Jennison Associates LLC Sells 1,853 Shares of Intapp, Inc. (NASDAQ:INTA)

Jennison Associates LLC cut its holdings in Intapp, Inc. (NASDAQ:INTA) by 0.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,536,433 shares of the company’s stock after selling 1,853 shares during the period. Jennison Associates LLC’s holdings in Intapp were worth $98,470,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. KBC Group NV lifted its stake in Intapp by 92.4% during the 4th quarter. KBC Group NV now owns 2,641 shares of the company’s stock valued at $169,000 after acquiring an additional 1,268 shares during the period. Blue Trust Inc. raised its holdings in shares of Intapp by 36.0% during the fourth quarter. Blue Trust Inc. now owns 2,908 shares of the company’s stock valued at $186,000 after purchasing an additional 769 shares during the last quarter. Raleigh Capital Management Inc. bought a new position in Intapp during the fourth quarter valued at approximately $25,000. Janney Montgomery Scott LLC purchased a new stake in Intapp in the fourth quarter worth approximately $378,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Intapp in the fourth quarter worth $182,000. Institutional investors own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Raymond James restated a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Piper Sandler reissued an “overweight” rating and set a $60.00 price objective (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Truist Financial raised their target price on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Barclays boosted their price target on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Finally, Citigroup reaffirmed a “neutral” rating and set a $78.00 price objective (down from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.64.

Insider Buying and Selling at Intapp

In other Intapp news, insider Thad Jampol sold 20,174 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $59.30, for a total transaction of $1,196,318.20. Following the transaction, the insider now owns 803,400 shares of the company’s stock, valued at approximately $47,641,620. This trade represents a 2.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Donald F. Coleman sold 35,778 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $54.23, for a total transaction of $1,940,240.94. Following the completion of the sale, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at $36,238,600.97. The trade was a 5.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 402,624 shares of company stock valued at $24,954,154 in the last ninety days. Corporate insiders own 13.02% of the company’s stock.

Intapp Price Performance

Intapp stock opened at $70.52 on Tuesday. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of -243.17 and a beta of 0.74. The firm has a 50-day moving average of $66.46 and a two-hundred day moving average of $53.36. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $73.86.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The firm had revenue of $118.81 million during the quarter, compared to analyst estimates of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. Intapp’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.20) earnings per share. Research analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current year.

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.