XTX Topco Ltd Buys New Shares in Intapp, Inc. (NASDAQ:INTA)

XTX Topco Ltd purchased a new position in shares of Intapp, Inc. (NASDAQ:INTA) in the third quarter, HoldingsChannel reports. The fund purchased 10,160 shares of the company’s stock, valued at approximately $486,000.

Other large investors have also added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Intapp by 7.8% during the third quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after purchasing an additional 411,434 shares during the period. Loomis Sayles & Co. L P raised its position in Intapp by 29.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after buying an additional 343,275 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Intapp by 64.0% during the 2nd quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock valued at $28,319,000 after acquiring an additional 301,238 shares during the period. Praesidium Investment Management Company LLC boosted its holdings in shares of Intapp by 15.3% in the 3rd 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. Finally, F M Investments LLC acquired a new stake in shares of Intapp in the second quarter worth $7,006,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Intapp Stock Performance

Intapp stock opened at $68.63 on Friday. The company’s fifty day moving average price is $56.35 and its 200 day moving average price is $45.29. The stock has a market capitalization of $5.31 billion, a P/E ratio of -236.66 and a beta of 0.74. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $71.34.

Intapp (NASDAQ:INTA) last released its earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The business had revenue of $118.81 million during the quarter, compared to analysts’ expectations of $117.88 million. During the same quarter in the previous year, the company earned ($0.20) earnings per share. The company’s quarterly revenue was up 17.0% on a year-over-year basis. Sell-side analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Truist Financial boosted their price objective on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a report on Friday. Stifel Nicolaus raised their target price on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Raymond James boosted their price target on Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $60.00 target price (up from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $57.09.

Insiders Place Their Bets

In other Intapp news, CEO John T. Hall sold 61,842 shares of Intapp stock in a transaction on Monday, November 25th. The shares were sold at an average price of $59.68, for a total transaction of $3,690,730.56. Following the sale, the chief executive officer now owns 5,030,432 shares of the company’s stock, valued at $300,216,181.76. The trade was a 1.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thad Jampol sold 20,000 shares of the stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $45.09, for a total transaction of $901,800.00. Following the completion of the sale, the insider now owns 772,412 shares of the company’s stock, valued at $34,828,057.08. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 428,215 shares of company stock worth $23,806,670. Corporate 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.