Algert Global LLC Has $517,000 Position in Intapp, Inc. $INTA

Key Points

• Algert Global LLC significantly reduced its holdings in Intapp, Inc. by 67.5% in the first quarter, leaving the firm with 8,854 shares valued at approximately $517,000.
• Intapp reported a quarterly earnings per share of $0.27, surpassing estimates and showing an 18.1% year-over-year revenue increase, totaling $135.04 million.
• The Board of Directors authorized a stock buyback plan worth $150 million, indicating confidence in the stock's valuation amid the company's recent performance.

Algert Global LLC lowered its holdings in Intapp, Inc. (NASDAQ:INTA - Free Report) by 67.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,854 shares of the company's stock after selling 18,350 shares during the period. Algert Global LLC's holdings in Intapp were worth $517,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of INTA. Farther Finance Advisors LLC raised its stake in Intapp by 74.2% during the first quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock valued at $31,000 after buying an additional 224 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Intapp by 414.7% during the first quarter. Nisa Investment Advisors LLC now owns 803 shares of the company's stock valued at $47,000 after buying an additional 647 shares in the last quarter. Johnson Financial Group Inc. raised its stake in Intapp by 273.8% during the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company's stock valued at $53,000 after buying an additional 605 shares in the last quarter. CWM LLC raised its stake in Intapp by 27.0% during the first quarter. CWM LLC now owns 1,003 shares of the company's stock valued at $59,000 after buying an additional 213 shares in the last quarter. Finally, CoreCap Advisors LLC acquired a new stake in shares of Intapp during the 4th quarter worth approximately $64,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on INTA shares. Citigroup dropped their price target on Intapp from $66.00 to $53.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 16th. UBS Group dropped their price target on Intapp from $83.00 to $72.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Piper Sandler upgraded Intapp to a "neutral" rating and set a $55.00 price target on the stock in a research report on Tuesday, June 24th. Stifel Nicolaus dropped 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. Finally, Wall Street Zen cut Intapp from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 21st. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $60.63.

Insider Buying and Selling at Intapp

In related news, CFO David H. Morton, Jr. sold 10,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $42.95, for a total transaction of $429,500.00. Following the completion of the sale, the chief financial officer directly owned 36,855 shares in the company, valued at approximately $1,582,922.25. This trade represents a 21.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michele Murgel sold 2,604 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $41.80, for a total value of $108,847.20. Following the sale, the insider owned 221,918 shares of the company's stock, valued at approximately $9,276,172.40. This represents a 1.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,649 shares of company stock valued at $4,224,079 in the last quarter. Corporate insiders own 13.02% of the company's stock.

Intapp Price Performance

Shares of INTA traded down $0.80 during trading hours on Friday, hitting $45.62. 301,498 shares of the company were exchanged, compared to its average volume of 756,702. The firm has a fifty day simple moving average of $44.09 and a 200-day simple moving average of $53.38. The company has a market capitalization of $3.75 billion, a PE ratio of -190.11, a PEG ratio of 20.20 and a beta of 0.73. Intapp, Inc. has a one year low of $35.51 and a one year high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.04. The company had revenue of $135.04 million during the quarter, compared to analyst estimates of $132.07 million. Intapp had a negative return on equity of 0.89% and a negative net margin of 3.61%.The company's revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 earnings per share. Intapp has set its Q1 2026 guidance at 0.180-0.200 EPS. FY 2026 guidance at 1.090-1.130 EPS. Sell-side analysts expect that Intapp, Inc. will post -0.14 EPS for the current year.

Intapp declared that its board has authorized a stock buyback plan on Tuesday, August 12th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 5.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

Intapp Company Profile

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.