Fuller & Thaler Asset Management Inc. Sells 228,312 Shares of Intapp, Inc. $INTA

Key Points

• Fuller & Thaler Asset Management Inc. reduced its stake in Intapp, Inc. by 19.1% during the first quarter, owning approximately 1.20% of the company valued at $56.58 million after selling 228,312 shares.
• Intapp announced a $150 million stock buyback plan, which typically indicates the board's belief that the stock is undervalued, after reporting an 18.1% increase in revenue year-over-year.
• The stock currently has an average rating of "Hold" among analysts, with a consensus price target of $60.63, despite various rating changes from different research analysts.

Fuller & Thaler Asset Management Inc. reduced its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 19.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 969,174 shares of the company's stock after selling 228,312 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 1.20% of Intapp worth $56,580,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in INTA. Wells Fargo & Company MN raised its holdings in shares of Intapp by 79.4% during the 4th quarter. Wells Fargo & Company MN now owns 30,607 shares of the company's stock valued at $1,962,000 after purchasing an additional 13,543 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Intapp by 47.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 46,616 shares of the company's stock worth $2,988,000 after buying an additional 15,079 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Intapp by 33,057.7% in the fourth quarter. Russell Investments Group Ltd. now owns 8,621 shares of the company's stock worth $560,000 after buying an additional 8,595 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Intapp by 10.4% during the 4th quarter. Legal & General Group Plc now owns 60,920 shares of the company's stock worth $3,904,000 after acquiring an additional 5,752 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its holdings in shares of Intapp by 40.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,579 shares of the company's stock valued at $358,000 after acquiring an additional 1,604 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

Insider Buying and Selling at Intapp

In other Intapp news, CEO John T. Hall sold 13,977 shares of Intapp stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $42.06, for a total transaction of $587,872.62. Following the sale, the chief executive officer owned 5,624,993 shares in the company, valued at $236,587,205.58. The trade was a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David H. Morton, Jr. sold 9,943 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $42.06, for a total transaction of $418,202.58. Following the completion of the sale, the chief financial officer directly owned 51,623 shares in the company, valued at $2,171,263.38. This trade represents a 16.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 53,091 shares of company stock valued at $2,338,767 in the last quarter. 13.02% of the stock is currently owned by corporate insiders.

Intapp Stock Performance

Shares of NASDAQ:INTA traded up $0.92 on Friday, hitting $42.82. 821,004 shares of the company were exchanged, compared to its average volume of 1,335,127. The company's 50 day moving average price is $44.75 and its two-hundred day moving average price is $54.10. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of -178.42, a PEG ratio of 12.96 and a beta of 0.73. Intapp, Inc. has a one year low of $35.51 and a one year high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $135.04 million during the quarter, compared to analysts' expectations of $132.07 million. During the same quarter last year, the company earned $0.15 earnings per share. The firm's revenue was up 18.1% on a year-over-year basis. 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 earnings per share for the current year.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Stifel Nicolaus reduced their target price on Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, July 8th. Wall Street Zen downgraded shares of Intapp from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 21st. Citigroup lowered their target price 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. Barclays boosted their target price on shares of Intapp from $44.00 to $47.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 13th. Finally, Piper Sandler raised Intapp to a "neutral" rating and set a $55.00 price target on the stock in a research report on Tuesday, June 24th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target 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.