Dark Forest Capital Management LP Invests $3.79 Million in Intapp, Inc. $INTA

Key Points

• Dark Forest Capital Management LP bought 64,849 shares of Intapp, Inc. worth approximately $3,786,000, representing 0.08% ownership after the transaction.
• Insider sales include Michele Murgel and CMO Scott Fitzgerald, who sold shares totaling over $229,000, indicating a 1.16% and 5.60% decrease in their respective ownerships.
• Analysts have mixed ratings on Intapp with a consensus rating of "Hold" and a price target of $60.63, while Barclays recently raised their price target from $44 to $47.

Dark Forest Capital Management LP bought a new position in Intapp, Inc. (NASDAQ:INTA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 64,849 shares of the company's stock, valued at approximately $3,786,000. Dark Forest Capital Management LP owned 0.08% of Intapp as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in INTA. Farther Finance Advisors LLC lifted its position in 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 buying an additional 224 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Intapp in the 1st quarter worth approximately $36,000. Quarry LP lifted its position in 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% in the 1st quarter. Nisa Investment Advisors LLC now owns 803 shares of the company's stock worth $47,000 after buying an additional 647 shares during the last quarter. Finally, CoreCap Advisors LLC bought a new stake in Intapp in the 4th quarter worth approximately $64,000. Institutional investors own 89.96% of the company's stock.

Insiders Place Their Bets

In related news, insider Michele Murgel sold 5,425 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $42.06, for a total transaction of $228,175.50. Following the completion of the sale, the insider directly owned 224,522 shares in the company, valued at approximately $9,443,395.32. This trade represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David Benjamin Harrison sold 6,690 shares of the firm's 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 $281,381.40. Following the completion of the transaction, the insider directly owned 12,447 shares of the company's stock, valued at $523,520.82. This represents a 34.96% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,649 shares of company stock valued at $4,224,079. 13.02% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

INTA has been the topic of a number of analyst reports. Barclays lifted 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. 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. Piper Sandler raised Intapp to a "neutral" rating and set a $55.00 target price on the stock in a research note on Tuesday, June 24th. Wall Street Zen cut Intapp from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, UBS Group reduced their target price on Intapp from $83.00 to $72.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $60.63.

Intapp Stock Up 0.1%

Shares of NASDAQ INTA traded up $0.05 during trading on Monday, hitting $44.75. 114,764 shares of the company traded hands, compared to its average volume of 751,229. Intapp, Inc. has a 1 year low of $35.51 and a 1 year high of $77.74. The company has a 50-day moving average price of $43.29 and a 200-day moving average price of $52.00. The firm has a market capitalization of $3.67 billion, a P/E ratio of -186.13, a P/E/G ratio of 19.05 and a beta of 0.74.

Intapp (NASDAQ:INTA - Get Free Report) last issued 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. Intapp had a negative net margin of 3.61% and a negative return on equity of 0.89%. The firm had revenue of $135.04 million for the quarter, compared to analyst estimates of $132.07 million. During the same quarter in the previous year, the business posted $0.15 EPS. The firm's revenue 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. Research analysts predict that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Intapp announced that its Board of Directors has authorized a share repurchase plan on Tuesday, August 12th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to buy up to 5.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

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.