Harbor Capital Advisors Inc. Purchases Shares of 48,234 Intapp, Inc. $INTA

Key Points

• Harbor Capital Advisors Inc. acquired 48,234 shares of Intapp, Inc. valued at approximately $2.49 million, increasing its stake to about 0.06% of the company.
• Insider transactions revealed that individuals sold a total of 101,169 shares worth $4.29 million over the last quarter, reducing their ownership in the company.
• Intapp reported a quarterly revenue of $135.04 million, surpassing analyst estimates and seeing an 18.1% year-over-year increase, with earnings per share at $0.27 against an expected $0.23.

Harbor Capital Advisors Inc. purchased a new position in Intapp, Inc. (NASDAQ:INTA - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 48,234 shares of the company's stock, valued at approximately $2,490,000. Harbor Capital Advisors Inc. owned approximately 0.06% of Intapp as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in shares of Intapp by 74.2% during the 1st quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock worth $31,000 after purchasing an additional 224 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Intapp during the 1st quarter worth approximately $36,000. Quarry LP raised its position in shares of Intapp by 1,155.4% during the 1st quarter. Quarry LP now owns 703 shares of the company's stock worth $41,000 after purchasing an additional 647 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Intapp by 414.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 803 shares of the company's stock worth $47,000 after purchasing an additional 647 shares during the period. Finally, CWM LLC boosted its position 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 buying an additional 213 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Intapp Stock Performance

Shares of NASDAQ INTA traded down $0.79 during mid-day trading on Friday, reaching $44.54. The company had a trading volume of 889,514 shares, compared to its average volume of 816,231. Intapp, Inc. has a twelve month low of $35.51 and a twelve month high of $77.74. The stock has a market capitalization of $3.66 billion, a PE ratio of -185.58, a price-to-earnings-growth ratio of 18.98 and a beta of 0.74. The stock's 50 day moving average is $42.72 and its 200-day moving average is $50.70.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. The firm had revenue of $135.04 million during the quarter, compared to analysts' expectations of $132.07 million. Intapp had a negative net margin of 3.61% and a negative return on equity of 0.89%. Intapp's revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 earnings per share. Intapp has set its Q1 2026 guidance at 0.180-0.200 EPS. FY 2026 guidance at 1.090-1.130 EPS. On average, sell-side analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current year.

Intapp announced that its board has initiated a share buyback plan on Tuesday, August 12th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to purchase up to 5.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Transactions at Intapp

In related news, insider Michele Murgel sold 2,604 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $41.80, for a total value of $108,847.20. Following the completion of the sale, the insider directly owned 221,918 shares in the company, valued at approximately $9,276,172.40. This represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Donald F. Coleman sold 1,520 shares of the company's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $45.21, for a total transaction of $68,719.20. Following the completion of the sale, the chief operating officer owned 442,061 shares of the company's stock, valued at $19,985,577.81. This represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,169 shares of company stock valued at $4,292,798 in the last three months. 13.02% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Piper Sandler upgraded Intapp to a "neutral" rating and set a $55.00 price objective for the company in a research report on Tuesday, June 24th. Wall Street Zen raised Intapp from a "hold" rating to a "buy" rating in a report on Sunday, September 14th. UBS Group dropped their target price on Intapp from $83.00 to $72.00 and set a "buy" rating on the stock in a report on Wednesday, August 13th. Citigroup dropped their target price on Intapp from $66.00 to $53.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. Finally, Stifel Nicolaus dropped their target price on Intapp from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, July 8th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $60.63.

Intapp 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.