Jennison Associates LLC Sells 1,853 Shares of Intapp, Inc. (NASDAQ:INTA)

Jennison Associates LLC lessened its stake in Intapp, Inc. (NASDAQ:INTA) by 0.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,536,433 shares of the company’s stock after selling 1,853 shares during the period. Jennison Associates LLC owned about 1.99% of Intapp worth $98,470,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in INTA. KBC Group NV lifted its holdings in shares of Intapp by 92.4% during the 4th quarter. KBC Group NV now owns 2,641 shares of the company’s stock worth $169,000 after acquiring an additional 1,268 shares during the period. Blue Trust Inc. raised its holdings in shares of Intapp by 36.0% in the 4th quarter. Blue Trust Inc. now owns 2,908 shares of the company’s stock worth $186,000 after buying an additional 769 shares in the last quarter. Raleigh Capital Management Inc. bought a new position in shares of Intapp during the 4th quarter worth approximately $25,000. Janney Montgomery Scott LLC acquired a new position in Intapp during the fourth quarter worth $378,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Intapp in the 4th quarter worth about $182,000. 89.96% of the stock is currently owned by institutional investors.

Intapp Stock Down 1.1 %

INTA opened at $70.52 on Tuesday. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $73.86. The company has a fifty day moving average of $66.46 and a 200-day moving average of $53.36. The stock has a market cap of $5.46 billion, a PE ratio of -243.17 and a beta of 0.74.

Intapp (NASDAQ:INTA) last released its earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The company had revenue of $118.81 million for the quarter, compared to the consensus estimate of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. Intapp’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.20) EPS. Sell-side analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Insider Activity

In other Intapp news, CEO John T. Hall sold 44,009 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $59.30, for a total value of $2,609,733.70. Following the completion of the sale, the chief executive officer now owns 5,093,692 shares in the company, valued at approximately $302,055,935.60. This trade represents a 0.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thad Jampol sold 20,174 shares of Intapp stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total value of $1,196,318.20. Following the sale, the insider now owns 803,400 shares in the company, valued at $47,641,620. This trade represents a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 402,624 shares of company stock worth $24,954,154 over the last three months. 13.02% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Truist Financial increased their price target on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Citigroup reiterated a “neutral” rating and issued a $78.00 price objective (down previously from $87.00) on shares of Intapp in a research report on Thursday, January 16th. UBS Group increased their target price on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a report on Monday. Finally, Barclays upped their price target on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $63.64.

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.