Intapp, Inc. (NASDAQ:INTA) Stock Holdings Trimmed by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. cut its position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,560,987 shares of the company's stock after selling 170,462 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 4.48% of Intapp worth $228,224,000 at the end of the most recent quarter.

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

Intapp Price Performance

Shares of NASDAQ:INTA traded down $0.09 during midday trading on Tuesday, reaching $54.02. 89,798 shares of the company's stock were exchanged, compared to its average volume of 652,914. The firm's 50 day simple moving average is $58.20 and its two-hundred day simple moving average is $61.31. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of -186.03 and a beta of 0.82. Intapp, Inc. has a fifty-two week low of $30.42 and a fifty-two week high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. Equities research analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on INTA shares. UBS Group lifted their price objective on Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Stifel Nicolaus cut their price target on Intapp from $75.00 to $65.00 and set a "buy" rating for the company in a research note on Tuesday. Piper Sandler restated an "overweight" rating and issued a $71.00 price target (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Barclays cut their price target on Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Finally, Citigroup restated a "neutral" rating on shares of Intapp in a research note on Monday, April 21st. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $64.00.

Insider Activity

In other Intapp news, CEO John T. Hall sold 33,227 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $2,287,014.41. Following the transaction, the chief executive officer now directly owns 5,258,576 shares of the company's stock, valued at approximately $361,947,786.08. This trade represents a 0.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David H. Morton, Jr. sold 5,445 shares of the firm'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 sale, the chief financial officer now owns 38,996 shares of the company's stock, valued at $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 quarter, insiders sold 274,755 shares of company stock worth $17,088,761. 13.02% of the stock is currently 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.