Algert Global LLC Buys Shares of 63,820 Intapp, Inc. $INTA

Key Points

• Algert Global LLC purchased 63,820 Intapp shares worth approximately $1.61 million, while other institutions also initiated positions; institutional investors now own 89.96% of the company.
• Analyst sentiment remains mixed: Intapp has an average “Hold” rating and a $37.86 target price, despite Truist raising its target to $45 and assigning a “Buy” rating.
• Intapp exceeded quarterly expectations with $0.41 in EPS and $152.53 million in revenue, up 13% year over year. However, insiders sold 94,491 shares worth $3.65 million over the past 90 days, and the stock opened at $43.47.

Algert Global LLC bought a new position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 63,820 shares of the company's stock, valued at approximately $1,609,000. Algert Global LLC owned about 0.08% of Intapp at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of INTA. Commerce Bank purchased a new position in shares of Intapp during the second quarter valued at approximately $297,000. George Kaiser Family Foundation acquired a new position in Intapp in the second quarter valued at $2,898,000. Ieq Capital LLC acquired a new stake in shares of Intapp in the second quarter worth approximately $887,000. Allworth Financial LP purchased a new position in Intapp during the second quarter worth approximately $33,000. Finally, Virtus Advisers LLC acquired a new position in shares of Intapp in the 2nd quarter valued at $236,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on INTA. Truist Financial upped their price target on Intapp from $35.00 to $45.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Piper Sandler increased their target price on shares of Intapp from $25.00 to $34.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Barclays raised their price target on shares of Intapp from $25.00 to $29.00 and gave the company an "underweight" rating in a report on Wednesday, August 5th. Wall Street Zen raised shares of Intapp from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Finally, Zacks Research downgraded Intapp from a "hold" rating to a "strong sell" rating in a report on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $37.86.

Intapp Price Performance

INTA stock opened at $43.47 on Friday. Intapp, Inc. has a 1-year low of $19.01 and a 1-year high of $47.93. The firm has a fifty day moving average price of $32.11 and a two-hundred day moving average price of $26.44. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of -83.60, a PEG ratio of 16.78 and a beta of 0.42.

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, 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 for the quarter, compared to analyst estimates of $149.75 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. Intapp's quarterly revenue was up 13.0% on a year-over-year basis. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. As a group, analysts expect that Intapp, Inc. will post 0.07 EPS for the current fiscal year.

Insider Transactions at Intapp

In other Intapp news, CEO John T. Hall sold 65,802 shares of the company's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $41.20, for a total value of $2,711,042.40. Following the completion of the sale, the chief executive officer directly owned 5,814,808 shares in the company, valued at $239,570,089.60. This represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CMO Dustin De Forest Sedgwick sold 1,474 shares of Intapp stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $41.21, for a total value of $60,743.54. Following the transaction, the chief marketing officer directly owned 22,112 shares in the company, valued at approximately $911,235.52. The trade was a 6.25% 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. Insiders sold a total of 94,491 shares of company stock worth $3,650,613 over the last 90 days. Corporate insiders own 11.21% of the company's stock.

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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