Alliancebernstein L.P. Boosts Stake in Intapp, Inc. $INTA

Key Points

• Alliancebernstein L.P. increased its stake in Intapp, Inc. by 7.7%, owning approximately 2.20% of the company, valued at $104 million after purchasing an additional 127,655 shares.
• Intapp's stock has seen recent price target adjustments, with Citigroup lowering it from $66.00 to $53.00, while UBS Group cut their price objective from $83.00 to $72.00, indicating mixed analyst sentiment.
• The company reported a positive earnings surprise for the last quarter, with $135.04 million in revenue and an EPS of $0.27, exceeding analyst expectations.

Alliancebernstein L.P. boosted its position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 7.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,782,521 shares of the company's stock after purchasing an additional 127,655 shares during the quarter. Alliancebernstein L.P. owned approximately 2.20% of Intapp worth $104,064,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in shares of Intapp by 74.2% in the first quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock worth $31,000 after acquiring an additional 224 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Intapp during the first quarter worth about $36,000. Quarry LP increased its stake in Intapp by 1,155.4% during the first quarter. Quarry LP now owns 703 shares of the company's stock worth $41,000 after acquiring an additional 647 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Intapp by 414.7% during the first quarter. Nisa Investment Advisors LLC now owns 803 shares of the company's stock worth $47,000 after acquiring an additional 647 shares during the last quarter. Finally, CWM LLC increased its stake in Intapp by 27.0% during the first quarter. CWM LLC now owns 1,003 shares of the company's stock worth $59,000 after acquiring an additional 213 shares during the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on INTA. Citigroup dropped their price target on Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a research note on Wednesday, July 16th. Wall Street Zen downgraded Intapp from a "buy" rating to a "hold" rating in a research report on Saturday. Piper Sandler raised Intapp to a "neutral" rating and set a $55.00 price target for the company in a report on Tuesday, June 24th. Barclays increased their price target on Intapp from $44.00 to $47.00 and gave the company an "underweight" rating in a report on Wednesday, August 13th. Finally, UBS Group cut their price objective on Intapp from $83.00 to $72.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $60.63.

Intapp Price Performance

INTA opened at $44.70 on Friday. Intapp, Inc. has a 12 month low of $35.51 and a 12 month high of $77.74. The stock has a market cap of $3.67 billion, a P/E ratio of -186.25, a P/E/G ratio of 19.28 and a beta of 0.74. The stock's 50 day moving average price is $43.29 and its 200 day moving average price is $52.27.

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

Intapp announced that its board has authorized a stock repurchase program on Tuesday, August 12th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to repurchase up to 5.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Insider Activity

In other Intapp 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 transaction, the chief financial officer directly owned 36,855 shares of the company's stock, valued at approximately $1,582,922.25. This trade represents a 21.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David Benjamin Harrison sold 6,690 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $42.06, for a total value of $281,381.40. Following the transaction, the insider directly owned 12,447 shares of the company's stock, valued at approximately $523,520.82. The trade was a 34.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 99,649 shares of company stock worth $4,224,079 in the last quarter. 13.02% of the stock is currently owned by corporate insiders.

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.

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