Ieq Capital LLC Takes $887,000 Position in Intapp, Inc. $INTA

Key Points

• Ieq Capital LLC purchased 35,195 Intapp shares in the second quarter, worth approximately $887,000. Institutional investors collectively own 89.96% of the company.
• Analyst sentiment remains mixed: Intapp has an overall “Hold” consensus rating and an average price target of $37.86, despite Truist raising its target to $45 and assigning a “Buy” rating.
• Intapp exceeded quarterly expectations, reporting $0.41 in EPS versus the $0.36 estimate and revenue of $152.53 million, up 13% year over year. Shares opened at $43.70, while insiders sold roughly $3.65 million of stock over the past 90 days.

Ieq Capital LLC bought a new stake in Intapp, Inc. (NASDAQ:INTA - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 35,195 shares of the company's stock, valued at approximately $887,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strive Financial Group LLC bought a new stake in Intapp in the 4th quarter valued at $28,000. Allworth Financial LP bought a new position in shares of Intapp during the 2nd quarter worth about $33,000. Harbor Investment Advisory LLC acquired a new stake in shares of Intapp during the 2nd quarter valued at about $36,000. Optiver Holding B.V. increased its stake in Intapp by 2,232.1% in the first quarter. Optiver Holding B.V. now owns 1,819 shares of the company's stock valued at $47,000 after acquiring an additional 1,741 shares during the period. Finally, Federation des caisses Desjardins du Quebec increased its stake in Intapp by 913.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company's stock valued at $48,000 after acquiring an additional 950 shares during the period. 89.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Piper Sandler increased their price target on shares of Intapp from $25.00 to $34.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Intapp in a report on Friday, June 5th. Citigroup upped their price objective on Intapp from $26.00 to $29.00 and gave the company a "neutral" rating in a research note on Thursday, May 7th. Truist Financial raised their target price on Intapp from $35.00 to $45.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. decreased their price target on Intapp from $58.00 to $47.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $37.86.

Intapp Stock Up 8.2%

Shares of INTA stock opened at $43.70 on Friday. The company has a market capitalization of $3.34 billion, a P/E ratio of -84.04, a P/E/G ratio of 15.60 and a beta of 0.42. Intapp, Inc. has a 12-month low of $19.01 and a 12-month high of $47.93. The firm has a 50-day moving average price of $31.68 and a 200 day moving average price of $26.32.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $152.53 million for the quarter, compared to analysts' expectations of $149.75 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The company'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. As a group, research analysts expect that Intapp, Inc. will post 0.07 earnings per share for the current year.

Insider Buying and Selling at Intapp

In other Intapp news, CEO John T. Hall sold 65,802 shares of the business's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $41.20, for a total value of $2,711,042.40. Following the transaction, the chief executive officer owned 5,814,808 shares of the company's stock, valued at approximately $239,570,089.60. The trade was a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director George R. Neble sold 2,624 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $40.00, for a total value of $104,960.00. Following the sale, the director owned 30,465 shares in the company, valued at $1,218,600. The trade was a 7.93% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 94,491 shares of company stock worth $3,650,613 over the last 90 days. Company insiders own 11.21% of the company's stock.

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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