Intapp, Inc. (NASDAQ:INTA) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP boosted its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 995,747 shares of the company's stock after buying an additional 10,214 shares during the quarter. Wellington Management Group LLP owned 1.29% of Intapp worth $47,627,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of INTA. J.Safra Asset Management Corp boosted its stake in Intapp by 634.0% during the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company's stock worth $26,000 after buying an additional 615 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company's stock valued at $28,000 after purchasing an additional 527 shares during the period. Blue Trust Inc. purchased a new position in shares of Intapp in the second quarter valued at approximately $30,000. Comerica Bank boosted its stake in shares of Intapp by 218.4% in the first quarter. Comerica Bank now owns 1,261 shares of the company's stock valued at $43,000 after purchasing an additional 865 shares during the period. Finally, Quest Partners LLC purchased a new position in shares of Intapp in the third quarter valued at approximately $54,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on INTA. Barclays raised their price objective on shares of Intapp from $44.00 to $48.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 5th. Bank of America lowered their price objective on shares of Intapp from $52.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, August 14th. UBS Group raised their price objective on shares of Intapp from $49.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. Raymond James raised their target price on shares of Intapp from $46.00 to $55.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Finally, Citigroup raised their target price on shares of Intapp from $52.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $55.09.

Intapp Stock Performance

INTA stock traded up $0.19 during midday trading on Thursday, reaching $70.19. 326,707 shares of the company were exchanged, compared to its average volume of 636,984. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $71.34. The stock's 50-day simple moving average is $55.47 and its 200 day simple moving average is $44.83. The company has a market cap of $5.43 billion, a price-to-earnings ratio of -241.38 and a beta of 0.74.

Intapp (NASDAQ:INTA - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.08. The business had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The company's revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.20) earnings per share. On average, research analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current year.

Insider Activity at Intapp

In other Intapp news, insider Michele Murgel sold 1,252 shares of the business's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $50.00, for a total transaction of $62,600.00. Following the sale, the insider now directly owns 152,702 shares in the company, valued at approximately $7,635,100. The trade was a 0.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thad Jampol sold 31,666 shares of Intapp stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $49.09, for a total value of $1,554,483.94. Following the transaction, the insider now directly owns 772,412 shares of the company's stock, valued at $37,917,705.08. This trade represents a 3.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 423,215 shares of company stock worth $23,465,470 in the last three months. Insiders own 13.02% of the company's stock.

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.