GW&K Investment Management LLC Sells 34,057 Shares of Intapp, Inc. (NASDAQ:INTA)

GW&K Investment Management LLC cut its position in shares of Intapp, Inc. (NASDAQ:INTA) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,391,653 shares of the company’s stock after selling 34,057 shares during the period. Intapp comprises about 0.8% of GW&K Investment Management LLC’s investment portfolio, making the stock its 20th largest position. GW&K Investment Management LLC’s holdings in Intapp were worth $89,191,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Luxor Capital Group LP acquired a new stake in Intapp during the third quarter worth $47,837,000. FMR LLC lifted its holdings in shares of Intapp by 7.8% during the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after acquiring an additional 411,434 shares during the period. Loomis Sayles & Co. L P boosted its position in shares of Intapp by 29.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock valued at $71,392,000 after acquiring an additional 343,275 shares in the last quarter. Praesidium Investment Management Company LLC increased its stake in Intapp by 15.3% in the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock valued at $92,316,000 after acquiring an additional 256,327 shares during the period. Finally, Dai ichi Life Insurance Company Ltd acquired a new position in Intapp in the third quarter worth about $7,118,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intapp

In other Intapp news, CEO John T. Hall sold 70,986 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $68.83, for a total transaction of $4,885,966.38. Following the transaction, the chief executive officer now directly owns 5,026,096 shares in the company, valued at approximately $345,946,187.68. This represents a 1.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ralph Baxter sold 9,289 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $70.14, for a total transaction of $651,530.46. Following the completion of the transaction, the director now directly owns 9,441 shares in the company, valued at $662,191.74. This trade represents a 49.59 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 272,109 shares of company stock worth $18,318,271. Insiders own 13.02% of the company’s stock.

Intapp Stock Down 2.3 %

Shares of NASDAQ INTA opened at $64.58 on Friday. The company has a market cap of $5.13 billion, a price-to-earnings ratio of -222.68 and a beta of 0.74. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $77.74. The firm’s 50-day simple moving average is $68.10 and its 200 day simple moving average is $57.53.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. On average, equities analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current year.

Analysts Set New Price Targets

INTA has been the topic of a number of recent research reports. Piper Sandler reaffirmed an “overweight” rating and set a $71.00 price objective (up from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Barclays boosted their price target on Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Citigroup reiterated a “neutral” rating and set a $78.00 price objective (down from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Stifel Nicolaus boosted their target price on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, UBS Group upped their target price on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $66.45.

Intapp Company 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.