Raymond James Financial Inc. Sells 133,834 Shares of Intapp, Inc. $INTA

Key Points

• Raymond James Financial Inc. has reduced its stake in Intapp, Inc. by 66.6%, now holding approximately $3.91 million worth of shares.
• Intapp reported quarterly earnings of $0.27 per share, exceeding analysts' expectations, with revenue rising 18.1% year-over-year.
• The company announced a $150 million share repurchase plan, signaling management's belief that its stock is undervalued.

Raymond James Financial Inc. lessened its holdings in Intapp, Inc. (NASDAQ:INTA - Free Report) by 66.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,982 shares of the company's stock after selling 133,834 shares during the period. Raymond James Financial Inc. owned 0.08% of Intapp worth $3,910,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in shares of 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 purchasing an additional 224 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Intapp by 414.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 803 shares of the company's stock worth $47,000 after acquiring an additional 647 shares during the last quarter. CWM LLC lifted its position in Intapp by 27.0% during the 1st quarter. CWM LLC now owns 1,003 shares of the company's stock worth $59,000 after acquiring an additional 213 shares during the last quarter. CoreCap Advisors LLC acquired a new position in Intapp during the 4th quarter worth $64,000. Finally, Archer Investment Corp acquired a new position in Intapp during the 1st quarter worth $126,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Intapp Stock Performance

Intapp stock traded up $0.64 during trading hours on Monday, hitting $45.34. 432,324 shares of the stock were exchanged, compared to its average volume of 1,313,699. The stock has a market capitalization of $3.72 billion, a P/E ratio of -188.92, a P/E/G ratio of 19.05 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 $43.16 and its two-hundred day moving average is $51.86.

Intapp (NASDAQ:INTA - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The company reported $0.27 EPS for the quarter, beating 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 business 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. Intapp's 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 has authorized a share repurchase plan on Tuesday, August 12th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to reacquire up to 5.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In other Intapp news, insider David Benjamin Harrison sold 6,690 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $42.06, for a total value of $281,381.40. Following the sale, the insider directly owned 12,447 shares in the company, valued at approximately $523,520.82. This trade represents a 34.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michele Murgel sold 5,425 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $42.06, for a total transaction of $228,175.50. Following the completion of the sale, the insider owned 224,522 shares in the company, valued at approximately $9,443,395.32. This trade represents a 2.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 99,649 shares of company stock valued at $4,224,079 over the last three months. 13.02% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

INTA has been the subject of a number of research analyst reports. Citigroup cut their target price on shares of Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a research report on Wednesday, July 16th. 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. Stifel Nicolaus cut their price objective on shares of Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, July 8th. Piper Sandler raised shares of Intapp to a "neutral" rating and set a $55.00 price objective for the company in a research report on Tuesday, June 24th. Finally, UBS Group cut their price objective on shares of Intapp from $83.00 to $72.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $60.63.

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.