Nuveen LLC Invests $35.12 Million in Intapp, Inc. $INTA

Key Points

• Nuveen LLC has acquired a new stake in Intapp, Inc., purchasing 601,531 shares valued at approximately $35.1 million, representing about 0.74% of the company.
• Intapp announced a $150 million share repurchase plan on August 12th, suggesting the board believes the company's shares are undervalued.
• Following various analyst reports, the consensus rating for Intapp's stock is currently a "Hold" with a price target averaging $60.63.

Nuveen LLC purchased a new position in Intapp, Inc. (NASDAQ:INTA - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 601,531 shares of the company's stock, valued at approximately $35,117,000. Nuveen LLC owned approximately 0.74% of Intapp as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Lord Abbett & CO. LLC bought a new position in Intapp during the fourth quarter valued at about $30,563,000. Capital World Investors boosted its stake in Intapp by 30.3% during the fourth quarter. Capital World Investors now owns 1,701,939 shares of the company's stock valued at $109,077,000 after buying an additional 395,804 shares in the last quarter. Vanguard Group Inc. boosted its stake in Intapp by 4.5% during the first 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 bought a new position in Intapp during the fourth quarter valued at about $12,627,000. Finally, Nuveen Asset Management LLC boosted its stake in Intapp by 43.3% during the fourth quarter. Nuveen Asset Management LLC now owns 628,995 shares of the company's stock valued at $40,312,000 after buying an additional 189,989 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Insider Transactions at Intapp

In related news, CFO David H. Morton, Jr. sold 9,943 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $42.06, for a total value of $418,202.58. Following the completion of the sale, the chief financial officer directly owned 51,623 shares of the company's stock, valued at approximately $2,171,263.38. This represents a 16.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David Benjamin Harrison sold 6,690 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $42.06, for a total value of $281,381.40. Following the completion of the sale, the insider directly owned 12,447 shares of the company's stock, valued at approximately $523,520.82. This represents a 34.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 108,566 shares of company stock worth $5,390,547. 13.02% of the stock is currently owned by company insiders.

Intapp Price Performance

Intapp stock traded up $0.07 during mid-day trading on Thursday, hitting $41.90. The company's stock had a trading volume of 840,101 shares, compared to its average volume of 1,331,699. The firm's 50 day moving average is $44.96 and its 200 day moving average is $54.31. The company has a market cap of $3.39 billion, a PE ratio of -174.58, a price-to-earnings-growth ratio of 12.94 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 announced its quarterly earnings data on Tuesday, August 12th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.04. The firm 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 0.91% and a negative net margin of 3.61%.The business's revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the prior year, the business earned $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 EPS for the current year.

Intapp announced that its board has authorized a share buyback program on Tuesday, August 12th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to repurchase 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 shares are undervalued.

Analysts Set New Price Targets

Several brokerages recently weighed in on INTA. UBS Group decreased their target price on Intapp from $83.00 to $72.00 and set a "buy" rating for the company 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 for the company in a research note on Wednesday, July 16th. Piper Sandler upgraded Intapp to a "neutral" rating and set a $55.00 price target for the company in a research report on Tuesday, June 24th. Stifel Nicolaus decreased their price target on Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, July 8th. Finally, Barclays increased their price target on Intapp from $44.00 to $47.00 and gave the company an "underweight" rating in a research report on Wednesday, August 13th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $60.63.

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.