TD Asset Management Inc Buys 8,350 Shares of Intapp, Inc. $INTA

Key Points

• TD Asset Management Inc increased its stake in Intapp, Inc. by 26.2% in the second quarter, now holding 40,204 shares worth approximately $2.075 million.
• Insider sales totaled 101,169 shares valued at around $4.29 million in the last quarter, with noted insider David Benjamin Harrison reducing his ownership by 34.96%.
• Intapp has initiated a $150 million stock repurchase plan, indicating the board's belief that its shares are currently undervalued.

TD Asset Management Inc lifted its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 26.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 40,204 shares of the company's stock after acquiring an additional 8,350 shares during the period. TD Asset Management Inc's holdings in Intapp were worth $2,075,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in INTA. Farther Finance Advisors LLC lifted its holdings in shares of Intapp by 74.2% during the 1st quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock worth $31,000 after acquiring an additional 224 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Intapp by 143.0% during the 1st quarter. SG Americas Securities LLC now owns 6,017 shares of the company's stock worth $351,000 after acquiring an additional 3,541 shares during the last quarter. Diversified Trust Co lifted its holdings in shares of Intapp by 79.5% during the 1st quarter. Diversified Trust Co now owns 7,389 shares of the company's stock worth $431,000 after acquiring an additional 3,273 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Intapp by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,891 shares of the company's stock worth $588,000 after acquiring an additional 3,468 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Intapp by 61.9% during the 1st quarter. Bank of New York Mellon Corp now owns 264,088 shares of the company's stock worth $15,417,000 after acquiring an additional 101,004 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

Insider Activity

In other news, insider David Benjamin Harrison sold 6,690 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $42.06, for a total transaction of $281,381.40. Following the completion of the transaction, the insider directly owned 12,447 shares of the company's stock, valued at approximately $523,520.82. This represents a 34.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michele Murgel sold 5,425 shares of the business's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $42.06, for a total transaction of $228,175.50. Following the transaction, the insider owned 224,522 shares in the company, valued at $9,443,395.32. This represents a 2.36% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,169 shares of company stock valued at $4,292,798. 11.21% of the stock is owned by corporate insiders.

Intapp Trading Up 3.6%

Shares of NASDAQ:INTA opened at $39.71 on Wednesday. The company has a market cap of $3.25 billion, a price-to-earnings ratio of -165.46, a price-to-earnings-growth ratio of 16.33 and a beta of 0.71. The company has a 50-day moving average price of $42.33 and a 200-day moving average price of $47.69. Intapp, Inc. has a 12 month low of $35.51 and a 12 month high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.27 EPS for the quarter, beating the consensus estimate 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 company's quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $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, research analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Piper Sandler set a $42.00 price target on shares of Intapp and gave the stock a "neutral" rating in a research note on Monday. Weiss Ratings reissued a "sell (e+)" rating on shares of Intapp in a research note on Tuesday, October 14th. Wall Street Zen downgraded shares of Intapp from a "buy" rating to a "hold" rating in a research note on Saturday. Citigroup lowered their price target on shares of Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a research note on Wednesday, July 16th. Finally, Barclays lowered their price target on shares of Intapp from $47.00 to $43.00 and set an "underweight" rating for the company in a research note on Tuesday, October 14th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $58.50.

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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