42,242 Shares in Intapp, Inc. $INTA Bought by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC purchased 42,242 shares of Intapp during the second quarter, valued at approximately $1.065 million, giving it a 0.06% stake. Institutional investors collectively own nearly 90% of the company.
• Intapp exceeded quarterly expectations, reporting $0.41 in adjusted earnings per share versus the $0.36 consensus and revenue of $152.53 million, up 13% year over year.
• Analyst sentiment remains mixed: Intapp has a consensus “Hold” rating and an average price target of $37.86, while the stock recently opened at $36.69.

Squarepoint Ops LLC bought a new stake in Intapp, Inc. (NASDAQ:INTA - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 42,242 shares of the company's stock, valued at approximately $1,065,000. Squarepoint Ops LLC owned about 0.06% of Intapp at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Bamco Inc. NY increased its stake 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 worth $152,488,000 after purchasing an additional 447,039 shares during the period. Capital World Investors grew its holdings in Intapp by 3.5% in the 4th quarter. Capital World Investors now owns 2,992,169 shares of the company's stock valued at $137,101,000 after buying an additional 100,000 shares during the last quarter. BlackRock Inc. acquired a new stake in Intapp in the 2nd quarter valued at approximately $133,660,000. Praesidium Investment Management Company LLC increased its position in Intapp by 5.7% in the 4th quarter. Praesidium Investment Management Company LLC now owns 1,841,850 shares of the company's stock worth $84,394,000 after buying an additional 98,767 shares during the period. Finally, Geode Capital Management LLC increased its position in Intapp by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 1,469,208 shares of the company's stock worth $67,328,000 after buying an additional 31,557 shares during the period. Institutional investors and hedge funds own 89.96% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Truist Financial increased their price objective on Intapp from $35.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Piper Sandler upped their target price on shares of Intapp from $25.00 to $34.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Wall Street Zen raised shares of Intapp from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Barclays boosted their price objective on shares of Intapp from $25.00 to $29.00 and gave the stock an "underweight" rating in a report on Wednesday, August 5th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Intapp in a research report on Wednesday, September 2nd. Four research 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's stock. According to data from MarketBeat.com, Intapp presently has a consensus rating of "Hold" and a consensus price target of $37.86.

Intapp Stock Performance

Shares of Intapp stock opened at $36.69 on Friday. The firm has a market cap of $2.81 billion, a P/E ratio of -70.56, a price-to-earnings-growth ratio of 14.29 and a beta of 0.45. The firm's 50-day simple moving average is $36.14 and its 200-day simple moving average is $28.14. Intapp, Inc. has a twelve month low of $19.01 and a twelve month high of $47.93.

Intapp (NASDAQ:INTA - Get Free Report) last released 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 company had revenue of $152.53 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the business earned $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, equities analysts forecast that Intapp, Inc. will post 0.07 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Michele Murgel sold 14,591 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $25.02, for a total transaction of $365,066.82. Following the completion of the sale, the insider owned 233,632 shares in the company, valued at $5,845,472.64. This trade represents a 5.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CMO Dustin Sedgwick sold 1,474 shares of Intapp 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 transaction, the chief marketing officer directly owned 22,112 shares of the company's stock, valued at $911,235.52. This represents a 6.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 100,491 shares of company stock valued at $3,883,173. 11.21% of the stock is owned by company insiders.

About Intapp

Intapp, Inc provides cloud-based software designed for professional and financial services firms. Its platform helps organizations manage client relationships, business development, collaboration, time and expense tracking, billing, compliance, conflicts of interest, and other operational workflows.

The company's products include DealCloud, a relationship intelligence and deal management platform for private capital markets and investment banking firms; Intapp Documents, which supports document and collaboration workflows; Intapp Time and Intapp Bill, which address time capture and billing processes; and solutions for managing conflicts, engagements, terms, and information barriers.

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