George Kaiser Family Foundation Has $5.68 Million Stake in Intapp, Inc. (NASDAQ:INTA)

Key Points

• The George Kaiser Family Foundation reduced its stake in Intapp, Inc. (NASDAQ: INTA) by 18.4%, now holding approximately $5.68 million worth of shares.
• Intapp recently reported $135.04 million in revenue for the quarter, exceeding analysts' estimates, and announced a stock buyback program authorizing $150 million for share repurchases.
• A significant majority, 89.96%, of Intapp's stock is currently owned by institutional investors, indicating strong institutional interest in the company.

George Kaiser Family Foundation cut its position in Intapp, Inc. (NASDAQ:INTA - Free Report) by 18.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 97,225 shares of the company's stock after selling 21,872 shares during the quarter. Intapp makes up approximately 0.8% of George Kaiser Family Foundation's investment portfolio, making the stock its 6th largest holding. George Kaiser Family Foundation owned about 0.12% of Intapp worth $5,676,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in INTA. Farther Finance Advisors LLC raised its holdings in Intapp by 74.2% in the first quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock worth $31,000 after purchasing an additional 224 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Intapp by 414.7% during the first quarter. Nisa Investment Advisors LLC now owns 803 shares of the company's stock worth $47,000 after acquiring an additional 647 shares during the last quarter. Johnson Financial Group Inc. grew its stake in shares of Intapp by 273.8% during the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company's stock worth $53,000 after acquiring an additional 605 shares during the last quarter. CWM LLC grew its stake in shares of Intapp by 27.0% during the first quarter. CWM LLC now owns 1,003 shares of the company's stock worth $59,000 after acquiring an additional 213 shares during the last quarter. Finally, CoreCap Advisors LLC purchased a new stake in shares of Intapp during the fourth quarter worth about $64,000. 89.96% of the stock is currently owned by institutional investors.

Intapp Stock Up 1.6%

Shares of NASDAQ INTA opened at $42.12 on Friday. The business's 50 day moving average price is $46.16 and its 200 day moving average price is $55.01. The firm has a market cap of $3.41 billion, a P/E ratio of -175.50, a P/E/G ratio of 13.03 and a beta of 0.73. Intapp, Inc. has a 52 week low of $35.51 and a 52 week high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.04. The firm had revenue of $135.04 million for the quarter, compared to analyst estimates of $132.07 million. Intapp had a negative return on equity of 0.91% and a negative net margin of 3.61%. Intapp's revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 earnings per share. As a group, research analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current year.

Intapp announced that its board has approved a stock buyback program on Tuesday, August 12th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 5.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other Intapp news, CEO John T. Hall sold 8,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $55.28, for a total value of $442,240.00. Following the sale, the chief executive officer owned 5,445,335 shares in the company, valued at approximately $301,018,118.80. This represents a 0.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David Benjamin Harrison sold 14,275 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $55.01, for a total value of $785,267.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,913 shares of company stock worth $3,974,734. 13.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on INTA. Citigroup dropped their price target on Intapp from $66.00 to $53.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 16th. Piper Sandler upgraded Intapp to a "neutral" rating and set a $55.00 price target on the stock in a research note on Tuesday, June 24th. UBS Group restated a "buy" rating and set a $72.00 price target (down previously from $83.00) on shares of Intapp in a research note on Wednesday. Stifel Nicolaus dropped 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. Finally, Wall Street Zen lowered Intapp from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Intapp has an average rating of "Hold" and an average price target of $60.63.

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.

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