Stephens Investment Management Group LLC Sells 68,976 Shares of Intapp, Inc. $INTA

Stephens Investment Management Group LLC lessened its position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 35.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 123,499 shares of the company's stock after selling 68,976 shares during the period. Stephens Investment Management Group LLC owned approximately 0.15% of Intapp worth $6,375,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings 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 worth $388,352,000 after acquiring an additional 283,923 shares during the period. Invesco Ltd. lifted its stake in Intapp by 6.1% during the first quarter. Invesco Ltd. now owns 2,100,618 shares of the company's stock worth $122,634,000 after purchasing an additional 120,112 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Intapp by 7.7% during the first quarter. Alliancebernstein L.P. now owns 1,782,521 shares of the company's stock worth $104,064,000 after purchasing an additional 127,655 shares during the last quarter. Jennison Associates LLC lifted its stake in Intapp by 0.9% during the first quarter. Jennison Associates LLC now owns 1,550,010 shares of the company's stock worth $90,490,000 after purchasing an additional 13,577 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings 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 worth $37,851,000 after buying an additional 171,478 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

Insider Transactions at Intapp

In other news, CFO David H. Morton, Jr. sold 10,000 shares of Intapp stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $42.95, for a total transaction of $429,500.00. Following the completion of the sale, the chief financial officer directly owned 36,855 shares of the company's stock, valued at approximately $1,582,922.25. The trade was a 21.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David Benjamin Harrison sold 6,690 shares of Intapp stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $42.06, for a total transaction of $281,381.40. Following the sale, the insider directly owned 12,447 shares of the company's stock, valued at $523,520.82. This represents a 34.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,169 shares of company stock worth $4,292,798. 11.21% of the stock is owned by corporate insiders.

Intapp Stock Down 0.8%

Shares of INTA stock opened at $39.40 on Thursday. Intapp, Inc. has a 12-month low of $35.51 and a 12-month high of $77.74. The firm has a market cap of $3.22 billion, a P/E ratio of -164.17, a PEG ratio of 16.92 and a beta of 0.71. The company has a 50 day moving average of $42.27 and a 200-day moving average of $47.63.

Intapp (NASDAQ:INTA - Get Free Report) last released 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. 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 during the quarter, compared to analyst estimates of $132.07 million. During the same period in the previous year, the business earned $0.15 EPS. 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. As a group, equities analysts expect that Intapp, Inc. will post -0.14 EPS for the current year.

Intapp announced that its board has initiated a share repurchase program 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 shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

INTA has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Intapp from a "buy" rating to a "hold" rating in a report on Saturday, October 18th. Piper Sandler set a $42.00 price target on Intapp and gave the stock a "neutral" rating in a report on Monday. UBS Group reduced their target price on Intapp from $83.00 to $72.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Intapp in a research report on Tuesday, October 14th. Finally, Barclays dropped their target price on shares of Intapp from $47.00 to $43.00 and set an "underweight" rating on the stock in a research report on Tuesday, October 14th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Intapp has a consensus rating of "Hold" and a consensus target price of $58.50.

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.

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