Virtu Financial LLC Buys Shares of 12,737 Intapp, Inc. (NASDAQ:INTA)

Virtu Financial LLC acquired a new stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 12,737 shares of the company's stock, valued at approximately $609,000.

Other hedge funds have also modified their holdings of the company. FORA Capital LLC purchased a new stake in shares of Intapp during the third quarter worth about $566,000. Loomis Sayles & Co. L P boosted its stake in Intapp by 29.9% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company's stock worth $71,392,000 after purchasing an additional 343,275 shares during the period. Farther Finance Advisors LLC boosted its stake in Intapp by 1,054.0% in the 3rd 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. Algert Global LLC purchased a new stake in Intapp during the 3rd quarter valued at approximately $468,000. Finally, Luxor Capital Group LP bought a new stake in shares of Intapp during the third quarter valued at approximately $47,837,000. 89.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on INTA shares. JPMorgan Chase & Co. upped their target price on shares of Intapp from $58.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Citigroup lifted their price target on Intapp from $52.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. Piper Sandler reiterated an "overweight" rating and set a $60.00 price objective (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Truist Financial raised their target price on shares of Intapp from $55.00 to $77.00 and gave the stock a "buy" rating in a report on Friday. Finally, Stifel Nicolaus lifted their price target on shares of Intapp from $45.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, September 23rd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Intapp has an average rating of "Moderate Buy" and a consensus target price of $57.09.

Intapp Trading Down 1.2 %

Shares of INTA traded down $0.84 during midday trading on Friday, reaching $68.63. 519,247 shares of the stock were exchanged, compared to its average volume of 637,802. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $71.34. The company's 50 day moving average is $56.35 and its two-hundred day moving average is $45.29. The company has a market capitalization of $5.31 billion, a P/E ratio of -236.66 and a beta of 0.74.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The company's revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.20) EPS. On average, sell-side analysts expect that Intapp, Inc. will post -0.14 EPS for the current year.

Insider Activity

In other Intapp news, CEO John T. Hall sold 61,842 shares of the business's stock in a transaction that occurred 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 approximately $300,216,181.76. The trade was a 1.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thad Jampol sold 31,666 shares of Intapp stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $49.09, for a total transaction of $1,554,483.94. Following the sale, the insider now owns 772,412 shares of the company's stock, valued at $37,917,705.08. The trade was a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 428,215 shares of company stock worth $23,806,670. Corporate insiders own 13.02% of the company's stock.

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.