BlackRock Inc. Acquires New Position in Intapp, Inc. $INTA

Key Points

• BlackRock acquired 5.3 million Intapp shares worth approximately $133.7 million, giving it a 6.89% stake. Institutional investors collectively own nearly 90% of the company.
• Intapp exceeded quarterly expectations, reporting $0.41 in adjusted EPS versus $0.36 expected and $152.5 million in revenue, up 13% year over year. The company issued fiscal 2027 EPS guidance of $1.58–$1.62.
• INTA shares opened at $43.47, near their 52-week high, while analyst sentiment remained mixed: the consensus rating was “Hold” with an average price target of $37.86.

BlackRock Inc. acquired a new stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,301,853 shares of the company's stock, valued at approximately $133,660,000. BlackRock Inc. owned approximately 6.89% of Intapp at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Strive Financial Group LLC bought a new position in Intapp in the fourth quarter valued at about $28,000. Federation des caisses Desjardins du Quebec lifted its holdings in shares of Intapp by 913.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company's stock worth $48,000 after acquiring an additional 950 shares during the last quarter. Harbor Investment Advisory LLC acquired a new stake in shares of Intapp in the 2nd quarter valued at approximately $36,000. State of Wyoming grew its holdings in shares of Intapp by 75.7% during the 4th quarter. State of Wyoming now owns 1,597 shares of the company's stock valued at $73,000 after purchasing an additional 688 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Intapp during the 3rd quarter valued at approximately $66,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Intapp Price Performance

Shares of NASDAQ INTA opened at $43.47 on Friday. The company has a 50-day moving average price of $32.11 and a 200-day moving average price of $26.44. The stock has a market capitalization of $3.33 billion, a P/E ratio of -83.60, a P/E/G ratio of 16.87 and a beta of 0.42. Intapp, Inc. has a 1 year low of $19.01 and a 1 year high of $47.93.

Intapp (NASDAQ:INTA - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.05. The company had revenue of $152.53 million for the quarter, compared to analyst estimates of $149.75 million. Intapp had a negative net margin of 7.15% and a negative return on equity of 3.30%. The firm's revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. As a group, equities research analysts anticipate that Intapp, Inc. will post 0.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on INTA. Weiss Ratings reissued a "sell (e+)" rating on shares of Intapp in a research note on Friday, June 5th. Barclays upped their price target on shares of Intapp from $25.00 to $29.00 and gave the stock an "underweight" rating in a report on Wednesday, August 5th. Truist Financial raised their price objective on Intapp from $35.00 to $45.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. reduced their price objective on Intapp from $58.00 to $47.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 6th. Finally, Wall Street Zen raised Intapp from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Intapp has a consensus rating of "Hold" and an average target price of $37.86.

Insider Buying and Selling at Intapp

In other news, CMO Dustin De Forest Sedgwick sold 1,474 shares of the company's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $41.21, for a total value of $60,743.54. Following the completion of the sale, the chief marketing officer owned 22,112 shares in the company, valued at $911,235.52. This represents a 6.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michele Murgel sold 14,591 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $25.02, for a total transaction of $365,066.82. Following the completion of the sale, the insider owned 233,632 shares of the company's stock, valued at approximately $5,845,472.64. This represents a 5.88% 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. In the last quarter, insiders sold 94,491 shares of company stock worth $3,650,613. 11.21% of the stock is currently owned by insiders.

About Intapp

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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