XTX Topco Ltd Takes Position in Intapp, Inc. (NASDAQ:INTA)

XTX Topco Ltd purchased a new stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,160 shares of the company's stock, valued at approximately $486,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC increased its position in shares of Intapp by 7.8% during the third quarter. FMR LLC now owns 5,658,957 shares of the company's stock valued at $270,668,000 after buying an additional 411,434 shares during the period. Bamco Inc. NY grew its holdings in shares of Intapp by 1.2% during the 3rd quarter. Bamco Inc. NY now owns 2,850,455 shares of the company's stock worth $136,337,000 after acquiring an additional 34,409 shares during the period. Praesidium Investment Management Company LLC raised its position 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 worth $92,316,000 after acquiring an additional 256,327 shares in the last quarter. Loomis Sayles & Co. L P lifted its stake in shares of Intapp by 29.9% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company's stock valued at $71,392,000 after purchasing an additional 343,275 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of Intapp by 1.0% during the third quarter. Wellington Management Group LLP now owns 995,747 shares of the company's stock valued at $47,627,000 after purchasing an additional 10,214 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

Intapp Stock Down 1.2 %

INTA stock traded down $0.84 during mid-day trading on Friday, hitting $68.63. The company had a trading volume of 519,247 shares, compared to its average volume of 637,802. The company has a 50-day moving average price of $56.35 and a 200 day moving average price of $45.35. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $71.34. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of -236.66 and a beta of 0.74.

Intapp (NASDAQ:INTA - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $117.88 million. During the same quarter last year, the business earned ($0.20) earnings per share. Intapp's quarterly revenue was up 17.0% compared to the same quarter last year. As a group, analysts expect that Intapp, Inc. will post -0.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Stifel Nicolaus raised their price objective on Intapp from $45.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, September 23rd. Citigroup raised their target price on shares of Intapp from $52.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. boosted their price target on Intapp from $58.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. 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 note on Tuesday, November 5th. Finally, Raymond James boosted their target price on Intapp from $46.00 to $55.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $57.09.

Insider Activity

In related news, CFO David H. Morton, Jr. sold 4,204 shares of the business's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $59.97, for a total transaction of $252,113.88. Following the completion of the transaction, the chief financial officer now owns 27,331 shares in the company, valued at $1,639,040.07. The trade was a 13.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John T. Hall sold 61,842 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $59.68, for a total value of $3,690,730.56. Following the completion of the transaction, the chief executive officer now directly owns 5,030,432 shares in the company, valued at $300,216,181.76. This trade represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 428,215 shares of company stock valued at $23,806,670 in the last ninety days. 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.