Invesco Ltd. Acquires 120,112 Shares of Intapp, Inc. $INTA

Key Points

• Invesco Ltd. increased its stake in Intapp, Inc. by 6.1% during Q1, owning approximately 2.59% of the company, which equates to shares worth $122.63 million.
• After recent sales, corporate insiders own 13.02% of Intapp's stock, and CEO John T. Hall reduced his ownership by 0.57% following the sale of 31,200 shares.
• Analysts have mixed views, with target prices for Intapp ranging from $47.00 to $72.00, reflecting a shift in sentiment as some downgraded the stock while others maintain buy ratings.

Invesco Ltd. grew its holdings in Intapp, Inc. (NASDAQ:INTA - Free Report) by 6.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,100,618 shares of the company's stock after purchasing an additional 120,112 shares during the period. Invesco Ltd. owned approximately 2.59% of Intapp worth $122,634,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in shares of Intapp by 74.2% during the 1st quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock valued at $31,000 after purchasing an additional 224 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Intapp by 414.7% in 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 last quarter. Johnson Financial Group Inc. lifted its position in shares of Intapp by 273.8% in the 4th quarter. Johnson Financial Group Inc. now owns 826 shares of the company's stock worth $53,000 after purchasing an additional 605 shares during the period. CWM LLC lifted its position in shares of Intapp by 27.0% in the 1st quarter. CWM LLC now owns 1,003 shares of the company's stock worth $59,000 after purchasing an additional 213 shares during the period. Finally, CoreCap Advisors LLC purchased a new stake in shares of Intapp in the 4th quarter worth about $64,000. Institutional investors own 89.96% of the company's stock.

Intapp Stock Down 0.7%

Intapp stock traded down $0.2980 during trading hours on Tuesday, hitting $41.8420. The stock had a trading volume of 144,147 shares, compared to its average volume of 728,538. The stock has a market capitalization of $3.39 billion, a P/E ratio of -174.29, a price-to-earnings-growth ratio of 13.03 and a beta of 0.73. Intapp, Inc. has a 12-month low of $35.51 and a 12-month high of $77.74. The stock's 50-day moving average price is $45.84 and its 200-day moving average price is $54.68.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported $0.27 EPS 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 0.91%. The firm had revenue of $135.04 million during the quarter, compared to analyst estimates of $132.07 million. During the same period in the previous year, the business posted $0.15 earnings per share. The business's revenue for the quarter was up 18.1% on a year-over-year basis. Intapp has set its Q1 2026 guidance at 0.180-0.200 EPS. FY 2026 guidance at 1.090-1.130 EPS. On average, research analysts expect that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wall Street Zen cut shares of Intapp from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 21st. Barclays reissued an "underweight" rating and set a $47.00 price target (up from $44.00) on shares of Intapp in a research report on Wednesday, August 13th. Citigroup lowered their price target on shares of Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a research report on Wednesday, July 16th. Piper Sandler raised shares of Intapp to a "neutral" rating and set a $55.00 price target for the company in a research report on Tuesday, June 24th. Finally, UBS Group reissued a "buy" rating and set a $72.00 price target (down from $83.00) on shares of Intapp in a research report on Wednesday, August 13th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Intapp presently has an average rating of "Hold" and an average target price of $60.63.

Insider Activity at Intapp

In other news, CEO John T. Hall sold 8,000 shares of Intapp stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $55.28, for a total value of $442,240.00. Following the completion of the sale, the chief executive officer directly owned 5,445,335 shares in the company, valued at $301,018,118.80. The trade was a 0.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David H. Morton, Jr. sold 10,000 shares of Intapp stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $55.02, for a total transaction of $550,200.00. Following the completion of the sale, the chief financial officer owned 32,739 shares of the company's stock, valued at $1,801,299.78. This represents a 23.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,913 shares of company stock valued at $3,974,734. Insiders own 13.02% of the company's stock.

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.