Truist Financial Corp Has $1.35 Million Holdings in Intapp, Inc. $INTA

Key Points

• Truist Financial Corp increased its stake in Intapp, Inc. by 378.5% in Q2, holding 26,188 shares valued at approximately $1.35 million.
• Insider selling has been noted, with CFO David H. Morton, Jr. selling 10,000 shares for about $429,500, indicating a 21.34% decrease in his ownership.
• Intapp's stock has been subject to mixed analyst ratings with target prices revised down; its consensus rating is "Hold" with a price target around $60.63.

Truist Financial Corp increased its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 378.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,188 shares of the company's stock after purchasing an additional 20,715 shares during the period. Truist Financial Corp's holdings in Intapp were worth $1,352,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in INTA. Farther Finance Advisors LLC grew its stake in shares of Intapp by 74.2% during the first quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock worth $31,000 after purchasing an additional 224 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Intapp during the first quarter worth $36,000. Quarry LP grew its stake in shares of Intapp by 1,155.4% during the first quarter. Quarry LP now owns 703 shares of the company's stock worth $41,000 after purchasing an additional 647 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Intapp by 414.7% during the first quarter. Nisa Investment Advisors LLC now owns 803 shares of the company's stock worth $47,000 after purchasing an additional 647 shares during the period. Finally, CWM LLC grew its stake in shares of Intapp by 27.0% during the first quarter. CWM LLC now owns 1,003 shares of the company's stock worth $59,000 after purchasing an additional 213 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO David H. Morton, Jr. sold 10,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $42.95, for a total value of $429,500.00. Following the sale, the chief financial officer directly owned 36,855 shares in the company, valued at $1,582,922.25. The trade was a 21.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thad Jampol sold 2,968 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $41.80, for a total value of $124,062.40. Following the completion of the sale, the insider owned 879,434 shares in the company, valued at approximately $36,760,341.20. This trade represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,169 shares of company stock valued at $4,292,798. Corporate insiders own 11.21% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on INTA. Citigroup decreased their price objective on Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a research note on Wednesday, July 16th. Piper Sandler raised Intapp to a "neutral" rating and set a $55.00 price objective for the company in a research note on Tuesday, June 24th. Weiss Ratings reissued a "sell (d-)" rating on shares of Intapp in a research note on Saturday, September 27th. UBS Group decreased 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. Finally, Stifel Nicolaus decreased their target price on Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, July 8th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $60.63.

Intapp Trading Down 3.0%

NASDAQ:INTA opened at $37.71 on Monday. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of -157.12, a PEG ratio of 16.09 and a beta of 0.71. The stock has a 50-day moving average price of $42.41 and a two-hundred day moving average price of $48.57. Intapp, Inc. has a 1 year low of $35.51 and a 1 year high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.04. The company had revenue of $135.04 million for the quarter, compared to analyst estimates of $132.07 million. Intapp had a negative return on equity of 0.89% and a negative net margin of 3.61%.The company's quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the company 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. Sell-side analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current year.

Intapp announced that its Board of Directors has approved a share repurchase plan on Tuesday, August 12th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Intapp 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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