Wilmington Savings Fund Society FSB Lowers Stock Holdings in Intapp, Inc. (NASDAQ:INTA)

Wilmington Savings Fund Society FSB lessened its holdings in Intapp, Inc. (NASDAQ:INTA) by 21.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,063 shares of the company’s stock after selling 282 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Intapp were worth $68,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. FMR LLC lifted its position in shares of Intapp by 7.8% in the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after purchasing an additional 411,434 shares during the period. Bamco Inc. NY lifted its position in shares of Intapp by 1.2% in the 3rd quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock worth $136,337,000 after purchasing an additional 34,409 shares during the period. Praesidium Investment Management Company LLC lifted its position in shares of Intapp by 15.3% in the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock worth $92,316,000 after purchasing an additional 256,327 shares during the period. Loomis Sayles & Co. L P lifted its position in shares of Intapp by 29.9% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after purchasing an additional 343,275 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Intapp by 9.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock worth $50,291,000 after purchasing an additional 95,035 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Insider Activity

In other news, CEO John T. Hall sold 70,986 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $68.83, for a total value of $4,885,966.38. Following the sale, the chief executive officer now directly owns 5,026,096 shares of the company’s stock, valued at $345,946,187.68. This represents a 1.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thad Jampol sold 20,174 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now directly owns 803,400 shares in the company, valued at $47,641,620. This trade represents a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 316,846 shares of company stock valued at $20,158,913 in the last ninety days. Insiders own 13.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Truist Financial boosted their price objective on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. UBS Group boosted their price objective on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, Stifel Nicolaus boosted their price objective on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.45.

Intapp Trading Up 4.1 %

Shares of Intapp stock opened at $74.10 on Friday. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $75.90. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of -255.51 and a beta of 0.74. The firm’s 50 day simple moving average is $67.80 and its two-hundred day simple moving average is $55.09.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results 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 net margin of 4.78% and a negative return on equity of 1.86%. On average, sell-side analysts predict that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Intapp 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.