T. Rowe Price Investment Management Inc. Sells 170,462 Shares of Intapp, Inc. (NASDAQ:INTA)

T. Rowe Price Investment Management Inc. trimmed its position in Intapp, Inc. (NASDAQ:INTA) by 4.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,560,987 shares of the company’s stock after selling 170,462 shares during the period. T. Rowe Price Investment Management Inc.’s holdings in Intapp were worth $228,224,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. UBS Group raised 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. Citigroup restated a “neutral” rating on shares of Intapp in a report on Monday. Barclays decreased their price objective on shares of Intapp from $68.00 to $60.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Truist Financial cut their target price on Intapp from $80.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $71.00 price target (up from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $64.91.

Insider Transactions at Intapp

In related news, insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction on Monday, March 10th. The stock was sold at an average price of $57.15, for a total transaction of $1,143,000.00. Following the completion of the sale, the insider now owns 857,250 shares of the company’s stock, valued at approximately $48,991,837.50. This trade represents a 2.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 value of $374,779.35. Following the transaction, the chief financial officer now directly owns 38,996 shares in the company, valued at approximately $2,684,094.68. This represents a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 274,755 shares of company stock valued at $17,088,761. 13.02% of the stock is currently owned by corporate insiders.

Intapp Trading Up 4.0 %

Intapp stock opened at $51.89 on Thursday. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of -178.92 and a beta of 0.82. The firm has a 50 day simple moving average of $59.31 and a 200 day simple moving average of $60.94. Intapp, Inc. has a 1-year low of $30.42 and a 1-year high of $77.74.

Intapp (NASDAQ:INTA) last released 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 net margin of 4.78% and a negative return on equity of 1.86%. On average, equities research analysts forecast that Intapp, Inc. will post -0.14 EPS for the current year.

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.