Wellington Management Group LLP Sells 144,608 Shares of Intapp, Inc. (NASDAQ:INTA)

Wellington Management Group LLP lowered its holdings in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 14.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 851,139 shares of the company's stock after selling 144,608 shares during the period. Wellington Management Group LLP owned about 1.07% of Intapp worth $54,549,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Raleigh Capital Management Inc. acquired a new stake in shares of Intapp in the 4th quarter valued at $25,000. Global Retirement Partners LLC bought a new position in shares of Intapp in the fourth quarter valued at about $25,000. SBI Securities Co. Ltd. bought a new position in shares of Intapp in the fourth quarter valued at about $32,000. Wilmington Savings Fund Society FSB bought a new position in shares of Intapp in the third quarter valued at about $64,000. Finally, OFI Invest Asset Management bought a new position in shares of Intapp in the fourth quarter valued at about $102,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on INTA shares. Raymond James reissued a "market perform" rating on shares of Intapp in a report on Friday, January 3rd. Truist Financial upped 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. Piper Sandler reaffirmed an "overweight" rating and issued a $71.00 price target (up from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. UBS Group upped their price target on Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Finally, Stifel Nicolaus boosted 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. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $66.45.

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Insiders Place Their Bets

In other news, CEO John T. Hall sold 33,227 shares of the company'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 directly owns 5,258,576 shares in the company, valued at approximately $361,947,786.08. This represents a 0.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michele Murgel sold 7,531 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $518,358.73. Following the completion of the transaction, the insider now owns 223,945 shares of the company's stock, 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. Over the last quarter, insiders have sold 274,755 shares of company stock valued at $17,088,761. Insiders own 13.02% of the company's stock.

Intapp Stock Performance

Shares of INTA traded down $3.26 during mid-day trading on Thursday, reaching $53.77. 71,228 shares of the company were exchanged, compared to its average volume of 652,983. The stock has a market capitalization of $4.27 billion, a PE ratio of -187.25 and a beta of 0.82. The business has a 50 day simple moving average of $63.34 and a two-hundred day simple moving average of $60.80. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) 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, analysts predict 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.