Strs Ohio Buys New Shares in Intapp, Inc. $INTA

Key Points

• Strs Ohio purchased 17,400 shares of Intapp, Inc. (NASDAQ: INTA) valued at approximately $1,016,000 as disclosed in its latest SEC filing.
• Intapp reported a quarterly earnings per share of $0.27, surpassing analysts' expectations of $0.23 and showing a revenue increase of 18.1% year-over-year.
• The company authorized a $150 million stock repurchase program, indicating a belief by its board that the stock may be undervalued.

Strs Ohio acquired a new position in Intapp, Inc. (NASDAQ:INTA - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 17,400 shares of the company's stock, valued at approximately $1,016,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of 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 in the last quarter. Invesco Ltd. lifted its position in shares of Intapp by 6.1% during the 1st quarter. Invesco Ltd. now owns 2,100,618 shares of the company's stock worth $122,634,000 after buying an additional 120,112 shares during the period. Alliancebernstein L.P. boosted its stake in Intapp by 7.7% in the 1st quarter. Alliancebernstein L.P. now owns 1,782,521 shares of the company's stock valued at $104,064,000 after buying an additional 127,655 shares in the last quarter. Jennison Associates LLC grew its position in Intapp by 0.9% in the first quarter. Jennison Associates LLC now owns 1,550,010 shares of the company's stock valued at $90,490,000 after acquiring an additional 13,577 shares during the period. Finally, Lord Abbett & CO. LLC raised its stake in 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 in the last quarter. 89.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO John T. Hall sold 19,515 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $42.94, for a total value of $837,974.10. Following the sale, the chief executive officer directly owned 5,598,775 shares in the company, valued at $240,411,398.50. The trade was a 0.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thad Jampol sold 6,184 shares of Intapp stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $42.06, for a total value of $260,099.04. Following the completion of the sale, the insider directly owned 882,402 shares in the company, valued at approximately $37,113,828.12. This represents a 0.70% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,169 shares of company stock valued at $4,292,798. 13.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on INTA shares. Piper Sandler raised shares of Intapp to a "neutral" rating and set a $55.00 price target for the company in a report on Tuesday, June 24th. Stifel Nicolaus decreased their price target on Intapp from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, July 8th. UBS Group cut their price objective on Intapp from $83.00 to $72.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Wall Street Zen upgraded Intapp from a "hold" rating to a "buy" rating in a report on Sunday, September 14th. Finally, Barclays raised their price objective on shares of Intapp from $44.00 to $47.00 and gave the company an "underweight" rating in a research report on Wednesday, August 13th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $60.63.

Intapp Price Performance

Shares of Intapp stock traded up $0.35 during trading on Monday, hitting $44.89. 394,282 shares of the company were exchanged, compared to its average volume of 819,655. The firm's fifty day moving average price is $42.75 and its 200 day moving average price is $50.51. Intapp, Inc. has a 1-year low of $35.51 and a 1-year high of $77.74. The firm has a market capitalization of $3.69 billion, a P/E ratio of -187.04, a price-to-earnings-growth ratio of 18.98 and a beta of 0.74.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $135.04 million for the quarter, compared to analysts' expectations of $132.07 million. During the same period last year, the firm posted $0.15 earnings per share. The business's quarterly revenue was up 18.1% compared to the same quarter last year. 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 anticipate that Intapp, Inc. will post -0.14 earnings per share for the current year.

Intapp announced that its Board of Directors has approved a share buyback program on Tuesday, August 12th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 5.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

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.