Intapp, Inc. (NASDAQ:INTA) is Praesidium Investment Management Company LLC's Largest Position

Praesidium Investment Management Company LLC reduced its holdings in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,797,391 shares of the company's stock after selling 132,704 shares during the quarter. Intapp accounts for 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in INTA. Victory Capital Management Inc. increased its stake in shares of Intapp by 2.0% in the fourth quarter. Victory Capital Management Inc. now owns 8,652 shares of the company's stock valued at $555,000 after purchasing an additional 171 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of Intapp by 8.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company's stock valued at $190,000 after purchasing an additional 239 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of Intapp in the fourth quarter valued at approximately $25,000. Raleigh Capital Management Inc. acquired a new stake in shares of Intapp in the fourth quarter valued at approximately $25,000. Finally, Amalgamated Bank increased its stake in shares of Intapp by 30.0% in the fourth quarter. Amalgamated Bank now owns 1,819 shares of the company's stock valued at $117,000 after purchasing an additional 420 shares during the period. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Intapp

In related news, insider Michele Murgel sold 7,531 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $518,358.73. Following the completion of the sale, the insider now owns 223,945 shares in the company, valued at approximately $15,414,134.35. This represents a 3.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David H. Morton, Jr. sold 5,445 shares of the company's stock in a transaction that occurred on 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 sale, the chief financial officer now owns 38,996 shares of the company's stock, valued at approximately $2,684,094.68. This trade represents a 12.25% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 279,755 shares of company stock worth $17,372,011. 13.02% of the stock is owned by corporate insiders.

Intapp Stock Up 2.4%

NASDAQ:INTA traded up $1.35 during trading hours on Friday, reaching $58.28. 876,977 shares of the company's stock were exchanged, compared to its average volume of 646,554. The company has a market capitalization of $4.72 billion, a P/E ratio of -200.96 and a beta of 0.84. Intapp, Inc. has a 12 month low of $31.08 and a 12 month high of $77.74. The business's 50-day simple moving average is $56.01 and its two-hundred day simple moving average is $61.83.

Intapp (NASDAQ:INTA - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.04. The firm had revenue of $129.07 million during the quarter, compared to analysts' expectations of $128.84 million. Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. The firm's revenue for the quarter 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. As a group, sell-side analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.