Lord Abbett & CO. LLC Grows Stake in Intapp, Inc. $INTA

Key Points

• Lord Abbett & CO. LLC increased its holdings in Intapp, Inc. by 36%, acquiring 171,478 additional shares, bringing their total to approximately 648,347 shares valued at $37.85 million.
• Insider activity shows that executives sold 71,913 shares of company stock worth approximately $3.97 million during the last quarter, indicating a 23.40% decrease in the CFO's position.
• Intapp's board initiated a $150 million share buyback program, signaling a belief that the company's shares are currently undervalued.

Lord Abbett & CO. LLC grew its position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 36.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 648,347 shares of the company's stock after purchasing an additional 171,478 shares during the period. Lord Abbett & CO. LLC owned approximately 0.80% of Intapp worth $37,851,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Jefferies Financial Group Inc. bought a new position in Intapp during the first quarter valued at approximately $924,000. Thoroughbred Financial Services LLC boosted its position in shares of Intapp by 128.0% during the 1st quarter. Thoroughbred Financial Services LLC now owns 13,768 shares of the company's stock valued at $803,000 after acquiring an additional 7,729 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Intapp by 79.4% in the fourth quarter. Wells Fargo & Company MN now owns 30,607 shares of the company's stock valued at $1,962,000 after purchasing an additional 13,543 shares in the last quarter. Rhumbline Advisers increased its position in Intapp by 7.2% in the first quarter. Rhumbline Advisers now owns 78,398 shares of the company's stock worth $4,577,000 after purchasing an additional 5,257 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Intapp by 61.9% in the first quarter. Bank of New York Mellon Corp now owns 264,088 shares of the company's stock worth $15,417,000 after purchasing an additional 101,004 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Piper Sandler upgraded shares of Intapp to a "neutral" rating and set a $55.00 price objective for the company in a research report on Tuesday, June 24th. Barclays increased their price target on shares of Intapp from $44.00 to $47.00 and gave the company an "underweight" rating in a report on Wednesday, August 13th. UBS Group reduced their price objective on Intapp from $83.00 to $72.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Wall Street Zen downgraded Intapp from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 21st. Finally, Stifel Nicolaus dropped their target price on Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, July 8th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $60.63.

Insiders Place Their Bets

In related news, CEO John T. Hall sold 8,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $55.28, for a total value of $442,240.00. Following the transaction, the chief executive officer owned 5,445,335 shares of the company's stock, valued at $301,018,118.80. This trade represents a 0.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Donald F. Coleman sold 2,809 shares of Intapp stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $56.77, for a total transaction of $159,466.93. Following the sale, the chief operating officer owned 435,076 shares of the company's stock, valued at $24,699,264.52. The trade was a 0.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,284 shares of company stock valued at $3,653,487 in the last three months. 13.02% of the stock is owned by company insiders.

Intapp Price Performance

Shares of INTA traded down $0.68 during mid-day trading on Wednesday, reaching $41.83. 1,264,713 shares of the company's stock traded hands, compared to its average volume of 1,291,225. The stock's 50-day moving average is $45.24 and its two-hundred day moving average is $54.51. Intapp, Inc. has a 12 month low of $35.51 and a 12 month high of $77.74. The stock has a market cap of $3.39 billion, a P/E ratio of -174.29, a P/E/G ratio of 13.15 and a beta of 0.73.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings results 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. Intapp had a negative return on equity of 0.91% and a negative net margin of 3.61%.The firm had revenue of $135.04 million during the quarter, compared to analyst estimates of $132.07 million. During the same period last year, the company earned $0.15 EPS. Intapp's quarterly 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. Research analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current year.

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

About Intapp

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.