Canada Pension Plan Investment Board Makes New Investment in Intapp, Inc. $INTA

Canada Pension Plan Investment Board purchased a new position in shares of Intapp, Inc. (NASDAQ:INTA) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 20,400 shares of the company’s stock, valued at approximately $514,000.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Intapp in the 2nd quarter worth approximately $133,660,000. Bamco Inc. NY raised its position in shares of Intapp by 15.5% in the fourth quarter. Bamco Inc. NY now owns 3,327,989 shares of the company’s stock valued at $152,488,000 after purchasing an additional 447,039 shares during the period. Capital World Investors raised its position in shares of Intapp by 3.5% in the fourth quarter. Capital World Investors now owns 2,992,169 shares of the company’s stock valued at $137,101,000 after purchasing an additional 100,000 shares during the period. Jennison Associates LLC lifted its stake in shares of Intapp by 9.7% in the first quarter. Jennison Associates LLC now owns 2,008,826 shares of the company’s stock worth $51,607,000 after buying an additional 177,201 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Intapp by 143.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company’s stock worth $77,365,000 after buying an additional 1,115,392 shares during the period. 89.96% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Intapp news, CEO John T. Hall sold 65,802 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $41.20, for a total transaction of $2,711,042.40. Following the completion of the transaction, the chief executive officer directly owned 5,814,808 shares in the company, valued at $239,570,089.60. This represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michele Murgel sold 14,591 shares of the stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $25.02, for a total transaction of $365,066.82. Following the sale, the insider owned 233,632 shares of the company’s stock, valued at $5,845,472.64. This trade represents a 5.88% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 94,491 shares of company stock worth $3,650,613 in the last 90 days. 11.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

INTA has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Intapp in a report on Friday, June 5th. Barclays raised their price target on Intapp from $25.00 to $29.00 and gave the company an “underweight” rating in a research report on Wednesday, August 5th. Truist Financial lifted their price objective on Intapp from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Citigroup boosted their price objective on Intapp from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Piper Sandler increased their target price on Intapp from $25.00 to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $37.86.

Intapp Stock Performance

Shares of INTA opened at $41.49 on Thursday. The company has a 50-day simple moving average of $33.32 and a 200-day simple moving average of $26.83. Intapp, Inc. has a 52 week low of $19.01 and a 52 week high of $47.93. The firm has a market capitalization of $3.17 billion, a P/E ratio of -79.79, a P/E/G ratio of 16.30 and a beta of 0.45.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, August 4th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. Intapp had a negative return on equity of 3.30% and a negative net margin of 7.15%.The business had revenue of $152.53 million for the quarter, compared to the consensus estimate of $149.75 million. During the same period last year, the business earned $0.27 earnings per share. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. As a group, equities analysts forecast that Intapp, Inc. will post 0.07 earnings per share for the current year.

Intapp Profile

Intapp, Inc, headquartered in Palo Alto, California, is a leading provider of cloud-based software solutions designed to meet the unique needs of professional services firms, including law firms, accounting practices, and financial institutions. The company’s integrated platform connects front-office business development with back-office risk and compliance functions, enabling organizations to streamline workflows, improve collaboration and enhance client service.

Intapp’s suite of applications—such as Intake, Conflicts, Risk, Open, Time and Flow—addresses the entire client lifecycle.