Alliancebernstein L.P. Buys 127,655 Shares of 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. lifted its position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 7.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,782,521 shares of the company's stock after purchasing an additional 127,655 shares during the quarter. Alliancebernstein L.P. owned 2.20% of Intapp worth $104,064,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. AQR Capital Management LLC raised its holdings in Intapp by 60.9% during the first quarter. AQR Capital Management LLC now owns 30,969 shares of the company's stock worth $1,808,000 after buying an additional 11,719 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in shares of Intapp during the first quarter worth about $3,786,000. Quarry LP raised its holdings in shares of Intapp by 1,155.4% in the 1st 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. Panagora Asset Management Inc. lifted its position in Intapp by 94.1% in the 1st quarter. Panagora Asset Management Inc. now owns 190,360 shares of the company's stock valued at $11,113,000 after acquiring an additional 92,285 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new position in Intapp during the 1st quarter valued at about $936,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Insiders Place Their Bets

In other 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 owned 36,855 shares in the company, valued at approximately $1,582,922.25. This represents a 21.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thad Jampol sold 2,968 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $41.80, for a total value of $124,062.40. Following the completion of the sale, the insider owned 879,434 shares in the company, valued at $36,760,341.20. This represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,649 shares of company stock valued at $4,224,079. Company insiders own 13.02% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on INTA shares. Stifel Nicolaus lowered their price objective on Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, July 8th. Citigroup cut their price objective on shares of Intapp from $66.00 to $53.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. Barclays increased their target price on shares of Intapp from $44.00 to $47.00 and gave the company an "underweight" rating in a report on Wednesday, August 13th. Piper Sandler upgraded shares of Intapp to a "neutral" rating and set a $55.00 price target on the stock in a report on Tuesday, June 24th. Finally, Wall Street Zen lowered shares of Intapp from a "buy" rating to a "hold" rating in a research note on Saturday, September 6th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $60.63.

Intapp Stock Up 2.0%

NASDAQ INTA traded up $0.90 during trading hours on Thursday, reaching $45.40. 556,580 shares of the company were exchanged, compared to its average volume of 937,189. The stock has a market capitalization of $3.73 billion, a P/E ratio of -189.17, a P/E/G ratio of 18.96 and a beta of 0.74. Intapp, Inc. has a 1 year low of $35.51 and a 1 year high of $77.74. The business's 50 day simple moving average is $42.97 and its 200-day simple moving average is $51.62.

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

Intapp declared that its board has approved a stock buyback program on Tuesday, August 12th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to purchase up to 5.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

About Intapp

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.