HighTower Advisors LLC Sells 16,153 Shares of Intapp, Inc. $INTA

Key Points

• HighTower Advisors LLC has significantly reduced its stake in Intapp, Inc. by 53.9%, now holding 13,808 shares valued at $806,000.
• Intapp recently reported a $0.27 earnings per share, surpassing analysts' estimates of $0.23, with a year-over-year revenue increase of 18.1%.
• The company's Board of Directors has authorized a stock repurchase plan allowing the repurchase of up to $150 million in outstanding shares, indicating potential management belief in the stock's undervaluation.

HighTower Advisors LLC decreased its holdings in Intapp, Inc. (NASDAQ:INTA - Free Report) by 53.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,808 shares of the company's stock after selling 16,153 shares during the quarter. HighTower Advisors LLC's holdings in Intapp were worth $806,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Nuveen LLC bought a new stake in shares of Intapp in the first quarter worth $35,117,000. Invesco Ltd. grew its stake in shares of Intapp by 6.1% in the first quarter. Invesco Ltd. now owns 2,100,618 shares of the company's stock worth $122,634,000 after purchasing an additional 120,112 shares during the last quarter. Townsquare Capital LLC bought a new stake in shares of Intapp in the first quarter worth $1,035,000. Rezny Wealth Management Inc. bought a new stake in shares of Intapp in the first quarter worth $1,413,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Intapp by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 455,085 shares of the company's stock worth $26,568,000 after purchasing an additional 6,419 shares during the last quarter. Institutional investors own 89.96% of the company's stock.

Intapp Price Performance

Shares of INTA stock traded down $0.43 on Monday, reaching $45.99. 621,585 shares of the company were exchanged, compared to its average volume of 1,445,029. Intapp, Inc. has a one year low of $35.51 and a one year high of $77.74. The company has a market cap of $3.78 billion, a price-to-earnings ratio of -191.63, a PEG ratio of 19.60 and a beta of 0.74. The company has a 50-day moving average of $43.96 and a 200-day moving average of $52.95.

Intapp (NASDAQ:INTA - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported $0.27 earnings per share 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 company had revenue of $135.04 million for the quarter, compared to analyst estimates of $132.07 million. During the same quarter in the prior 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. As a group, sell-side analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

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

Analysts Set New Price Targets

INTA has been the topic of a number of research analyst reports. Citigroup cut their price target on shares of Intapp from $66.00 to $53.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 16th. UBS Group cut their price target on shares of Intapp from $83.00 to $72.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Barclays upped their price target on shares of Intapp from $44.00 to $47.00 and gave the company an "underweight" rating in a research report on Wednesday, August 13th. Stifel Nicolaus cut their price target on shares of Intapp from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, July 8th. Finally, Wall Street Zen cut shares of Intapp from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 21st. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $60.63.

Insider Transactions at Intapp

In other Intapp news, CMO Scott Fitzgerald sold 2,872 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $42.06, for a total value of $120,796.32. Following the completion of the sale, the chief marketing officer owned 48,370 shares in the company, valued at approximately $2,034,442.20. This trade represents a 5.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO David H. Morton, Jr. sold 10,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $42.95, for a total transaction of $429,500.00. Following the completion of the sale, the chief financial officer owned 36,855 shares of the company's stock, valued at approximately $1,582,922.25. This trade represents a 21.34% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,649 shares of company stock worth $4,224,079. Company insiders own 13.02% of the company's stock.

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.