Verition Fund Management LLC Has $641,000 Position in Intapp, Inc. (NASDAQ:INTA)

Verition Fund Management LLC trimmed its stake in Intapp, Inc. (NASDAQ:INTA) by 11.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,400 shares of the company’s stock after selling 1,724 shares during the quarter. Verition Fund Management LLC’s holdings in Intapp were worth $641,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC grew its stake in shares of Intapp by 7.8% in the 3rd 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. Loomis Sayles & Co. L P increased its holdings in shares of Intapp by 29.9% during the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock valued at $71,392,000 after acquiring an additional 343,275 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Intapp by 64.0% during the second quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock worth $28,319,000 after purchasing an additional 301,238 shares during the period. F M Investments LLC bought a new position in shares of Intapp in the 2nd quarter worth $7,006,000. Finally, Dai ichi Life Insurance Company Ltd acquired a new stake in Intapp in the 3rd quarter valued at $7,118,000. 89.96% of the stock is owned by institutional investors.

Intapp Stock Performance

INTA opened at $68.11 on Wednesday. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $69.33. The firm has a 50-day moving average of $55.04 and a 200 day moving average of $44.65. The firm has a market cap of $5.27 billion, a P/E ratio of -234.86 and a beta of 0.74.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The company had revenue of $118.81 million for the quarter, compared to analysts’ expectations of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. Intapp’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.20) EPS. Equities research analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Barclays raised their price objective on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Raymond James lifted their price target on Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Bank of America lowered their price objective on Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. JPMorgan Chase & Co. upped their price target on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday. Finally, UBS Group raised their price objective on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $55.09.

Insider Buying and Selling at Intapp

In related news, CEO John T. Hall sold 61,842 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $59.68, for a total transaction of $3,690,730.56. Following the sale, the chief executive officer now directly owns 5,030,432 shares in the company, valued at approximately $300,216,181.76. The trade was a 1.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thad Jampol sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $45.09, for a total value of $901,800.00. Following the completion of the transaction, the insider now owns 772,412 shares of the company’s stock, valued at approximately $34,828,057.08. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 403,215 shares of company stock valued at $22,106,070 over the last three months. 13.02% of the stock is currently owned by insiders.

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.