Caxton Associates LLP Purchases New Stake in Intapp, Inc. $INTA

Key Points

• Caxton Associates LLP has acquired a new position in Intapp, Inc., purchasing 5,594 shares valued at approximately $327,000 during the first quarter.
• Intapp's quarterly earnings report showed $135.04 million in revenue, exceeding expectations, and an EPS of $0.27, which surpassed the consensus estimate by $0.04.
• The company announced a $150 million share repurchase program, indicating the board's belief that the stock may be undervalued.

Caxton Associates LLP acquired a new stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,594 shares of the company's stock, valued at approximately $327,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC increased its stake in shares of Intapp by 74.2% during the 1st quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock valued at $31,000 after acquiring an additional 224 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Intapp during the 1st quarter worth about $36,000. Quarry LP grew its holdings in shares of Intapp by 1,155.4% during the 1st quarter. Quarry LP now owns 703 shares of the company's stock worth $41,000 after purchasing an additional 647 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Intapp by 414.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 803 shares of the company's stock worth $47,000 after purchasing an additional 647 shares during the period. Finally, CWM LLC grew its holdings in shares of Intapp by 27.0% during the 1st quarter. CWM LLC now owns 1,003 shares of the company's stock worth $59,000 after purchasing an additional 213 shares during the period. Institutional investors and hedge funds own 89.96% of the company's stock.

Intapp Stock Up 0.9%

Shares of Intapp stock traded up $0.41 on Thursday, hitting $45.33. 398,644 shares of the company's stock traded hands, compared to its average volume of 838,310. The stock has a market cap of $3.72 billion, a P/E ratio of -188.88, a PEG ratio of 19.14 and a beta of 0.74. The firm's 50-day moving average is $42.72 and its 200 day moving average is $50.93. Intapp, Inc. has a 52-week low of $35.51 and a 52-week high of $77.74.

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

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on INTA. Citigroup decreased their target price on Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a report on Wednesday, July 16th. Wall Street Zen upgraded Intapp from a "hold" rating to a "buy" rating in a report on Sunday. Piper Sandler upgraded Intapp to a "neutral" rating and set a $55.00 target price for the company in a report on Tuesday, June 24th. UBS Group decreased their target price on Intapp from $83.00 to $72.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. Finally, Stifel Nicolaus decreased their price target on Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, July 8th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $60.63.

Insider Activity at Intapp

In other news, insider Michele Murgel sold 5,425 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $42.06, for a total transaction of $228,175.50. Following the completion of the transaction, the insider directly owned 224,522 shares in the company, valued at approximately $9,443,395.32. This represents a 2.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Thad Jampol sold 6,184 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $42.06, for a total value of $260,099.04. Following the transaction, the insider owned 882,402 shares of the company's stock, valued at approximately $37,113,828.12. This trade represents a 0.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 101,169 shares of company stock worth $4,292,798. 13.02% of the stock is currently owned by insiders.

Intapp Company 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.