The Manufacturers Life Insurance Company Takes Position in Intapp, Inc. $INTA

The Manufacturers Life Insurance Company purchased a new position in shares of Intapp, Inc. (NASDAQ:INTA) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 30,840 shares of the company’s stock, valued at approximately $777,000.

Other institutional investors have also recently made changes to their positions in the company. Strive Financial Group LLC acquired a new position in Intapp in the fourth quarter valued at approximately $28,000. Allworth Financial LP acquired a new stake in Intapp during the second quarter worth $33,000. Harbor Investment Advisory LLC purchased a new stake in Intapp in the second quarter valued at $36,000. Optiver Holding B.V. raised its position in Intapp by 2,232.1% in the first quarter. Optiver Holding B.V. now owns 1,819 shares of the company’s stock valued at $47,000 after purchasing an additional 1,741 shares during the period. Finally, Federation des caisses Desjardins du Quebec lifted its stake in shares of Intapp by 913.5% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company’s stock valued at $48,000 after purchasing an additional 950 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Barclays increased their price target on Intapp from $25.00 to $29.00 and gave the stock an “underweight” rating in a report on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Intapp in a research report on Wednesday. Zacks Research raised shares of Intapp from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Piper Sandler increased their target price on shares of Intapp from $25.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, Truist Financial lifted their price target on shares of Intapp from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $37.86.

Insider Activity at Intapp

In other news, CMO Dustin Sedgwick sold 1,474 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $41.21, for a total transaction of $60,743.54. Following the sale, the chief marketing officer owned 22,112 shares of the company’s stock, valued at approximately $911,235.52. This represents a 6.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David H. Morton, Jr. sold 10,000 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $40.88, for a total transaction of $408,800.00. Following the sale, the chief financial officer directly owned 120,074 shares in the company, valued at $4,908,625.12. This represents a 7.69% 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 over the last ninety days. Company insiders own 11.21% of the company’s stock.

Intapp Stock Down 3.2%

NASDAQ:INTA opened at $41.71 on Friday. Intapp, Inc. has a 52 week low of $19.01 and a 52 week high of $47.93. The stock’s fifty day moving average is $34.08 and its two-hundred day moving average is $27.08. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of -80.21, a price-to-earnings-growth ratio of 16.10 and a beta of 0.45.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The business had revenue of $152.53 million during the quarter, compared to analysts’ expectations of $149.75 million. Intapp had a negative return on equity of 3.30% and a negative net margin of 7.15%.The company’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. On average, sell-side analysts expect that Intapp, Inc. will post 0.07 EPS for the current fiscal year.

About Intapp

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.