Bank of New York Mellon Corp Invests $8.48 Million in Intapp, Inc. $INTA

Key Points

• Bank of New York Mellon acquired 336,400 Intapp shares worth approximately $8.48 million, representing a 0.44% stake. Institutional investors collectively own nearly 90% of the company.
• Intapp exceeded quarterly expectations, reporting $0.41 in EPS versus the $0.36 consensus and $152.53 million in revenue, up 13% year over year. The company issued fiscal 2027 EPS guidance of $1.58–$1.62.
• Intapp shares opened at $43.11 after rising 3.9%, but analyst sentiment remains mixed: the stock has a consensus “Hold” rating and an average price target of $37.86. Insiders sold 94,491 shares worth $3.65 million over the past 90 days.

Bank of New York Mellon Corp acquired a new stake in Intapp, Inc. (NASDAQ:INTA - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 336,400 shares of the company's stock, valued at approximately $8,481,000. Bank of New York Mellon Corp owned 0.44% of Intapp as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. AQR Capital Management LLC boosted 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Intapp by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,737 shares of the company's stock valued at $1,853,000 after buying an additional 1,379 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Intapp by 2.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 279,511 shares of the company's stock valued at $16,318,000 after acquiring an additional 6,210 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Intapp by 208.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,848 shares of the company's stock worth $95,000 after acquiring an additional 1,248 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Intapp during the 2nd quarter worth $693,000. Institutional investors own 89.96% of the company's stock.

Insider Buying and Selling at Intapp

In other Intapp news, CFO David H. Morton, Jr. sold 10,000 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $40.88, for a total value of $408,800.00. Following the completion of the sale, the chief financial officer owned 120,074 shares in the company, valued at $4,908,625.12. This represents a 7.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director George R. Neble sold 2,624 shares of Intapp stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $40.00, for a total transaction of $104,960.00. Following the sale, the director directly owned 30,465 shares of the company's stock, valued at $1,218,600. This trade represents a 7.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 94,491 shares of company stock valued at $3,650,613 in the last 90 days. Corporate insiders own 11.21% of the company's stock.

Intapp Trading Up 3.9%

Shares of INTA stock opened at $43.11 on Friday. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of -82.90, a P/E/G ratio of 16.02 and a beta of 0.45. Intapp, Inc. has a 1-year low of $19.01 and a 1-year high of $47.93. The stock's fifty day simple moving average is $33.75 and its 200-day simple moving average is $26.97.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $152.53 million during the quarter, compared to the consensus estimate of $149.75 million. Intapp had a negative return on equity of 3.30% and a negative net margin of 7.15%.The business's revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. On average, sell-side analysts predict that Intapp, Inc. will post 0.07 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on INTA. Barclays lifted their target price on Intapp from $25.00 to $29.00 and gave the stock an "underweight" rating in a report on Wednesday, August 5th. Piper Sandler increased their price target on Intapp from $25.00 to $34.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Weiss Ratings reissued a "sell (e+)" rating on shares of Intapp in a research note on Friday, June 5th. Zacks Research upgraded Intapp from a "strong sell" rating to a "hold" rating in a report on Friday, August 28th. Finally, Truist Financial upped their price objective on shares of Intapp from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $37.86.

Intapp Company 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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