Intapp, Inc. (NASDAQ:INTA) Stake Lessened by GW&K Investment Management LLC

GW&K Investment Management LLC decreased its holdings in shares of Intapp, Inc. (NASDAQ:INTA) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,391,653 shares of the company’s stock after selling 34,057 shares during the quarter. Intapp accounts for approximately 0.8% of GW&K Investment Management LLC’s holdings, making the stock its 20th biggest position. GW&K Investment Management LLC owned approximately 1.80% of Intapp worth $89,191,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Raleigh Capital Management Inc. acquired a new stake in Intapp during the 4th quarter worth about $25,000. Global Retirement Partners LLC purchased a new stake in shares of Intapp in the fourth quarter worth approximately $25,000. Farther Finance Advisors LLC boosted its holdings in shares of Intapp by 1,054.0% during the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after purchasing an additional 527 shares during the period. Quest Partners LLC purchased a new position in Intapp during the third quarter valued at approximately $54,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Intapp in the 3rd quarter valued at approximately $64,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intapp

In other news, insider Thad Jampol sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $67.97, for a total transaction of $1,359,400.00. Following the completion of the transaction, the insider now directly owns 798,222 shares in the company, valued at $54,255,149.34. The trade was a 2.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michele Murgel sold 4,632 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $64.54, for a total value of $298,949.28. Following the completion of the sale, the insider now directly owns 213,794 shares of the company’s stock, valued at $13,798,264.76. This represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 272,109 shares of company stock worth $18,318,271 over the last ninety days. Company insiders own 13.02% of the company’s stock.

Intapp Stock Performance

INTA opened at $64.58 on Friday. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $77.74. The business has a 50 day moving average price of $68.10 and a 200 day moving average price of $57.53. The firm has a market cap of $5.13 billion, a P/E ratio of -222.68 and a beta of 0.74.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) earnings per share 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%. As a group, analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

INTA has been the subject of a number of research reports. UBS Group lifted their target price on shares of Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Stifel Nicolaus lifted their price objective on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. upped their target price on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Piper Sandler reiterated an “overweight” rating and set a $71.00 price target (up from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Finally, Truist Financial boosted their price target on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.45.

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.