Intapp, Inc. (NASDAQ:INTA) Shares Sold by Virtu Financial LLC

Virtu Financial LLC lowered its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 55.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,671 shares of the company's stock after selling 7,066 shares during the period. Virtu Financial LLC's holdings in Intapp were worth $363,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its position in shares of Intapp by 2.0% during the 4th quarter. Victory Capital Management Inc. now owns 8,652 shares of the company's stock valued at $555,000 after acquiring an additional 171 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Intapp by 8.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company's stock valued at $190,000 after purchasing an additional 239 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Intapp by 1.1% during the third quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company's stock valued at $1,187,000 after purchasing an additional 264 shares during the period. Global Retirement Partners LLC bought a new stake in Intapp in the 4th quarter worth $25,000. Finally, Raleigh Capital Management Inc. purchased a new stake in shares of Intapp during the fourth quarter worth about $25,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Intapp Stock Performance

Intapp stock traded down $1.68 during mid-day trading on Friday, reaching $59.91. 348,337 shares of the company were exchanged, compared to its average volume of 647,024. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $77.74. The business has a fifty day moving average of $66.42 and a 200 day moving average of $60.46. The firm has a market cap of $4.76 billion, a P/E ratio of -206.58 and a beta of 0.76.

Remove Ads

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. Sell-side analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Insider Activity at Intapp

In related news, CEO John T. Hall sold 33,227 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $2,287,014.41. Following the completion of the transaction, the chief executive officer now owns 5,258,576 shares in the company, valued at $361,947,786.08. This trade represents a 0.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Scott Fitzgerald sold 3,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $64.38, for a total value of $193,140.00. Following the sale, the chief marketing officer now owns 39,212 shares in the company, valued at approximately $2,524,468.56. The trade was a 7.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 184,827 shares of company stock valued at $11,825,658 in the last three months. 13.02% of the stock is owned by insiders.

Analyst Ratings Changes

INTA has been the subject of several research analyst reports. Truist Financial raised their price objective on shares of Intapp from $55.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Citigroup reaffirmed a "neutral" rating and set a $78.00 price objective (down previously from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Piper Sandler reiterated an "overweight" rating and issued a $71.00 price target (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Raymond James reissued a "market perform" rating on shares of Intapp in a research report on Friday, January 3rd. Finally, Barclays boosted their target price on Intapp from $63.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $66.45.

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.