Xponance Inc. Acquires Shares of 3,796 Intapp, Inc. (NASDAQ:INTA)

Xponance Inc. bought a new stake in Intapp, Inc. (NASDAQ:INTA) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,796 shares of the company’s stock, valued at approximately $243,000.

A number of other institutional investors also recently modified their holdings of the business. Luxor Capital Group LP bought a new stake in shares of Intapp during the third quarter worth about $47,837,000. FMR LLC increased its position in Intapp by 7.8% in the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock valued at $270,668,000 after acquiring an additional 411,434 shares during the period. Praesidium Investment Management Company LLC raised its stake in shares of Intapp by 15.3% during 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 last quarter. Raymond James Financial Inc. acquired a new position in shares of Intapp during the fourth quarter worth $12,870,000. Finally, Scopia Capital Management LP bought a new stake in shares of Intapp in the third quarter worth $4,910,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analysts Set New Price Targets

INTA has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Citigroup reiterated a “neutral” rating and set a $78.00 price target (down from $87.00) on shares of Intapp in a report on Thursday, January 16th. Piper Sandler reissued an “overweight” rating and issued a $71.00 price objective (up from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Stifel Nicolaus lifted their target price on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, UBS Group increased their price target on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Intapp has an average rating of “Moderate Buy” and an average target price of $66.45.

Intapp Trading Down 2.7 %

Shares of INTA opened at $59.91 on Friday. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $77.74. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of -206.58 and a beta of 0.76. The stock has a 50 day moving average of $66.42 and a 200 day moving average of $60.23.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. As a group, equities research analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current year.

Insider Transactions at Intapp

In related news, COO Donald F. Coleman sold 12,601 shares of the business’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 $867,326.83. Following the sale, the chief operating officer now directly owns 438,721 shares in the company, valued at approximately $30,197,166.43. The trade was a 2.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David H. Morton, Jr. sold 5,445 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $374,779.35. Following the sale, the chief financial officer now directly owns 38,996 shares in the company, valued at approximately $2,684,094.68. This trade represents a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 184,827 shares of company stock worth $11,825,658 in the last quarter. Insiders own 13.02% of the company’s stock.

Intapp 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.