Comerica Bank Cuts Stock Holdings in Intapp, Inc. $INTA

Key Points

• Comerica Bank sold 13,503 shares of Intapp, Inc., reducing its stake by 38.8%, with remaining holdings valued at approximately $1.24 million.
• Intapp announced a $150 million stock buyback plan, signaling that its board believes the stock may be undervalued.
• Analysts have mixed ratings on Intapp, with a consensus rating of "Hold" and a target price of $60.63, while the stock opened at $45.24 on Friday.

Comerica Bank lessened its holdings in Intapp, Inc. (NASDAQ:INTA - Free Report) by 38.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,274 shares of the company's stock after selling 13,503 shares during the quarter. Comerica Bank's holdings in Intapp were worth $1,242,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Nuveen LLC bought a new stake in Intapp during the first quarter worth $35,117,000. Vanguard Group Inc. increased its holdings in shares of Intapp by 4.5% in the first quarter. Vanguard Group Inc. now owns 6,652,139 shares of the company's stock valued at $388,352,000 after purchasing an additional 283,923 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Intapp in the fourth quarter valued at about $12,627,000. Nuveen Asset Management LLC grew its stake in shares of Intapp by 43.3% in the fourth quarter. Nuveen Asset Management LLC now owns 628,995 shares of the company's stock valued at $40,312,000 after acquiring an additional 189,989 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Intapp by 199.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 284,801 shares of the company's stock valued at $18,253,000 after acquiring an additional 189,836 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

Intapp Stock Down 1.5%

NASDAQ:INTA traded down $0.69 during trading hours on Wednesday, hitting $44.50. 749,517 shares of the company traded hands, compared to its average volume of 1,155,895. The company has a market cap of $3.65 billion, a PE ratio of -185.42, a PEG ratio of 19.25 and a beta of 0.74. Intapp, Inc. has a one year low of $35.51 and a one year high of $77.74. The firm's 50-day simple moving average is $43.02 and its 200-day simple moving average is $51.76.

Intapp (NASDAQ:INTA - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. The company had revenue of $135.04 million for 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 for the quarter was up 18.1% compared to the same quarter last year. During the same period in the previous 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. As a group, equities research analysts expect that Intapp, Inc. will post -0.14 EPS for the current year.

Intapp declared that its board has authorized a share buyback plan on Tuesday, August 12th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to buy up to 5.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, CMO Scott Fitzgerald sold 2,872 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $42.06, for a total value of $120,796.32. Following the sale, the chief marketing officer directly owned 48,370 shares in the company, valued at approximately $2,034,442.20. The trade was a 5.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO John T. Hall sold 8,000 shares of the business's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $43.46, for a total value of $347,680.00. Following the completion of the sale, the chief executive officer owned 5,598,775 shares in the company, valued at $243,322,761.50. This represents a 0.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 99,649 shares of company stock worth $4,224,079 in the last ninety days. 13.02% of the stock is owned by corporate insiders.

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.