Trexquant Investment LP Acquires 15,195 Shares of Intapp, Inc. $INTA

Key Points

• Trexquant Investment LP increased its stake in Intapp, Inc. by 12.3% during the first quarter, owning approximately 0.17% of the company worth $8.07 million after purchasing additional shares.
• CEO John T. Hall sold 19,515 shares of Intapp, reducing his ownership by 0.35%, while insider trading over the last quarter totaled $4.2 million in stock sales.
• Intapp reported a quarterly revenue of $135.04 million, up 18.1% year-over-year, and topped earnings estimates, reflecting strong financial performance.

Trexquant Investment LP boosted its holdings in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 12.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,235 shares of the company's stock after purchasing an additional 15,195 shares during the period. Trexquant Investment LP owned approximately 0.17% of Intapp worth $8,070,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. Farther Finance Advisors LLC lifted its stake in Intapp by 74.2% in the first quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock valued at $31,000 after acquiring an additional 224 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Intapp in the first quarter worth about $36,000. Nisa Investment Advisors LLC raised its stake in 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 acquiring an additional 647 shares during the period. CWM LLC increased its position in Intapp by 27.0% in the first quarter. CWM LLC now owns 1,003 shares of the company's stock worth $59,000 after purchasing an additional 213 shares during the last quarter. Finally, CoreCap Advisors LLC purchased a new stake in shares of Intapp during the fourth quarter valued at about $64,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intapp

In other Intapp news, CFO David H. Morton, Jr. sold 10,000 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $42.95, for a total value of $429,500.00. Following the sale, the chief financial officer owned 36,855 shares of the company's stock, valued at $1,582,922.25. This trade represents a 21.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michele Murgel sold 5,425 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $42.06, for a total value of $228,175.50. Following the completion of the transaction, the insider owned 224,522 shares of the company's stock, valued at $9,443,395.32. This represents a 2.36% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,649 shares of company stock worth $4,224,079. Company insiders own 13.02% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on INTA. Piper Sandler upgraded shares of Intapp to a "neutral" rating and set a $55.00 target price for the company in a research note on Tuesday, June 24th. Wall Street Zen downgraded Intapp from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 21st. Citigroup cut 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. Stifel Nicolaus dropped their price target on Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, July 8th. Finally, Barclays boosted their price objective on Intapp from $44.00 to $47.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 13th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Intapp currently has an average rating of "Hold" and a consensus price target of $60.63.

Intapp Stock Down 0.0%

Shares of INTA stock traded down $0.02 during mid-day trading on Friday, reaching $45.22. The company's stock had a trading volume of 152,722 shares, compared to its average volume of 753,071. Intapp, Inc. has a 12-month low of $35.51 and a 12-month high of $77.74. The firm has a market capitalization of $3.71 billion, a PE ratio of -188.42, a price-to-earnings-growth ratio of 18.83 and a beta of 0.74. The company's 50 day simple moving average is $43.42 and its 200-day simple moving average is $52.46.

Intapp (NASDAQ:INTA - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported $0.27 EPS for the quarter, beating the consensus estimate 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%. The business's quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 EPS. 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, research analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Intapp announced that its Board of Directors has initiated a share buyback program on Tuesday, August 12th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 5.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

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.