Palogic Value Management L.P. Acquires New Shares in Intapp, Inc. $INTA

Key Points

• Palogic Value Management acquired 25,033 Intapp shares worth approximately $631,000 in the second quarter. Institutional investors collectively own about 89.96% of the company.
• Intapp exceeded quarterly expectations, reporting adjusted EPS of $0.41 versus the $0.36 consensus estimate and revenue of $152.53 million, up 13% year over year.
• Shares opened at $40.40, while analysts maintain a consensus “Hold” rating with an average price target of $37.86; insiders have sold roughly $3.65 million in stock over the past 90 days.

Palogic Value Management L.P. bought a new position in Intapp, Inc. (NASDAQ:INTA - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 25,033 shares of the company's stock, valued at approximately $631,000.

Several other hedge funds have also recently modified their holdings of INTA. Bamco Inc. NY purchased a new stake in shares of Intapp during the second quarter valued at $50,184,000. Bank of America Corp DE purchased a new position in Intapp in the 2nd quarter worth about $12,344,000. Praesidium Investment Management Company LLC purchased a new position in Intapp in the 2nd quarter worth about $19,761,311,000. Man Group plc bought a new position in Intapp during the 2nd quarter valued at about $4,062,000. Finally, Jupiter Topco LLC bought a new position in Intapp during the 2nd quarter valued at about $571,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Insider Buying and Selling at Intapp

In other news, Director George R. Neble sold 2,624 shares of the business's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $40.00, for a total transaction of $104,960.00. Following the completion of the sale, the director owned 30,465 shares of the company's stock, valued at $1,218,600. The trade was a 7.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David H. Morton, Jr. sold 10,000 shares of the company's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $40.88, for a total value of $408,800.00. Following the completion of the sale, the chief financial officer owned 120,074 shares of the company's stock, valued at $4,908,625.12. This trade represents a 7.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 94,491 shares of company stock worth $3,650,613. Insiders own 11.21% of the company's stock.

Intapp Stock Down 0.8%

NASDAQ INTA opened at $40.40 on Thursday. The company has a 50-day moving average price of $31.25 and a 200-day moving average price of $26.18. Intapp, Inc. has a 52 week low of $19.01 and a 52 week high of $47.93. The firm has a market capitalization of $3.09 billion, a P/E ratio of -77.69, a PEG ratio of 15.72 and a beta of 0.42.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.05. Intapp had a negative net margin of 7.15% and a negative return on equity of 3.30%. The company had revenue of $152.53 million for the quarter, compared to the consensus estimate of $149.75 million. During the same quarter last year, the firm posted $0.27 earnings per share. The firm's revenue was up 13.0% compared to the same quarter last year. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. As a group, equities research analysts anticipate that Intapp, Inc. will post 0.07 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on INTA shares. Barclays lifted their price target on shares of Intapp from $25.00 to $29.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 5th. Citigroup raised their target price on shares of Intapp from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Thursday, May 7th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Intapp in a research report on Friday, June 5th. Piper Sandler boosted their target price on shares of Intapp from $25.00 to $34.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen raised Intapp from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Intapp currently has a consensus rating of "Hold" and an average price target of $37.86.

Intapp Profile

Intapp, Inc, headquartered in Palo Alto, California, is a leading provider of cloud-based software solutions designed to meet the unique needs of professional services firms, including law firms, accounting practices, and financial institutions. The company's integrated platform connects front-office business development with back-office risk and compliance functions, enabling organizations to streamline workflows, improve collaboration and enhance client service.

Intapp's suite of applications—such as Intake, Conflicts, Risk, Open, Time and Flow—addresses the entire client lifecycle.

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