Intapp, Inc. (NASDAQ:INTA) Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC increased its holdings in Intapp, Inc. (NASDAQ:INTA) by 18.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,517 shares of the company’s stock after purchasing an additional 20,972 shares during the quarter. Squarepoint Ops LLC owned 0.18% of Intapp worth $4,969,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in INTA. Bamco Inc. NY bought a new position in shares of Intapp in the first quarter valued at $88,605,000. Vanguard Group Inc. grew its holdings in shares of Intapp by 42.7% in the 1st quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock worth $172,002,000 after acquiring an additional 1,501,091 shares during the last quarter. Clearbridge Investments LLC acquired a new stake in shares of Intapp during the first quarter worth $16,156,000. F M Investments LLC purchased a new stake in shares of Intapp during the second quarter valued at $7,006,000. Finally, Jane Street Group LLC boosted its position in shares of Intapp by 766.2% in the 1st quarter. Jane Street Group LLC now owns 166,456 shares of the company’s stock valued at $5,709,000 after purchasing an additional 147,240 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Michele Murgel sold 1,252 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $50.00, for a total transaction of $62,600.00. Following the transaction, the insider now owns 152,702 shares of the company’s stock, valued at approximately $7,635,100. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Michele Murgel sold 1,252 shares of Intapp stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $62,600.00. Following the transaction, the insider now owns 152,702 shares of the company’s stock, valued at $7,635,100. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Donald F. Coleman sold 58,003 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $49.31, for a total transaction of $2,860,127.93. Following the sale, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at $32,950,865.09. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 141,239 shares of company stock worth $6,674,331. 36.56% of the stock is owned by corporate insiders.

Intapp Trading Up 0.6 %

INTA opened at $47.83 on Tuesday. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $51.80. The stock has a fifty day moving average price of $41.83 and a 200 day moving average price of $36.99. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of -78.41 and a beta of 0.65.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.12 by $0.03. The business had revenue of $114.38 million during the quarter, compared to analysts’ expectations of $111.58 million. Intapp had a negative return on equity of 5.36% and a negative net margin of 7.44%. The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.14) EPS. As a group, sell-side analysts forecast that Intapp, Inc. will post -0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on INTA shares. Barclays boosted their price objective on Intapp from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, August 14th. Stifel Nicolaus upped their price target on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Piper Sandler reiterated an “overweight” rating and set a $46.00 price objective on shares of Intapp in a research report on Wednesday, August 14th. Bank of America reduced their target price on Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Finally, Citigroup lifted their price target on Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Intapp has a consensus rating of “Moderate Buy” and a consensus price target of $50.00.

About Intapp

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.