Versor Investments LP Makes New Investment in Intapp, Inc. $INTA

Key Points

• Versor Investments LP acquired a new position in Intapp, Inc. during Q1, purchasing 12,142 shares worth approximately $709,000.
• Analysts have set a consensus price target for Intapp at $60.63, with varied ratings ranging from "buy" to "sell."
• Intapp’s Board of Directors has approved a $150 million share repurchase plan, indicating management's belief that the stock is undervalued.

Versor Investments LP purchased a new position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 12,142 shares of the company's stock, valued at approximately $709,000.

Other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in 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 period. Nisa Investment Advisors LLC boosted 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 period. Johnson Financial Group Inc. boosted its position in Intapp by 273.8% during the 4th quarter. Johnson Financial Group Inc. now owns 826 shares of the company's stock worth $53,000 after acquiring an additional 605 shares during the period. CWM LLC boosted 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 period. Finally, CoreCap Advisors LLC acquired a new position in Intapp during the 4th quarter worth $64,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Intapp Price Performance

Intapp stock traded up $0.78 during mid-day trading on Monday, hitting $43.60. The company's stock had a trading volume of 1,412,920 shares, compared to its average volume of 1,352,024. The firm's 50 day moving average is $44.53 and its 200 day moving average is $53.66. The company has a market cap of $3.58 billion, a PE ratio of -181.67, a price-to-earnings-growth ratio of 13.25 and a beta of 0.73. Intapp, Inc. has a 52-week low of $35.51 and a 52-week high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $0.27 earnings per share (EPS) for the quarter, topping 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 return on equity of 0.89% and a negative net margin of 3.61%.The business's revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 EPS. 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, analysts forecast that Intapp, Inc. will post -0.14 EPS for the current year.

Intapp declared that its Board of Directors has authorized a stock repurchase program 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 shares through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

Insider Transactions at Intapp

In related news, CMO Scott Fitzgerald sold 2,872 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $42.06, for a total value of $120,796.32. Following the completion of the sale, the chief marketing officer directly owned 48,370 shares of the company's stock, valued at approximately $2,034,442.20. This represents a 5.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thad Jampol sold 2,968 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $41.80, for a total value of $124,062.40. Following the completion of the transaction, the insider directly owned 879,434 shares in the company, valued at approximately $36,760,341.20. The trade was a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 107,649 shares of company stock worth $4,666,319. 13.02% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on INTA. Wall Street Zen lowered Intapp from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 21st. Barclays upped their price objective on Intapp from $44.00 to $47.00 and gave the company an "underweight" rating in a report on Wednesday, August 13th. Piper Sandler upgraded Intapp to a "neutral" rating and set a $55.00 price objective for the company in a report on Tuesday, June 24th. UBS Group cut their price objective on Intapp from $83.00 to $72.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. Finally, Stifel Nicolaus cut their price objective on Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, July 8th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Intapp has an average rating of "Hold" and a consensus target price of $60.63.

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.