Jane Street Group LLC Acquires 8,857 Shares of Intapp, Inc. (NASDAQ:INTA)

Jane Street Group LLC increased its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 28.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,380 shares of the company's stock after buying an additional 8,857 shares during the period. Jane Street Group LLC owned about 0.05% of Intapp worth $2,588,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC purchased a new stake in shares of Intapp in the fourth quarter valued at about $25,000. Raleigh Capital Management Inc. acquired a new stake in Intapp during the 4th quarter valued at $25,000. SBI Securities Co. Ltd. purchased a new stake in shares of Intapp in the fourth quarter valued at $32,000. Johnson Financial Group Inc. boosted its stake in shares of Intapp by 273.8% during the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company's stock valued at $53,000 after acquiring an additional 605 shares during the last quarter. Finally, Huntington National Bank increased its position in Intapp by 53.2% during the 4th quarter. Huntington National Bank now owns 1,474 shares of the company's stock worth $94,000 after purchasing an additional 512 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

INTA has been the topic of several analyst reports. Truist Financial decreased their price target 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 cut their price objective on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. UBS Group decreased their target price on shares of Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Piper Sandler cut their price target 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. Finally, Citigroup reissued 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.89.

Intapp Price Performance

Shares of INTA stock traded down $0.83 on Tuesday, hitting $56.45. 49,092 shares of the stock traded hands, compared to its average volume of 644,094. The company has a market capitalization of $4.57 billion, a PE ratio of -194.65 and a beta of 0.84. The company's fifty day moving average is $55.94 and its 200 day moving average is $61.96. Intapp, Inc. has a 1-year low of $31.08 and a 1-year high of $77.74.

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

Insider Activity at Intapp

In other news, insider Thad Jampol sold 5,000 shares of the business'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 directly owns 857,250 shares in the company, valued at $48,563,212.50. The trade was a 0.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John T. Hall sold 8,000 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $57.15, for a total value of $457,200.00. Following the sale, the chief executive officer now owns 5,236,895 shares of the company's stock, valued at approximately $299,288,549.25. This trade represents a 0.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 279,755 shares of company stock valued at $17,372,011 over the last ninety days. 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.