Intapp, Inc. (NASDAQ:INTA) Shares Sold by Trexquant Investment LP

Trexquant Investment LP decreased its holdings in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 12.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 123,040 shares of the company's stock after selling 17,352 shares during the period. Trexquant Investment LP owned approximately 0.15% of Intapp worth $7,886,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in Intapp during the fourth quarter worth $25,000. Raleigh Capital Management Inc. purchased a new stake in Intapp during the fourth quarter worth about $25,000. SBI Securities Co. Ltd. acquired a new position in Intapp during the fourth quarter worth about $32,000. Wilmington Savings Fund Society FSB purchased a new position in Intapp in the third quarter valued at about $64,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Intapp during the 4th quarter worth approximately $102,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Citigroup reiterated a "neutral" rating and issued a $78.00 price objective (down from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Stifel Nicolaus upped their price target on shares of Intapp from $70.00 to $75.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Barclays raised their price target on shares of Intapp from $63.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. UBS Group raised their price target on Intapp from $89.00 to $92.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Finally, Truist Financial boosted their price target on Intapp from $55.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Intapp presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.45.

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Intapp Stock Up 14.0 %

Shares of NASDAQ INTA traded up $7.02 during trading on Wednesday, reaching $57.03. 957,321 shares of the stock were exchanged, compared to its average volume of 655,262. The business's 50-day moving average price is $63.34 and its 200 day moving average price is $60.80. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of -196.65 and a beta of 0.82. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported ($0.08) EPS 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, sell-side analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO David H. Morton, Jr. sold 5,445 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $374,779.35. Following the completion of the transaction, the chief financial officer now owns 38,996 shares in the company, valued at $2,684,094.68. The trade was a 12.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thad Jampol sold 112,928 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $59.27, for a total value of $6,693,242.56. Following the completion of the sale, the insider now directly owns 857,250 shares in the company, valued at $50,809,207.50. This represents a 11.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 274,755 shares of company stock worth $17,088,761. Corporate insiders own 13.02% of the company's stock.

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.