Intapp, Inc. (NASDAQ:INTA) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC boosted its stake in Intapp, Inc. (NASDAQ:INTA) by 28.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,380 shares of the company’s stock after buying an additional 8,857 shares during the period. Jane Street Group LLC owned 0.05% of Intapp worth $2,588,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its position in Intapp by 2.0% in the fourth quarter. Victory Capital Management Inc. now owns 8,652 shares of the company’s stock worth $555,000 after buying an additional 171 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in shares of Intapp by 8.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company’s stock valued at $190,000 after purchasing an additional 239 shares during the period. Global Retirement Partners LLC acquired a new position in shares of Intapp during the fourth quarter valued at $25,000. Raleigh Capital Management Inc. acquired a new position in shares of Intapp during the fourth quarter valued at $25,000. Finally, Amalgamated Bank increased its holdings in shares of Intapp by 30.0% during the fourth quarter. Amalgamated Bank now owns 1,819 shares of the company’s stock valued at $117,000 after purchasing an additional 420 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

Intapp Stock Up 0.3%

NASDAQ:INTA opened at $56.76 on Thursday. The business’s 50-day moving average price is $56.03 and its 200 day moving average price is $61.66. The firm has a market cap of $4.60 billion, a P/E ratio of -195.72 and a beta of 0.84. Intapp, Inc. has a 52-week low of $31.08 and a 52-week high of $77.74.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The firm had revenue of $129.07 million for the quarter, compared to analyst estimates of $128.84 million. Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. Intapp’s revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 earnings per share. Sell-side analysts expect that Intapp, Inc. will post -0.14 EPS for the current year.

Insider Activity at Intapp

In related news, CEO John T. Hall sold 33,227 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $2,287,014.41. Following the completion of the transaction, the chief executive officer now owns 5,258,576 shares in the company, valued at $361,947,786.08. This trade represents a 0.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thad Jampol sold 5,000 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $56.65, for a total value of $283,250.00. Following the completion of the transaction, the insider now owns 857,250 shares of the company’s stock, valued at $48,563,212.50. This trade represents a 0.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold 279,755 shares of company stock worth $17,372,011 in the last quarter. 13.02% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on INTA shares. Stifel Nicolaus lowered their price target on Intapp from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. Truist Financial lowered their price target on Intapp from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. UBS Group lowered their price target on Intapp from $92.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Citigroup reissued a “neutral” rating on shares of Intapp in a report on Monday, April 21st. Finally, Barclays lowered their price target on Intapp from $68.00 to $60.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.89.

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.