Park Avenue Securities LLC Purchases New Holdings in Intapp, Inc. $INTA

Key Points

• Park Avenue Securities LLC has acquired a new stake in Intapp, Inc., purchasing 9,668 shares valued at approximately $499,000 during the second quarter.
• Insider trading activity included CEO John T. Hall selling 8,000 shares and insider Michele Murgel selling 2,604 shares, signaling potential shifts in management confidence.
• Intapp's recent earnings report showed a positive 18.1% revenue growth year-over-year and plans for a $150 million share buyback program, indicating management believes the stock is undervalued.

Park Avenue Securities LLC purchased a new stake in Intapp, Inc. (NASDAQ:INTA - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,668 shares of the company's stock, valued at approximately $499,000.

A number of other hedge funds and other institutional investors have also modified their holdings of INTA. CWM LLC lifted its position in Intapp by 27.0% in the 1st quarter. CWM LLC now owns 1,003 shares of the company's stock valued at $59,000 after acquiring an additional 213 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Intapp by 74.2% in the 1st quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock valued at $31,000 after buying an additional 224 shares during the last quarter. Hsbc Holdings PLC increased its stake in Intapp by 3.5% in the 1st quarter. Hsbc Holdings PLC now owns 8,001 shares of the company's stock valued at $465,000 after buying an additional 272 shares during the last quarter. Diversified Trust Co increased its stake in Intapp by 5.5% in the 2nd quarter. Diversified Trust Co now owns 7,798 shares of the company's stock valued at $403,000 after buying an additional 409 shares during the last quarter. Finally, Menard Financial Group LLC increased its stake in Intapp by 12.3% in the 1st quarter. Menard Financial Group LLC now owns 3,798 shares of the company's stock valued at $217,000 after buying an additional 415 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Insider Transactions at Intapp

In other Intapp news, CEO John T. Hall sold 8,000 shares of the business's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $43.46, for a total value of $347,680.00. Following the completion of the sale, the chief executive officer owned 5,598,775 shares of the company's stock, valued at $243,322,761.50. The trade was a 0.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michele Murgel sold 2,604 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $41.80, for a total transaction of $108,847.20. Following the sale, the insider directly owned 221,918 shares of the company's stock, valued at approximately $9,276,172.40. This trade represents a 1.16% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 101,169 shares of company stock worth $4,292,798. Company insiders own 13.02% of the company's stock.

Intapp Stock Down 0.5%

NASDAQ INTA opened at $41.91 on Tuesday. The company has a market capitalization of $3.44 billion, a P/E ratio of -174.63, a P/E/G ratio of 17.94 and a beta of 0.74. Intapp, Inc. has a 12-month low of $35.51 and a 12-month high of $77.74. The firm has a 50-day moving average price of $42.71 and a two-hundred day moving average price of $49.93.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 3.61% and a negative return on equity of 0.89%. The business's revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the previous 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. Equities analysts expect that Intapp, Inc. will post -0.14 EPS for the current year.

Intapp announced that its Board of Directors 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 reacquire up to 5.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

INTA has been the topic of several recent research reports. Stifel Nicolaus lowered their price target on shares of Intapp from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, July 8th. Piper Sandler upgraded shares of Intapp to a "neutral" rating and set a $55.00 price target on the stock in a research note on Tuesday, June 24th. UBS Group lowered their price target on shares of Intapp from $83.00 to $72.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Wall Street Zen upgraded shares of Intapp from a "hold" rating to a "buy" rating in a research note on Sunday, September 14th. Finally, Citigroup lowered their price objective on shares of Intapp from $66.00 to $53.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 16th. Four investment 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 data from MarketBeat.com, the company has an average rating of "Hold" and an average 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.

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