Virtu Financial LLC Reduces Holdings in Intapp, Inc. (NASDAQ:INTA)

Virtu Financial LLC lowered its holdings in shares of Intapp, Inc. (NASDAQ:INTA) by 55.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,671 shares of the company’s stock after selling 7,066 shares during the period. Virtu Financial LLC’s holdings in Intapp were worth $363,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raleigh Capital Management Inc. acquired a new position in shares of Intapp during the 4th quarter worth approximately $25,000. Global Retirement Partners LLC acquired a new position in shares of Intapp in the fourth quarter worth $25,000. SBI Securities Co. Ltd. acquired a new position in shares of Intapp in the fourth quarter worth $32,000. Quest Partners LLC purchased a new stake in shares of Intapp in the third quarter valued at $54,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Intapp during the third quarter valued at $64,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Insiders Place Their Bets

In related news, CMO Scott Fitzgerald sold 3,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $64.38, for a total transaction of $193,140.00. Following the sale, the chief marketing officer now directly owns 39,212 shares in the company, valued at approximately $2,524,468.56. This trade represents a 7.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO John T. Hall sold 33,227 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $2,287,014.41. Following the completion of the transaction, the chief executive officer now owns 5,258,576 shares of the company’s stock, valued at approximately $361,947,786.08. This represents a 0.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 184,827 shares of company stock worth $11,825,658 over the last ninety days. 13.02% of the stock is owned by company insiders.

Intapp Trading Down 4.1 %

INTA stock opened at $61.54 on Thursday. The company has a market cap of $4.89 billion, a PE ratio of -212.20 and a beta of 0.76. The stock has a 50-day moving average price of $66.67 and a two-hundred day moving average price of $60.12. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $77.74.

Intapp (NASDAQ:INTA) last issued its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. Equities analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Barclays upped their price objective on shares of Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. UBS Group increased their price target on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, Citigroup reaffirmed a “neutral” rating and issued a $78.00 price objective (down previously from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.45.

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.