Magnetar Financial LLC Makes New $936,000 Investment in Intapp, Inc. $INTA

Key Points

• Magnetar Financial LLC acquired 16,036 shares of Intapp, Inc. valued at approximately $936,000 during the first quarter, indicating increased institutional investment in the company.
• Analysts have set varied price targets for Intapp, with Barclays raising their target to $47.00 and Piper Sandler upgrading their rating, while Citigroup and UBS have lowered their targets.
• Intapp has authorized a $150 million stock repurchase program, a move often seen as a sign that the company's management believes its shares are undervalued.

Magnetar Financial LLC bought a new stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,036 shares of the company's stock, valued at approximately $936,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nuveen LLC acquired a new position in Intapp in the 1st quarter valued at approximately $35,117,000. Vanguard Group Inc. raised its stake in shares of Intapp by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 6,652,139 shares of the company's stock valued at $388,352,000 after buying an additional 283,923 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in Intapp in the 4th quarter valued at about $12,627,000. Nuveen Asset Management LLC boosted its stake in shares of Intapp by 43.3% in the 4th quarter. Nuveen Asset Management LLC now owns 628,995 shares of the company's stock valued at $40,312,000 after purchasing an additional 189,989 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in Intapp by 199.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 284,801 shares of the company's stock worth $18,253,000 after buying an additional 189,836 shares during the period. 89.96% of the stock is currently owned by institutional investors.

Intapp Stock Performance

Shares of INTA traded down $0.04 during trading hours on Friday, hitting $45.20. The 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 company's fifty day simple moving average is $43.42 and its 200 day simple moving average is $52.46. The firm has a market cap of $3.71 billion, a P/E ratio of -188.42, a P/E/G ratio of 18.83 and a beta of 0.74.

Intapp (NASDAQ:INTA - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. The company had revenue of $135.04 million during the quarter, compared to the consensus estimate of $132.07 million. Intapp had a negative return on equity of 0.89% and a negative net margin of 3.61%.The company's revenue was up 18.1% on a year-over-year basis. During the same period last year, the firm earned $0.15 earnings per share. 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, sell-side analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Intapp announced that its board has authorized a share buyback program on Tuesday, August 12th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 5.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Insider Activity

In other news, insider Michele Murgel sold 5,425 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $42.06, for a total transaction of $228,175.50. Following the completion of the transaction, the insider owned 224,522 shares of the company's stock, valued at approximately $9,443,395.32. This represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David H. Morton, Jr. sold 10,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $42.95, for a total transaction of $429,500.00. Following the sale, the chief financial officer directly owned 36,855 shares in the company, valued at $1,582,922.25. This trade represents a 21.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,649 shares of company stock worth $4,224,079. Insiders own 13.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on INTA shares. Stifel Nicolaus reduced their target price on shares of Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, July 8th. Citigroup decreased 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. Wall Street Zen downgraded Intapp from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 21st. Barclays lifted their target price on Intapp from $44.00 to $47.00 and gave the company an "underweight" rating in a research note on Wednesday, August 13th. Finally, UBS Group lowered their target price on Intapp from $83.00 to $72.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $60.63.

Intapp 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.