Panagora Asset Management Inc. Increases Stake in Intapp, Inc. $INTA

Key Points

• Panagora Asset Management Inc. increased its stake in Intapp, Inc. by 94.1% in Q1, owning approximately $11.11 million worth of shares by the end of the quarter.
• Intapp's recent earnings reported $0.27 EPS, surpassing analysts' estimates, with an 18.1% year-over-year revenue growth to $135.04 million.
• The company announced a stock buyback program of up to $150 million, indicating management's belief that the stock is undervalued.

Panagora Asset Management Inc. boosted its holdings in Intapp, Inc. (NASDAQ:INTA - Free Report) by 94.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 190,360 shares of the company's stock after buying an additional 92,285 shares during the quarter. Panagora Asset Management Inc. owned 0.24% of Intapp worth $11,113,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Magnetar Financial LLC purchased a new stake in shares of Intapp during the 1st quarter valued at about $936,000. Trexquant Investment LP increased its position in shares of Intapp by 12.3% during the 1st quarter. Trexquant Investment LP now owns 138,235 shares of the company's stock valued at $8,070,000 after purchasing an additional 15,195 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Intapp during the 1st quarter valued at about $857,000. Virtus Advisers LLC purchased a new stake in shares of Intapp during the 1st quarter valued at about $521,000. Finally, Freedom Investment Management Inc. purchased a new stake in shares of Intapp during the 1st quarter valued at about $223,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Intapp Trading Down 1.2%

Shares of Intapp stock traded down $0.54 during trading on Friday, hitting $44.70. 493,879 shares of the stock traded hands, compared to its average volume of 1,371,264. The firm has a market cap of $3.67 billion, a P/E ratio of -186.25, a price-to-earnings-growth ratio of 19.28 and a beta of 0.74. Intapp, Inc. has a 52-week low of $35.51 and a 52-week high of $77.74. The stock's fifty day simple moving average is $43.29 and its 200 day simple moving average is $52.27.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.04. The company had revenue of $135.04 million for 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 firm's revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter last year, the company 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, equities analysts expect that Intapp, Inc. will post -0.14 EPS for the current year.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on INTA. Citigroup reduced their target price on shares of Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a report on Wednesday, July 16th. Barclays increased their target price on Intapp from $44.00 to $47.00 and gave the company an "underweight" rating in a research report on Wednesday, August 13th. UBS Group decreased their price target on Intapp from $83.00 to $72.00 and set a "buy" rating on the stock in a report on Wednesday, August 13th. Piper Sandler upgraded Intapp to a "neutral" rating and set a $55.00 price target on the stock in a report on Tuesday, June 24th. Finally, Wall Street Zen lowered Intapp from a "buy" rating to a "hold" rating in a research note on Saturday. 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $60.63.

Insider Activity

In related news, insider Michele Murgel sold 2,604 shares of Intapp stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $41.80, for a total transaction of $108,847.20. Following the completion of the sale, the insider owned 221,918 shares of the company's stock, valued at $9,276,172.40. The trade was a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David H. Morton, Jr. sold 10,000 shares of Intapp stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $42.95, for a total value of $429,500.00. Following the sale, the chief financial officer directly owned 36,855 shares of the company's stock, valued at $1,582,922.25. This trade represents a 21.34% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,649 shares of company stock valued at $4,224,079. 13.02% of the stock is owned by insiders.

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.