Praesidium Investment Management Company LLC Sells 440,471 Shares of Intapp, Inc. $INTA

Key Points

• Praesidium Investment Management reduced its stake in Intapp, Inc. by 24.5%, selling 440,471 shares, and now holds 1,356,920 shares, representing 14.8% of its investment portfolio.
• Intapp reported better-than-expected earnings with $0.27 EPS, exceeding the consensus estimate of $0.23, alongside an 18.1% year-over-year revenue increase.
• The company initiated a $150 million stock buyback program, indicating that the board believes the stock is undervalued, as they are authorized to repurchase up to 5.2% of outstanding shares.

Praesidium Investment Management Company LLC decreased its position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 24.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,356,920 shares of the company's stock after selling 440,471 shares during the period. Intapp accounts for 14.8% of Praesidium Investment Management Company LLC's investment portfolio, making the stock its biggest holding. Praesidium Investment Management Company LLC owned approximately 1.68% of Intapp worth $79,217,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INTA. Vanguard Group Inc. raised its position in shares of 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 during the last quarter. Invesco Ltd. raised its position in shares of Intapp by 6.1% during the first quarter. Invesco Ltd. now owns 2,100,618 shares of the company's stock valued at $122,634,000 after buying an additional 120,112 shares during the last quarter. Jennison Associates LLC raised its position in shares of Intapp by 0.9% during the first quarter. Jennison Associates LLC now owns 1,550,010 shares of the company's stock valued at $90,490,000 after buying an additional 13,577 shares during the last quarter. Lord Abbett & CO. LLC raised its position in shares of Intapp by 36.0% during the first quarter. Lord Abbett & CO. LLC now owns 648,347 shares of the company's stock valued at $37,851,000 after buying an additional 171,478 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Insider Buying and Selling at Intapp

In other news, CMO Scott Fitzgerald sold 2,872 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $42.06, for a total transaction of $120,796.32. Following the sale, the chief marketing officer directly owned 48,370 shares of the company's stock, valued at $2,034,442.20. This represents a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John T. Hall sold 8,000 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $43.46, for a total transaction of $347,680.00. Following the sale, 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 disclosure for this sale can be found here. Insiders sold 99,649 shares of company stock valued at $4,224,079 over the last three months. Insiders own 13.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Barclays upped their price objective on shares of Intapp from $44.00 to $47.00 and gave the company an "underweight" rating in a research report on Wednesday, August 13th. Piper Sandler raised shares of Intapp to a "neutral" rating and set a $55.00 target price on the stock in a research note on Tuesday, June 24th. UBS Group lowered their target price 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 cut shares of Intapp from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Stifel Nicolaus lowered their target price 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. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $60.63.

Intapp Stock Performance

Intapp stock traded down $0.54 during trading hours on Friday, hitting $44.70. 493,879 shares of the stock were exchanged, compared to its average volume of 1,371,264. The stock has a market capitalization of $3.67 billion, a P/E ratio of -186.25, a P/E/G ratio of 19.28 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 business's 50-day moving average is $43.29 and its two-hundred day 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, topping the consensus estimate of $0.23 by $0.04. Intapp had a negative net margin of 3.61% and a negative return on equity of 0.89%. The firm had revenue of $135.04 million for the quarter, compared to analysts' expectations of $132.07 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The company's quarterly revenue was up 18.1% compared to the same quarter last year. Intapp has set its Q1 2026 guidance at 0.180-0.200 EPS. FY 2026 guidance at 1.090-1.130 EPS. On average, equities analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

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

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.