Deutsche Bank AG Makes New $1.69 Million Investment in Intapp, Inc. $INTA

Key Points

• Deutsche Bank acquired 66,945 Intapp shares worth approximately $1.69 million during the second quarter, joining institutional investors that collectively own nearly 90% of the company.
• Analyst sentiment remains mixed: Intapp has a consensus “Hold” rating and an average price target of $37.86, despite target increases from Barclays, Citigroup, and Truist and a recent upgrade to “Buy” from Wall Street Zen.
• Intapp exceeded quarterly expectations, reporting $0.41 EPS and $152.53 million in revenue, with revenue up 13% year over year. However, insiders sold 94,491 shares worth about $3.65 million over the past 90 days.

Deutsche Bank AG acquired a new stake in Intapp, Inc. (NASDAQ:INTA - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 66,945 shares of the company's stock, valued at approximately $1,688,000. Deutsche Bank AG owned about 0.09% of Intapp as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in INTA. Bamco Inc. NY lifted its position in shares of Intapp by 15.5% during the 4th quarter. Bamco Inc. NY now owns 3,327,989 shares of the company's stock worth $152,488,000 after buying an additional 447,039 shares during the last quarter. Capital World Investors grew its position in shares of Intapp by 3.5% in the 4th quarter. Capital World Investors now owns 2,992,169 shares of the company's stock valued at $137,101,000 after buying an additional 100,000 shares during the last quarter. Jennison Associates LLC grew its position in shares of Intapp by 9.7% in the 1st quarter. Jennison Associates LLC now owns 2,008,826 shares of the company's stock valued at $51,607,000 after buying an additional 177,201 shares during the last quarter. Wellington Management Group LLP raised its stake in Intapp by 143.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company's stock worth $77,365,000 after acquiring an additional 1,115,392 shares in the last quarter. Finally, Praesidium Investment Management Company LLC lifted its position in Intapp by 5.7% in the fourth quarter. Praesidium Investment Management Company LLC now owns 1,841,850 shares of the company's stock valued at $84,394,000 after acquiring an additional 98,767 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Analysts Set New Price Targets

INTA has been the subject of several research analyst reports. Barclays upped their price objective on shares of Intapp from $25.00 to $29.00 and gave the company an "underweight" rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. reduced their target price on Intapp from $58.00 to $47.00 and set an "overweight" rating for the company in a report on Wednesday, May 6th. Citigroup upped their target price on Intapp from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday, May 7th. Wall Street Zen upgraded Intapp from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Finally, Truist Financial lifted their price target on Intapp from $35.00 to $45.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Intapp has an average rating of "Hold" and a consensus price target of $37.86.

Insider Buying and Selling

In other news, CMO Dustin De Forest Sedgwick sold 1,474 shares of the business's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $41.21, for a total value of $60,743.54. Following the transaction, the chief marketing officer owned 22,112 shares of the company's stock, valued at approximately $911,235.52. The trade was a 6.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David H. Morton, Jr. sold 10,000 shares of the company's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $40.88, for a total value of $408,800.00. Following the sale, the chief financial officer owned 120,074 shares of the company's stock, valued at $4,908,625.12. This trade represents a 7.69% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 94,491 shares of company stock worth $3,650,613. 11.21% of the stock is currently owned by insiders.

Intapp Stock Performance

NASDAQ INTA opened at $43.47 on Friday. The firm has a market cap of $3.33 billion, a PE ratio of -83.60, a P/E/G ratio of 16.87 and a beta of 0.42. Intapp, Inc. has a one year low of $19.01 and a one year high of $47.93. The firm's fifty day moving average is $32.11 and its two-hundred day moving average is $26.44.

Intapp (NASDAQ:INTA - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.05. Intapp had a negative net margin of 7.15% and a negative return on equity of 3.30%. The business had revenue of $152.53 million during the quarter, compared to the consensus estimate of $149.75 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The business's quarterly revenue was up 13.0% compared to the same quarter last year. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. Research analysts predict that Intapp, Inc. will post 0.07 earnings per share for the current year.

Intapp Company Profile

Intapp, Inc, headquartered in Palo Alto, California, is a leading provider of cloud-based software solutions designed to meet the unique needs of professional services firms, including law firms, accounting practices, and financial institutions. The company's integrated platform connects front-office business development with back-office risk and compliance functions, enabling organizations to streamline workflows, improve collaboration and enhance client service.

Intapp's suite of applications—such as Intake, Conflicts, Risk, Open, Time and Flow—addresses the entire client lifecycle.

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