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Federated Hermes Inc. Decreases Position in Intapp, Inc. $INTA
Federated Hermes Inc. significantly reduced its stake in Intapp, Inc. by 98.6% in Q3, selling 176,055 shares to hold just 2,497 shares. Despite this, Intapp reported strong quarterly earnings, beating estimates with $0.33 EPS and $140.21M in revenue, and announced a $200 million share repurchase plan. The article also notes recent insider selling by the CEO and CFO, while institutional investors collectively own a substantial 89.96% of the company’s stock.