489,657 Shares of Intapp, Inc. $INTA Acquired by Bank of America Corp DE

Key Points

• Bank of America acquired 489,657 Intapp shares worth approximately $12.3 million, giving it a 0.64% stake. Institutional investors and hedge funds collectively own nearly 90% of Intapp.
• Analyst sentiment is mixed but includes several recent upgrades and price-target increases; the consensus rating remains “Hold” with an average target of $37.86.
• Intapp exceeded quarterly earnings and revenue estimates, reporting $0.41 EPS and $152.5 million in revenue, while revenue rose 13% year over year. The stock opened at $36.10, down 2%, and insiders have sold about $3.6 million in shares over the past 90 days.

Bank of America Corp DE purchased a new position in Intapp, Inc. (NASDAQ:INTA - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 489,657 shares of the company's stock, valued at approximately $12,344,000. Bank of America Corp DE owned approximately 0.64% of Intapp as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of INTA. BlackRock Inc. acquired a new position in Intapp in the second quarter worth $133,660,000. Bamco Inc. NY lifted its holdings in 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 acquiring an additional 447,039 shares during the last quarter. Capital World Investors lifted its holdings in Intapp by 3.5% in the fourth quarter. Capital World Investors now owns 2,992,169 shares of the company's stock worth $137,101,000 after acquiring an additional 100,000 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Intapp by 9.7% during the first quarter. Jennison Associates LLC now owns 2,008,826 shares of the company's stock valued at $51,607,000 after purchasing an additional 177,201 shares during the last quarter. Finally, Praesidium Investment Management Company LLC grew its holdings in shares of Intapp by 5.7% during the fourth quarter. Praesidium Investment Management Company LLC now owns 1,841,850 shares of the company's stock valued at $84,394,000 after purchasing an additional 98,767 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on INTA shares. Zacks Research raised Intapp from a "strong sell" rating to a "hold" rating in a report on Friday, August 28th. Barclays increased their target price on Intapp from $25.00 to $29.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded Intapp from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Truist Financial upped their price target on shares of Intapp from $35.00 to $45.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Finally, UBS Group upped their price target on shares of Intapp from $40.00 to $46.00 and gave the stock a "buy" rating in a research report on Monday, September 21st. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $37.86.

Insider Transactions at Intapp

In related news, CMO Dustin Sedgwick sold 1,474 shares of the firm's stock in a transaction that occurred on 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 owned 22,112 shares of the company's stock, valued at approximately $911,235.52. This trade represents a 6.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director George R. Neble sold 2,624 shares of Intapp stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $40.00, for a total transaction of $104,960.00. Following the completion of the sale, the director owned 30,465 shares of the company's stock, valued at $1,218,600. This trade represents a 7.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 88,900 shares of company stock worth $3,628,326. 11.21% of the stock is owned by corporate insiders.

Intapp Stock Down 2.0%

Intapp stock opened at $36.10 on Friday. The company's fifty day simple moving average is $37.08 and its 200-day simple moving average is $28.54. Intapp, Inc. has a 12 month low of $19.01 and a 12 month high of $47.93. The stock has a market cap of $2.76 billion, a P/E ratio of -69.42, a P/E/G ratio of 14.22 and a beta of 0.45.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.05. Intapp had a negative return on equity of 3.30% and a negative net margin of 7.15%.The business had revenue of $152.53 million during the quarter, compared to analyst estimates of $149.75 million. During the same period last year, the company earned $0.27 earnings per share. Intapp's quarterly revenue was up 13.0% compared to the same quarter last year. 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 research analysts expect that Intapp, Inc. will post 0.07 earnings per share for the current fiscal year.

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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