Bosun Asset Management LLC Acquires Shares of 6,481 Intapp, Inc. $INTA

Key Points

• Bosun Asset Management LLC has acquired a new stake in Intapp, Inc. (NASDAQ: INTA), purchasing 6,481 shares valued at approximately $378,000 during the first quarter.
• Intapp reported a revenue increase of 18.1% year-over-year, with quarterly earnings of $0.27 per share, exceeding analysts' expectations.
• The company has initiated a $150 million share repurchase plan, indicating confidence in its stock valuation amidst current market conditions.

Bosun Asset Management LLC acquired a new stake in Intapp, Inc. (NASDAQ:INTA - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 6,481 shares of the company's stock, valued at approximately $378,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of Intapp by 74.2% in the 1st quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock worth $31,000 after purchasing an additional 224 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Intapp in the 1st quarter worth $36,000. Quarry LP boosted its stake 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 buying an additional 647 shares during the last quarter. Nisa Investment Advisors LLC lifted its position 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 purchasing an additional 647 shares during the last quarter. Finally, CWM LLC grew its holdings in Intapp by 27.0% during the 1st quarter. CWM LLC now owns 1,003 shares of the company's stock valued at $59,000 after purchasing an additional 213 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO David H. Morton, Jr. sold 10,000 shares of the business's 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 owned 36,855 shares in the company, valued at $1,582,922.25. The trade was a 21.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David Benjamin Harrison sold 6,690 shares of the business's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $42.06, for a total value of $281,381.40. Following the completion of 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. In the last 90 days, insiders have sold 99,649 shares of company stock valued at $4,224,079. 13.02% of the stock is currently owned by company insiders.

Intapp Stock Performance

Shares of NASDAQ:INTA traded down $1.09 during trading on Wednesday, reaching $44.10. 101,268 shares of the stock were exchanged, compared to its average volume of 747,112. The firm's 50-day moving average price is $43.09 and its 200 day moving average price is $51.81. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of -183.35, a price-to-earnings-growth ratio of 19.32 and a beta of 0.74. Intapp, Inc. has a 12-month low of $35.51 and a 12-month high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $135.04 million during the quarter, compared to the consensus estimate of $132.07 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The company's revenue for the quarter 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. As a group, equities research analysts forecast that Intapp, Inc. will post -0.14 EPS for the current year.

Intapp declared that its board has authorized a stock repurchase program on Tuesday, August 12th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 5.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

INTA has been the subject of several recent research reports. UBS Group reduced their price target on shares of Intapp from $83.00 to $72.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. Stifel Nicolaus cut their price target on shares of Intapp from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, July 8th. Wall Street Zen lowered shares of Intapp from a "buy" rating to a "hold" rating in a research note on Saturday. Barclays upped their price target on shares of Intapp from $44.00 to $47.00 and gave the company an "underweight" rating in a research report on Wednesday, August 13th. Finally, Citigroup reduced their price target on shares of Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a research report on Wednesday, July 16th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Intapp presently has a consensus rating of "Hold" and a consensus price target of $60.63.

Intapp 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.