52,175 Shares in Intapp, Inc. $INTA Acquired by Legal & General Group Plc

Legal & General Group Plc bought a new stake in Intapp, Inc. (NASDAQ:INTA - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 52,175 shares of the company's stock, valued at approximately $1,315,000. Legal & General Group Plc owned approximately 0.07% of Intapp as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Strive Financial Group LLC purchased a new stake in shares of Intapp during the 4th quarter valued at $28,000. Allworth Financial LP acquired a new position in Intapp during the 2nd quarter valued at about $33,000. Harbor Investment Advisory LLC acquired a new position in Intapp during the 2nd quarter valued at about $36,000. Optiver Holding B.V. raised its stake 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 buying an additional 1,741 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec raised its stake in Intapp by 913.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company's stock valued at $48,000 after buying an additional 950 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Intapp Stock Performance

Shares of NASDAQ:INTA opened at $41.71 on Monday. Intapp, Inc. has a twelve month low of $19.01 and a twelve month high of $47.93. The company has a market cap of $3.19 billion, a PE ratio of -80.21, a price-to-earnings-growth ratio of 16.10 and a beta of 0.45. The company's 50 day moving average is $34.08 and its 200 day moving average is $27.10.

Intapp (NASDAQ:INTA - Get Free Report) last issued its earnings results 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 net margin of 7.15% and a negative return on equity of 3.30%. The firm had revenue of $152.53 million during the quarter, compared to analysts' expectations of $149.75 million. During the same quarter last year, the company posted $0.27 earnings per share. The firm's 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. Equities research analysts predict that Intapp, Inc. will post 0.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director George Neble sold 2,624 shares of the business's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $40.00, for a total value of $104,960.00. Following the completion of the transaction, the director owned 30,465 shares of the company's stock, valued at $1,218,600. The trade was a 7.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Morton, Jr. sold 10,000 shares of the firm's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $40.88, for a total value of $408,800.00. Following the sale, the chief financial officer directly owned 120,074 shares in the company, valued at approximately $4,908,625.12. This trade represents a 7.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 94,491 shares of company stock worth $3,650,613. 11.21% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

INTA has been the topic of a number of research analyst reports. Weiss Ratings restated a "sell (e+)" rating on shares of Intapp in a research note on Wednesday. Barclays increased their price objective on shares of Intapp from $25.00 to $29.00 and gave the company an "underweight" rating in a research report on Wednesday, August 5th. Zacks Research upgraded shares of Intapp from a "strong sell" rating to a "hold" rating in a research note on Friday, August 28th. Wall Street Zen raised shares of Intapp from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Finally, Piper Sandler upped their price target 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. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Intapp has a consensus rating of "Hold" and a consensus target price of $37.86.

Intapp Profile

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.

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