Neuberger Berman Group LLC Trims Position in Intapp, Inc. (NASDAQ:INTA)

Neuberger Berman Group LLC trimmed its stake in Intapp, Inc. (NASDAQ:INTA) by 26.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 170,890 shares of the company’s stock after selling 63,034 shares during the period. Neuberger Berman Group LLC owned about 0.25% of Intapp worth $6,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. GW&K Investment Management LLC lifted its holdings in shares of Intapp by 127.5% in the 4th quarter. GW&K Investment Management LLC now owns 1,263,894 shares of the company’s stock worth $48,054,000 after buying an additional 708,258 shares during the period. Fred Alger Management LLC bought a new position in shares of Intapp during the third quarter valued at approximately $15,593,000. Ameriprise Financial Inc. increased its holdings in Intapp by 44.8% during the third quarter. Ameriprise Financial Inc. now owns 1,363,074 shares of the company’s stock valued at $45,690,000 after buying an additional 422,016 shares during the period. Wellington Management Group LLP raised its stake in Intapp by 60.0% in the third quarter. Wellington Management Group LLP now owns 989,722 shares of the company’s stock worth $33,175,000 after buying an additional 371,181 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Intapp by 10.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,809,281 shares of the company’s stock worth $94,167,000 after acquiring an additional 260,610 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INTA has been the topic of a number of recent research reports. Stifel Nicolaus dropped their price objective on Intapp from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Oppenheimer cut their price objective on shares of Intapp from $50.00 to $42.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. BTIG Research reduced their price objective on Intapp from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Citigroup decreased their price target on Intapp from $57.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Finally, Truist Financial upped their price target on Intapp from $46.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $46.13.

Intapp Stock Performance

Shares of NASDAQ INTA traded down $0.42 during mid-day trading on Friday, reaching $36.18. The company’s stock had a trading volume of 906,489 shares, compared to its average volume of 864,990. The stock has a 50-day moving average of $33.57 and a two-hundred day moving average of $37.34. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $50.46. The stock has a market capitalization of $2.66 billion, a P/E ratio of -59.31 and a beta of 0.56.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.10. Intapp had a negative net margin of 10.44% and a negative return on equity of 9.08%. Analysts predict that Intapp, Inc. will post -0.4 EPS for the current fiscal year.

Insider Transactions at Intapp

In other Intapp news, insider Michele Murgel sold 4,224 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $36.88, for a total value of $155,781.12. Following the sale, the insider now owns 171,947 shares of the company’s stock, valued at $6,341,405.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Intapp news, insider Michele Murgel sold 4,224 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $36.88, for a total transaction of $155,781.12. Following the sale, the insider now directly owns 171,947 shares in the company, valued at approximately $6,341,405.36. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Great Hill Equity Partners Iv sold 7,000,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $36.27, for a total value of $253,890,000.00. Following the sale, the insider now owns 6,738,269 shares in the company, valued at approximately $244,397,016.63. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,080,724 shares of company stock worth $256,931,601. 36.56% 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.