Intapp, Inc. $INTA Shares Sold by Sei Investments Co.

Key Points

• Sei Investments Co. has reduced its holdings in Intapp, Inc. by 14.2%, selling 11,955 shares, and now owns 72,518 shares valued at approximately $4.59 million.
• Intapp's Board of Directors initiated a $150 million share buyback program, allowing the company to buy back up to 5.2% of its stock, a move often signaling that the board considers its shares to be undervalued.
• Analysts have adjusted their price targets on Intapp, with Citigroup lowering its target from $66 to $53, while UBS maintained a buy rating with a target of $72, reflecting mixed sentiments on the stock's performance.

Sei Investments Co. trimmed its holdings in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 14.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,518 shares of the company's stock after selling 11,955 shares during the quarter. Sei Investments Co. owned approximately 0.09% of Intapp worth $4,590,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in INTA. CWM LLC increased its position in shares of Intapp by 27.0% during the first quarter. CWM LLC now owns 1,003 shares of the company's stock worth $59,000 after purchasing an additional 213 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Intapp by 74.2% during the first quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock worth $31,000 after purchasing an additional 224 shares during the period. Menard Financial Group LLC boosted its holdings in shares of Intapp by 12.3% in the 1st quarter. Menard Financial Group LLC now owns 3,798 shares of the company's stock valued at $217,000 after acquiring an additional 415 shares during the last quarter. Xponance Inc. boosted its holdings in Intapp by 11.9% in the first quarter. Xponance Inc. now owns 4,246 shares of the company's stock valued at $248,000 after purchasing an additional 450 shares during the last quarter. Finally, Johnson Financial Group Inc. boosted its stake in shares of Intapp by 273.8% in the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company's stock worth $53,000 after buying an additional 605 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors.

Insider Activity

In other Intapp news, CEO John T. Hall sold 8,000 shares of the business'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 directly owned 5,445,335 shares in the company, valued at $301,018,118.80. The trade was a 0.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David Benjamin Harrison sold 14,275 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $55.01, for a total transaction of $785,267.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,284 shares of company stock worth $3,653,487. Company insiders own 13.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Intapp from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 21st. Stifel Nicolaus lowered their price objective on Intapp from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, July 8th. Barclays boosted their price objective on Intapp from $44.00 to $47.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 13th. Citigroup decreased their target price on Intapp from $66.00 to $53.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 16th. Finally, Piper Sandler raised Intapp to a "neutral" rating and set a $55.00 price target on the stock in a research note on Tuesday, June 24th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $60.63.

Intapp Price Performance

Intapp stock traded down $0.68 during trading on Wednesday, reaching $41.83. 1,264,713 shares of the company were exchanged, compared to its average volume of 1,291,225. The stock's 50 day simple moving average is $45.24 and its two-hundred day simple moving average is $54.51. The company has a market capitalization of $3.39 billion, a P/E ratio of -174.29, a PEG ratio of 13.15 and a beta of 0.73. Intapp, Inc. has a 52-week low of $35.51 and a 52-week high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $135.04 million during the quarter, compared to analysts' expectations of $132.07 million. During the same period in the prior year, the business earned $0.15 EPS. The firm's quarterly revenue 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. As a group, equities analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current year.

Intapp declared that its board has approved a share repurchase plan on Tuesday, August 12th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are usually a sign 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.