Federated Hermes Inc. Reduces Stock Position in Intapp, Inc. (NASDAQ:INTA)

Federated Hermes Inc. lowered its stake in shares of Intapp, Inc. (NASDAQ:INTA) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,679 shares of the company’s stock after selling 5,659 shares during the period. Federated Hermes Inc.’s holdings in Intapp were worth $3,105,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in INTA. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Intapp during the third quarter worth $52,000. Allspring Global Investments Holdings LLC lifted its position in shares of Intapp by 152.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,998 shares of the company’s stock worth $67,000 after acquiring an additional 1,205 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Intapp by 81,400.0% during the third quarter. PNC Financial Services Group Inc. now owns 2,445 shares of the company’s stock worth $82,000 after acquiring an additional 2,442 shares in the last quarter. Amalgamated Bank lifted its position in shares of Intapp by 30.5% during the third quarter. Amalgamated Bank now owns 3,033 shares of the company’s stock worth $102,000 after acquiring an additional 708 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Intapp by 90.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,321 shares of the company’s stock worth $145,000 after acquiring an additional 2,052 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Intapp Stock Up 1.4 %

INTA opened at $31.88 on Friday. The stock has a market cap of $2.33 billion, a PE ratio of -39.85 and a beta of 0.51. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $50.46. The business’s fifty day simple moving average is $34.59 and its 200 day simple moving average is $37.31.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, February 6th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. The business had revenue of $103.93 million for the quarter, compared to analysts’ expectations of $103.17 million. Intapp had a negative return on equity of 12.98% and a negative net margin of 13.81%. As a group, equities analysts anticipate that Intapp, Inc. will post -0.53 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on INTA shares. Barclays dropped their target price on Intapp from $47.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. Citigroup lowered their price objective on Intapp from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Truist Financial increased their price objective on Intapp from $46.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Stifel Nicolaus lowered their price objective on Intapp from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Piper Sandler reiterated an “overweight” rating and issued a $52.00 price objective on shares of Intapp in a research report on Monday, February 26th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $48.44.

Insider Activity

In other news, CEO John T. Hall sold 30,344 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $40.27, for a total transaction of $1,221,952.88. Following the transaction, the chief executive officer now directly owns 4,708,775 shares of the company’s stock, valued at $189,622,369.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO John T. Hall sold 30,344 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $40.27, for a total transaction of $1,221,952.88. Following the transaction, the chief executive officer now directly owns 4,708,775 shares of the company’s stock, valued at $189,622,369.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thad Jampol sold 15,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $40.03, for a total value of $600,450.00. Following the transaction, the insider now directly owns 707,650 shares in the company, valued at $28,327,229.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,117,067 shares of company stock valued at $258,544,060. 36.56% of the stock is currently owned by insiders.

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.