Xponance Inc. Boosts Stock Holdings in Intapp, Inc. (NASDAQ:INTA)

Xponance Inc. boosted its holdings in Intapp, Inc. (NASDAQ:INTA) by 11.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,246 shares of the company’s stock after buying an additional 450 shares during the quarter. Xponance Inc.’s holdings in Intapp were worth $248,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Invesco Ltd. lifted its position in Intapp by 6,506.1% in the fourth quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock valued at $126,931,000 after purchasing an additional 1,950,526 shares during the period. Vanguard Group Inc. lifted its position in Intapp by 11.8% in the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock valued at $408,139,000 after purchasing an additional 672,832 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Intapp by 408.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 720,994 shares of the company’s stock valued at $46,209,000 after purchasing an additional 579,075 shares during the period. Lord Abbett & CO. LLC acquired a new stake in Intapp in the fourth quarter valued at about $30,563,000. Finally, Capital World Investors lifted its position in Intapp by 30.3% in the fourth quarter. Capital World Investors now owns 1,701,939 shares of the company’s stock valued at $109,077,000 after purchasing an additional 395,804 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Insiders Place Their Bets

In related news, insider Thad Jampol sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $56.65, for a total transaction of $283,250.00. Following the completion of the sale, the insider directly owned 857,250 shares in the company, valued at approximately $48,563,212.50. This trade represents a 0.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David H. Morton, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $55.02, for a total transaction of $550,200.00. Following the sale, the chief financial officer owned 32,739 shares of the company’s stock, valued at $1,801,299.78. The trade was a 23.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,913 shares of company stock valued at $4,257,984. 13.02% of the stock is currently owned by insiders.

Intapp Price Performance

Intapp stock opened at $42.54 on Friday. The firm has a 50 day simple moving average of $52.51 and a 200-day simple moving average of $58.70. The stock has a market capitalization of $3.44 billion, a PE ratio of -177.25, a price-to-earnings-growth ratio of 7.92 and a beta of 0.76. Intapp, Inc. has a 12-month low of $31.08 and a 12-month high of $77.74.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.04. The business had revenue of $129.07 million during the quarter, compared to analysts’ expectations of $128.84 million. Intapp had a negative net margin of 3.78% and a negative return on equity of 1.19%. The business’s revenue was up 16.7% on a year-over-year basis. During the same period last year, the firm posted $0.14 earnings per share. On average, analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on INTA shares. Citigroup lowered their price target on Intapp from $66.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday. Barclays cut shares of Intapp from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $60.00 to $44.00 in a research note on Monday, July 14th. Truist Financial lowered their price objective on shares of Intapp from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Wall Street Zen cut shares of Intapp from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 21st. Finally, UBS Group reduced their target price on shares of Intapp from $92.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.11.

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.