The Manufacturers Life Insurance Company Takes $777,000 Position in Intapp, Inc. $INTA

Key Points

• The Manufacturers Life Insurance Company initiated a $777,000 position in Intapp by purchasing 30,840 shares during the second quarter. Institutional investors collectively own approximately 89.96% of the company.
• Intapp insiders sold 94,491 shares worth $3.65 million over the past 90 days, including sales by the CEO and chief marketing officer under pre-arranged Rule 10b5-1 plans.
• Intapp exceeded quarterly earnings and revenue expectations, reporting $0.41 in EPS on $152.53 million in revenue, up 13% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $37.86.

The Manufacturers Life Insurance Company bought a new position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 30,840 shares of the company's stock, valued at approximately $777,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Intapp in the 2nd quarter worth $133,660,000. Wellington Management Group LLP lifted its holdings in Intapp by 143.7% during the third quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company's stock valued at $77,365,000 after purchasing an additional 1,115,392 shares in the last quarter. Barclays PLC lifted its holdings in Intapp by 1,160.6% during the fourth quarter. Barclays PLC now owns 1,094,989 shares of the company's stock valued at $50,172,000 after purchasing an additional 1,008,128 shares in the last quarter. Norges Bank acquired a new stake in shares of Intapp in the fourth quarter valued at about $32,302,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Intapp by 103.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,212,052 shares of the company's stock worth $55,536,000 after purchasing an additional 617,649 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company's stock.

Insider Activity

In other Intapp news, CMO Dustin Sedgwick sold 1,474 shares of the firm's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $41.21, for a total value of $60,743.54. Following the completion of the sale, the chief marketing officer directly owned 22,112 shares of the company's stock, valued at $911,235.52. This trade represents a 6.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John T. Hall sold 65,802 shares of the firm's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $41.20, for a total value of $2,711,042.40. Following the completion of the sale, the chief executive officer directly owned 5,814,808 shares of the company's stock, valued at $239,570,089.60. This trade represents a 1.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 94,491 shares of company stock valued at $3,650,613 in the last 90 days. 11.21% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Barclays raised their price target on shares of Intapp from $25.00 to $29.00 and gave the company an "underweight" rating in a research note on Wednesday, August 5th. Piper Sandler increased their target price on Intapp from $25.00 to $34.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Weiss Ratings restated a "sell (e+)" rating on shares of Intapp in a research report on Wednesday. Truist Financial lifted their price target on Intapp from $35.00 to $45.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Finally, Zacks Research raised Intapp from a "strong sell" rating to a "hold" rating in a research note on Friday, August 28th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Intapp has an average rating of "Hold" and a consensus price target of $37.86.

Intapp Trading Down 3.2%

Shares of NASDAQ INTA opened at $41.71 on Friday. The stock has a market cap of $3.19 billion, a PE ratio of -80.21, a P/E/G ratio of 16.10 and a beta of 0.45. Intapp, Inc. has a 12-month low of $19.01 and a 12-month high of $47.93. The company has a 50-day moving average of $34.08 and a 200 day moving average of $27.08.

Intapp (NASDAQ:INTA - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.05. The business had revenue of $152.53 million for the quarter, compared to analyst estimates of $149.75 million. Intapp had a negative net margin of 7.15% and a negative return on equity of 3.30%. The business's revenue was up 13.0% on a year-over-year basis. During the same period last year, the company posted $0.27 EPS. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. On average, sell-side analysts forecast that Intapp, Inc. will post 0.07 EPS for the current fiscal year.

About Intapp

Intapp, Inc, headquartered in Palo Alto, California, is a leading provider of cloud-based software solutions designed to meet the unique needs of professional services firms, including law firms, accounting practices, and financial institutions. The company's integrated platform connects front-office business development with back-office risk and compliance functions, enabling organizations to streamline workflows, improve collaboration and enhance client service.

Intapp's suite of applications—such as Intake, Conflicts, Risk, Open, Time and Flow—addresses the entire client lifecycle.

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