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

T. Rowe Price Investment Management Inc. cut its stake in Intapp, Inc. (NASDAQ:INTA - Free Report) by 4.6% in the 4th quarter, according to its most recent disclosure with the 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. owned about 4.48% of Intapp worth $228,224,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on INTA shares. UBS Group lifted their price objective on Intapp from $89.00 to $92.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Barclays lowered their price objective on Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Truist Financial decreased their target price on shares of Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Piper Sandler reissued an "overweight" rating and set a $71.00 price target (up previously from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Finally, Raymond James restated a "market perform" rating on shares of Intapp in a research report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $64.91.

Intapp Stock Down 0.5 %

Shares of NASDAQ INTA traded down $0.28 during trading on Monday, reaching $54.10. The company had a trading volume of 272,328 shares, compared to its average volume of 655,144. Intapp, Inc. has a 12-month low of $30.42 and a 12-month high of $77.74. The business's 50-day moving average is $58.58 and its 200 day moving average is $61.27. The stock has a market cap of $4.30 billion, a PE ratio of -186.55 and a beta of 0.82.

Intapp (NASDAQ:INTA - Get Free Report) last released 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 net margin of 4.78% and a negative return on equity of 1.86%. On average, analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current year.

Insider Buying and Selling

In other Intapp news, CEO John T. Hall sold 33,227 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $2,287,014.41. Following the completion of the transaction, the chief executive officer now owns 5,258,576 shares of the company's stock, valued at approximately $361,947,786.08. The trade was a 0.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michele Murgel sold 7,531 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 transaction of $518,358.73. Following the sale, the insider now directly owns 223,945 shares in the company, valued at approximately $15,414,134.35. The trade was a 3.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 274,755 shares of company stock worth $17,088,761 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.