Millennium Management LLC Acquires 172,744 Shares of Intapp, Inc. $INTA

Key Points

• Millennium Management LLC increased its stake in Intapp, Inc. by 73.6% in the first quarter, owning approximately $23.8 million worth of shares by the end of the period.
• Several other institutional investors also raised their holdings in Intapp, with ownership among these groups now reaching 89.96% of the company's stock.
• Intapp recently announced a $150 million share buyback program, indicating that the Board of Directors believes the stock is undervalued.

Millennium Management LLC grew its stake in Intapp, Inc. (NASDAQ:INTA - Free Report) by 73.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 407,561 shares of the company's stock after buying an additional 172,744 shares during the quarter. Millennium Management LLC owned 0.50% of Intapp worth $23,793,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Jane Street Group LLC boosted its position in Intapp by 28.1% during the fourth quarter. Jane Street Group LLC now owns 40,380 shares of the company's stock valued at $2,588,000 after purchasing an additional 8,857 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of Intapp during the fourth quarter worth $283,000. Deutsche Bank AG raised its stake in Intapp by 26.9% in the 4th quarter. Deutsche Bank AG now owns 218,364 shares of the company's stock worth $13,995,000 after purchasing an additional 46,336 shares in the last quarter. Lazard Asset Management LLC raised its stake in Intapp by 42.5% in the fourth quarter. Lazard Asset Management LLC now owns 28,952 shares of the company's stock valued at $1,855,000 after purchasing an additional 8,636 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Intapp by 41.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,358 shares of the company's stock valued at $1,946,000 after purchasing an additional 8,922 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Intapp Price Performance

Shares of INTA traded up $0.68 during trading hours on Wednesday, hitting $45.27. 53,709 shares of the stock were exchanged, compared to its average volume of 749,901. The firm has a market capitalization of $3.72 billion, a P/E ratio of -188.75, a price-to-earnings-growth ratio of 19.11 and a beta of 0.74. The business has a 50-day moving average of $42.79 and a 200-day moving average of $51.09. Intapp, Inc. has a fifty-two week low of $35.51 and a fifty-two week high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $0.27 EPS for the quarter, topping 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 net margin of 3.61% and a negative return on equity of 0.89%. The company's quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the firm posted $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, analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Intapp declared that its board has authorized a share buyback plan on Tuesday, August 12th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

INTA has been the subject of several research analyst reports. 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. Wall Street Zen upgraded shares of Intapp from a "hold" rating to a "buy" rating in a research report on Sunday. Stifel Nicolaus lowered their price target on shares of Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, July 8th. Barclays upped their price target on shares of Intapp from $44.00 to $47.00 and gave the stock an "underweight" rating in a report on Wednesday, August 13th. Finally, Citigroup lowered their target price on Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a report on Wednesday, July 16th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $60.63.

Insider Transactions at Intapp

In other news, CEO John T. Hall sold 8,000 shares of Intapp stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $43.46, for a total transaction of $347,680.00. Following the completion of the transaction, the chief executive officer directly owned 5,598,775 shares in the company, valued at $243,322,761.50. This trade represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Donald F. Coleman sold 1,520 shares of Intapp stock in a transaction on Friday, September 12th. The stock was sold at an average price of $45.21, for a total transaction of $68,719.20. Following the transaction, the chief operating officer directly owned 442,061 shares in the company, valued at $19,985,577.81. This represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 101,169 shares of company stock valued at $4,292,798. Company insiders own 13.02% of the company's stock.

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.