Jump Financial LLC Invests $756,000 in Intapp, Inc. $INTA

Key Points

• Jump Financial LLC acquired 12,955 shares of Intapp, Inc. for approximately $756,000 in the 1st quarter of the year.
• Intapp's stock price recently opened at $45.99, having experienced a 0.9% decrease, with its market cap totaling $3.78 billion.
• The company reported an earnings per share (EPS) of $0.27, surpassing analysts' expectations, with a revenue growth of 18.1% year-over-year.

Jump Financial LLC purchased a new position in Intapp, Inc. (NASDAQ:INTA - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,955 shares of the company's stock, valued at approximately $756,000.

A number of other hedge funds have also modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Intapp in the first quarter worth approximately $36,000. Hsbc Holdings PLC boosted its position in shares of Intapp by 3.5% during the first quarter. Hsbc Holdings PLC now owns 8,001 shares of the company's stock worth $465,000 after acquiring an additional 272 shares during the last quarter. Versor Investments LP bought a new position in shares of Intapp during the first quarter worth $709,000. Fox Run Management L.L.C. boosted its position in shares of Intapp by 122.1% during the first quarter. Fox Run Management L.L.C. now owns 15,834 shares of the company's stock worth $924,000 after acquiring an additional 8,705 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its position in shares of Intapp by 36.0% during the first quarter. Lord Abbett & CO. LLC now owns 648,347 shares of the company's stock worth $37,851,000 after acquiring an additional 171,478 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO John T. Hall sold 19,515 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $42.94, for a total value of $837,974.10. Following the transaction, the chief executive officer owned 5,598,775 shares of the company's stock, valued at $240,411,398.50. This trade represents a 0.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David Benjamin Harrison sold 6,690 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $42.06, for a total transaction of $281,381.40. Following the transaction, the insider directly owned 12,447 shares in the company, valued at $523,520.82. This trade represents a 34.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 99,649 shares of company stock worth $4,224,079 over the last ninety days. 13.02% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on INTA. Piper Sandler upgraded shares of Intapp to a "neutral" rating and set a $55.00 target price for the company in a research report on Tuesday, June 24th. Barclays upped their target price on shares of Intapp from $44.00 to $47.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 13th. Citigroup dropped their target price on shares of Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a research report on Wednesday, July 16th. Stifel Nicolaus dropped their target price on shares of Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, July 8th. Finally, UBS Group dropped their target price on shares of Intapp from $83.00 to $72.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $60.63.

Intapp Price Performance

Shares of INTA traded down $0.06 during midday trading on Friday, hitting $45.19. The stock had a trading volume of 124,297 shares, compared to its average volume of 752,880. Intapp, Inc. has a 1 year low of $35.51 and a 1 year high of $77.74. The firm has a market cap of $3.71 billion, a PE ratio of -188.28, a price-to-earnings-growth ratio of 18.83 and a beta of 0.74. The stock's 50 day moving average is $43.42 and its 200 day moving average is $52.46.

Intapp (NASDAQ:INTA - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. Intapp had a negative net margin of 3.61% and a negative return on equity of 0.89%. The business had revenue of $135.04 million for the quarter, compared to the consensus estimate of $132.07 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The business's revenue for the quarter was up 18.1% on a year-over-year basis. Intapp has set its Q1 2026 guidance at 0.180-0.200 EPS. FY 2026 guidance at 1.090-1.130 EPS. As a group, equities research analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Intapp announced that its board has authorized a share repurchase plan on Tuesday, August 12th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

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.