Wellington Management Group LLP Has $35.92 Million Stock Holdings in Intapp, Inc. (NASDAQ:INTA)

Wellington Management Group LLP trimmed its holdings in shares of Intapp, Inc. (NASDAQ:INTA) by 4.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 944,632 shares of the company’s stock after selling 45,090 shares during the period. Wellington Management Group LLP owned about 1.31% of Intapp worth $35,915,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Assetmark Inc. boosted its stake in shares of Intapp by 164.6% during the 4th quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock worth $50,000 after buying an additional 815 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Intapp by 81,400.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,445 shares of the company’s stock worth $82,000 after buying an additional 2,442 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Intapp by 30.5% during the 4th quarter. Amalgamated Bank now owns 3,957 shares of the company’s stock worth $150,000 after buying an additional 924 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Intapp by 25.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,419 shares of the company’s stock worth $206,000 after buying an additional 1,098 shares during the last quarter. Finally, Strs Ohio acquired a new position in shares of Intapp during the 4th quarter worth about $212,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on INTA shares. Citigroup cut their target price on shares of Intapp from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Barclays cut their target price on shares of Intapp from $47.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, April 11th. BTIG Research cut their target price on shares of Intapp from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Piper Sandler cut their target price on shares of Intapp from $52.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, May 10th. Finally, Stifel Nicolaus cut their target price on shares of Intapp from $47.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Intapp currently has a consensus rating of “Buy” and a consensus price target of $46.13.

Intapp Stock Up 1.6 %

Shares of INTA stock opened at $34.20 on Monday. The firm has a 50 day moving average price of $34.25 and a two-hundred day moving average price of $36.85. The company has a market capitalization of $2.51 billion, a PE ratio of -56.06 and a beta of 0.61. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $49.27.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.10. Intapp had a negative net margin of 10.44% and a negative return on equity of 9.08%. The firm had revenue of $110.64 million during the quarter, compared to the consensus estimate of $108.18 million. As a group, research analysts expect that Intapp, Inc. will post -0.37 EPS for the current year.

Insider Transactions at Intapp

In other news, Director George R. Neble sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $31.38, for a total transaction of $47,070.00. Following the transaction, the director now directly owns 29,047 shares of the company’s stock, valued at $911,494.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director George R. Neble sold 1,500 shares of Intapp stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $31.38, for a total value of $47,070.00. Following the transaction, the director now directly owns 29,047 shares of the company’s stock, valued at $911,494.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thad Jampol sold 10,000 shares of Intapp stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $31.87, for a total transaction of $318,700.00. Following the completion of the transaction, the insider now directly owns 727,759 shares in the company, valued at $23,193,679.33. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,724 shares of company stock valued at $1,923,651. 36.56% of the stock is currently owned by company insiders.

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.