Caxton Associates LLP Takes $327,000 Position 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 bought a new position in Intapp, Inc. (NASDAQ:INTA - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,594 shares of the company's stock, valued at approximately $327,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in Intapp by 2.3% in the first quarter. Goldman Sachs Group Inc. now owns 279,511 shares of the company's stock worth $16,318,000 after purchasing an additional 6,210 shares during the period. Millennium Management LLC lifted its holdings in shares of Intapp by 73.6% during the first quarter. Millennium Management LLC now owns 407,561 shares of the company's stock valued at $23,793,000 after acquiring an additional 172,744 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Intapp by 4.5% during 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 acquiring an additional 1,379 shares during the period. Bosun Asset Management LLC bought a new position in shares of Intapp during the first quarter valued at $378,000. Finally, Alliancebernstein L.P. lifted its holdings in shares of Intapp by 7.7% during the first quarter. Alliancebernstein L.P. now owns 1,782,521 shares of the company's stock valued at $104,064,000 after acquiring an additional 127,655 shares during the period. 89.96% of the stock is owned by institutional investors.

Insider Transactions at Intapp

In related news, insider Michele Murgel sold 2,604 shares of Intapp stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $41.80, for a total value of $108,847.20. Following the completion of the sale, the insider directly owned 221,918 shares in the company, valued at $9,276,172.40. This trade represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David H. Morton, Jr. sold 10,000 shares of Intapp stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $42.95, for a total value of $429,500.00. Following the completion of the sale, the chief financial officer owned 36,855 shares of the company's stock, valued at approximately $1,582,922.25. The trade was a 21.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,169 shares of company stock valued at $4,292,798. 13.02% of the stock is currently owned by insiders.

Intapp Stock Down 0.6%

INTA stock traded down $0.27 during midday trading on Tuesday, reaching $44.59. The stock had a trading volume of 660,665 shares, compared to its average volume of 753,911. The business has a fifty day simple moving average of $42.85 and a two-hundred day simple moving average of $51.14. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of -185.79, a PEG ratio of 19.24 and a beta of 0.74. Intapp, Inc. has a twelve month low of $35.51 and a twelve 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 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. The firm had revenue of $135.04 million during the quarter, compared to analyst estimates of $132.07 million. Intapp had a negative return on equity of 0.89% and a negative net margin of 3.61%.The company's revenue was up 18.1% on a year-over-year basis. During the same period last year, the company earned $0.15 earnings per share. Intapp has set its Q1 2026 guidance at 0.180-0.200 EPS. FY 2026 guidance at 1.090-1.130 EPS. On average, equities analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on INTA. Barclays lifted their price objective on Intapp from $44.00 to $47.00 and gave the company an "underweight" rating in a report on Wednesday, August 13th. Stifel Nicolaus cut their price objective on Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, July 8th. Piper Sandler raised Intapp to a "neutral" rating and set a $55.00 price objective for the company in a report on Tuesday, June 24th. UBS Group lowered their target price on Intapp from $83.00 to $72.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. Finally, Wall Street Zen upgraded Intapp from a "hold" rating to a "buy" rating in a research note on Sunday. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Intapp currently has a consensus rating of "Hold" and a consensus target price of $60.63.

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.