D. E. Shaw & Co. Inc. Has $18.25 Million Stock Holdings in Intapp, Inc. (NASDAQ:INTA)

D. E. Shaw & Co. Inc. increased its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 199.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284,801 shares of the company's stock after purchasing an additional 189,836 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.36% of Intapp worth $18,253,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Deutsche Bank AG increased its position in Intapp by 26.9% in the 4th quarter. Deutsche Bank AG now owns 218,364 shares of the company's stock valued at $13,995,000 after acquiring an additional 46,336 shares during the period. CoreCap Advisors LLC acquired a new position in Intapp in the 4th quarter valued at approximately $64,000. Corton Capital Inc. acquired a new position in Intapp in the 4th quarter valued at approximately $202,000. Cetera Investment Advisers acquired a new position in Intapp in the 4th quarter valued at approximately $283,000. Finally, Caxton Associates LP acquired a new position in Intapp in the 4th quarter valued at approximately $205,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Intapp Trading Up 2.4%

NASDAQ INTA traded up $1.35 on Friday, hitting $58.28. 876,977 shares of the company were exchanged, compared to its average volume of 646,554. The company has a market cap of $4.72 billion, a PE ratio of -200.96 and a beta of 0.84. Intapp, Inc. has a 12 month low of $31.08 and a 12 month high of $77.74. The stock has a fifty day moving average of $56.01 and a 200-day moving average of $61.91.

Intapp (NASDAQ:INTA - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. The business had revenue of $129.07 million for the quarter, compared to analyst estimates of $128.84 million. Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. Intapp's revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 earnings per share. On average, analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current year.

Insider Buying and Selling

In other Intapp news, insider Thad Jampol sold 5,000 shares of the company's stock in a transaction 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 transaction, the insider now owns 857,250 shares in the company, valued at approximately $48,563,212.50. This represents a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO David H. Morton, Jr. sold 5,445 shares of the company's stock in a transaction 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 transaction, the chief financial officer now owns 38,996 shares in the company, valued at approximately $2,684,094.68. The trade was a 12.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 279,755 shares of company stock valued at $17,372,011 over the last ninety days. 13.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. UBS Group decreased their price target on shares of Intapp from $92.00 to $83.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Piper Sandler reduced their price objective on shares of Intapp from $71.00 to $70.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Truist Financial reduced their price objective on shares of Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Barclays reduced their price objective on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Finally, Citigroup reaffirmed a "neutral" rating on shares of Intapp in a research note on Monday, April 21st. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $66.89.

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.