Luxor Capital Group LP Invests $47.84 Million in Intapp, Inc. (NASDAQ:INTA)

Luxor Capital Group LP bought a new position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,000,152 shares of the company's stock, valued at approximately $47,837,000. Intapp makes up 3.0% of Luxor Capital Group LP's holdings, making the stock its 9th biggest holding. Luxor Capital Group LP owned 1.29% of Intapp at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in Intapp by 1,054.0% during the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company's stock worth $28,000 after purchasing an additional 527 shares during the period. J.Safra Asset Management Corp lifted its stake in Intapp by 634.0% during the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company's stock worth $26,000 after purchasing an additional 615 shares during the period. Blue Trust Inc. bought a new position in Intapp during the second quarter worth about $30,000. Quest Partners LLC bought a new position in Intapp during the third quarter worth about $54,000. Finally, Financial Management Professionals Inc. bought a new position in Intapp during the third quarter worth about $57,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Ralph Baxter sold 5,000 shares of the business's stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $47.44, for a total transaction of $237,200.00. Following the transaction, the director now directly owns 5,624 shares in the company, valued at approximately $266,802.56. The trade was a 47.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thad Jampol sold 20,000 shares of the company's stock in a transaction dated Tuesday, October 8th. The stock was 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 directly owns 772,412 shares of the company's stock, valued at $34,828,057.08. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 403,215 shares of company stock valued at $22,106,070. 13.02% of the stock is currently owned by corporate insiders.

Intapp Stock Up 2.8 %

Shares of Intapp stock traded up $1.83 on Monday, hitting $68.29. The stock had a trading volume of 463,986 shares, compared to its average volume of 637,678. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of -235.00 and a beta of 0.74. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $68.88. The business's 50 day moving average is $54.26 and its two-hundred day moving average is $44.21.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.08. The firm had revenue of $118.81 million for the quarter, compared to analysts' expectations of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The company's quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.20) EPS. As a group, equities analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Stifel Nicolaus increased 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. UBS Group boosted their target price on shares of Intapp from $49.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. increased their price target on shares of Intapp from $58.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday. Barclays boosted their price objective on shares of Intapp from $44.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 5th. Finally, Truist Financial reissued a "buy" rating and issued a $55.00 target price (up from $47.00) on shares of Intapp in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $55.09.

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.