Intech Investment Management LLC Buys 4,382 Shares of Intapp, Inc. $INTA

Intech Investment Management LLC lifted its position in Intapp, Inc. (NASDAQ:INTA) by 13.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 36,399 shares of the company’s stock after acquiring an additional 4,382 shares during the quarter. Intech Investment Management LLC’s holdings in Intapp were worth $1,879,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC bought a new position in shares of Intapp during the first quarter valued at about $35,117,000. Vanguard Group Inc. increased its stake in Intapp by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 6,652,139 shares of the company’s stock valued at $388,352,000 after buying an additional 283,923 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of Intapp by 214.2% during the 1st quarter. Voya Investment Management LLC now owns 311,298 shares of the company’s stock worth $18,174,000 after buying an additional 212,211 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Intapp by 391.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 223,635 shares of the company’s stock worth $11,544,000 after buying an additional 178,117 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Intapp by 73.6% in the 1st quarter. Millennium Management LLC now owns 407,561 shares of the company’s stock worth $23,793,000 after buying an additional 172,744 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Insider Activity at Intapp

In other Intapp news, COO Donald F. Coleman sold 1,520 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $45.21, for a total transaction of $68,719.20. Following the sale, the chief operating officer owned 442,061 shares in the company, valued at $19,985,577.81. This represents a 0.34% decrease in their ownership of the stock. 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 firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $43.46, for a total value of $347,680.00. Following the completion of the transaction, the chief executive officer directly owned 5,598,775 shares of the company’s stock, valued at $243,322,761.50. The trade was a 0.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 11.21% of the stock is currently owned by company insiders.

Intapp Stock Performance

Shares of INTA opened at $41.55 on Friday. The business has a 50-day moving average of $40.41 and a 200 day moving average of $45.57. Intapp, Inc. has a fifty-two week low of $35.51 and a fifty-two week high of $77.74. The firm has a market cap of $3.40 billion, a P/E ratio of -115.41, a price-to-earnings-growth ratio of 67.39 and a beta of 0.70.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $139.03 million for the quarter, compared to the consensus estimate of $135.34 million. Intapp had a negative net margin of 5.35% and a negative return on equity of 1.58%. The company’s revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. Intapp has set its FY 2026 guidance at 1.150-1.190 EPS. Q2 2026 guidance at 0.250-0.270 EPS. As a group, research analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Intapp announced that its Board of Directors has initiated a share repurchase program on Tuesday, August 12th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 5.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on INTA. Stifel Nicolaus set a $50.00 price target on Intapp in a report on Wednesday, November 5th. Citigroup decreased their target price on Intapp from $53.00 to $49.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. Piper Sandler set a $42.00 price target on shares of Intapp and gave the stock a “neutral” rating in a report on Monday, October 20th. Barclays reduced their price target on shares of Intapp from $47.00 to $43.00 and set an “underweight” rating for the company in a research report on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intapp in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $54.86.

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.