 11.8% in the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company's stock worth $408,139,000 after acquiring an additional 672,832 shares in the last quarter. Invesco Ltd. grew its stake in Intapp by 6,506.1% in the fourth quarter. Invesco Ltd. now owns 1,980,506 shares of the company's stock worth $126,931,000 after purchasing an additional 1,950,526 shares during the period. Capital World Investors boosted its holdings in shares of Intapp by 30.3% during the 4th quarter. Capital World Investors now owns 1,701,939 shares of the company's stock valued at $109,077,000 after buying an additional 395,804 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Intapp by 4.0% in the 4th quarter. Alliancebernstein L.P. now owns 1,654,866 shares of the company's stock worth $106,060,000 after buying an additional 63,443 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Intapp by 18.6% in the 4th quarter. Geode Capital Management LLC now owns 1,247,247 shares of the company's stock worth $79,953,000 after acquiring an additional 196,010 shares in the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Intapp news, CFO David H. Morton, Jr. sold 5,445 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $374,779.35. Following the transaction, the chief financial officer now owns 38,996 shares of the company's stock, valued at approximately $2,684,094.68. This represents a 12.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thad Jampol sold 5,000 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $56.65, for a total value of $283,250.00. Following the sale, the insider now owns 857,250 shares of the company's stock, valued at approximately $48,563,212.50. This represents a 0.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 279,755 shares of company stock valued at $17,372,011. Company insiders own 13.02% of the company's stock.

Intapp Stock Performance

Shares of INTA stock traded down $0.69 during mid-day trading on Tuesday, hitting $56.59. The company's stock had a trading volume of 68,323 shares, compared to its average volume of 644,184. Intapp, Inc. has a 52-week low of $31.08 and a 52-week high of $77.74. The business has a 50-day moving average price of $55.94 and a 200 day moving average price of $61.96. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of -194.01 and a beta of 0.84.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $129.07 million for the quarter, compared to the consensus estimate of $128.84 million. During the same quarter last year, the firm posted $0.14 EPS. The business's quarterly revenue was up 16.7% compared to the same quarter last year. Equities research analysts predict that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

INTA has been the topic of several research reports. Piper Sandler dropped their price objective on shares of Intapp from $71.00 to $70.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Barclays dropped their price target 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 reaffirmed a "neutral" rating on shares of Intapp in a research report on Monday, April 21st. UBS Group dropped their target price on Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Finally, Stifel Nicolaus cut their target price on Intapp from $75.00 to $65.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.