6,481 Shares in Intapp, Inc. $INTA Purchased by Bosun Asset Management LLC

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 position in Intapp, Inc. (NASDAQ:INTA - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,481 shares of the company's stock, valued at approximately $378,000.

Several other hedge funds also recently added to or reduced their stakes in INTA. Nuveen LLC purchased a new position in Intapp in the first quarter worth approximately $35,117,000. Vanguard Group Inc. grew its position in Intapp by 4.5% in the first quarter. Vanguard Group Inc. now owns 6,652,139 shares of the company's stock worth $388,352,000 after acquiring an additional 283,923 shares during the period. BNP Paribas Financial Markets acquired a new position in Intapp during the fourth quarter worth $12,627,000. Nuveen Asset Management LLC lifted its stake in Intapp by 43.3% during the fourth quarter. Nuveen Asset Management LLC now owns 628,995 shares of the company's stock worth $40,312,000 after purchasing an additional 189,989 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in Intapp by 199.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 284,801 shares of the company's stock worth $18,253,000 after purchasing an additional 189,836 shares in the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Stifel Nicolaus decreased their price target on Intapp from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, July 8th. Barclays upped their price target on Intapp from $44.00 to $47.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 13th. Piper Sandler upgraded Intapp to a "neutral" rating and set a $55.00 price target on the stock in a research note on Tuesday, June 24th. UBS Group decreased their price target on Intapp from $83.00 to $72.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Finally, Citigroup decreased their price target on Intapp from $66.00 to $53.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 16th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Intapp presently has a consensus rating of "Hold" and an average target price of $60.63.

Insider Activity at Intapp

In other Intapp news, insider David Benjamin Harrison sold 6,690 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $42.06, for a total transaction of $281,381.40. Following the transaction, the insider owned 12,447 shares of the company's stock, valued at approximately $523,520.82. This trade represents a 34.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John T. Hall sold 19,515 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $42.94, for a total value of $837,974.10. Following the transaction, the chief executive officer directly owned 5,598,775 shares in the company, valued at approximately $240,411,398.50. The trade was a 0.35% decrease in their position. 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. Corporate insiders own 13.02% of the company's stock.

Intapp Stock Up 1.4%

Intapp stock traded up $0.64 during midday trading on Monday, reaching $45.34. The company's stock had a trading volume of 432,324 shares, compared to its average volume of 1,313,699. Intapp, Inc. has a fifty-two week low of $35.51 and a fifty-two week high of $77.74. The business has a 50-day simple moving average of $43.29 and a 200-day simple moving average of $52.00.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly 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 return on equity of 0.89% and a negative net margin of 3.61%.The company 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 earnings per share. Intapp'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. On average, sell-side analysts expect that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Intapp declared that its Board of Directors has initiated 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 reacquire up to 5.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is 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.