Praesidium Investment Management Company LLC Decreases Stock Holdings in Intapp, Inc. (NASDAQ:INTA)

Praesidium Investment Management Company LLC trimmed its holdings in Intapp, Inc. (NASDAQ:INTA - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,797,391 shares of the company's stock after selling 132,704 shares during the period. Intapp comprises about 19.3% of Praesidium Investment Management Company LLC's investment portfolio, making the stock its largest holding. Praesidium Investment Management Company LLC owned about 2.26% of Intapp worth $115,195,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on INTA. Truist Financial lowered their price objective on shares of Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Piper Sandler lowered their price target 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 reduced 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 note on Monday, April 14th. Stifel Nicolaus decreased their price objective on Intapp from $75.00 to $65.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Finally, Citigroup reiterated a "neutral" rating on shares of Intapp in a report on Monday, April 21st. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $66.89.

Intapp Stock Down 0.7%

Shares of NASDAQ INTA traded down $0.40 during mid-day trading on Tuesday, reaching $56.87. 164,481 shares of the company were exchanged, compared to its average volume of 644,547. The stock has a market capitalization of $4.60 billion, a P/E ratio of -195.58 and a beta of 0.84. The company's 50-day simple moving average is $55.94 and its 200-day simple moving average is $61.96. Intapp, Inc. has a twelve month low of $31.08 and a twelve month high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $128.84 million. During the same period last year, the business posted $0.14 earnings per share. The business's revenue for the quarter was up 16.7% compared to the same quarter last year. As a group, equities research analysts expect that Intapp, Inc. will post -0.14 EPS for the current year.

Insider Activity at Intapp

In other news, 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 value 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. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO David H. Morton, Jr. sold 5,445 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $374,779.35. Following the completion of the transaction, the chief financial officer now owns 38,996 shares in the company, valued at $2,684,094.68. This trade represents a 12.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 279,755 shares of company stock worth $17,372,011 in the last ninety days. 13.02% of the stock is owned by company insiders.

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.