Versor Investments LP Buys Shares of 12,142 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 bought a new position in Intapp, Inc. (NASDAQ:INTA - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 12,142 shares of the company's stock, valued at approximately $709,000.

A number of other large investors also recently modified their holdings of INTA. Jefferies Financial Group Inc. bought a new position in Intapp during the 1st quarter valued at $924,000. Thoroughbred Financial Services LLC lifted its stake in Intapp by 128.0% during the 1st quarter. Thoroughbred Financial Services LLC now owns 13,768 shares of the company's stock valued at $803,000 after acquiring an additional 7,729 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Intapp by 79.4% during the 4th quarter. Wells Fargo & Company MN now owns 30,607 shares of the company's stock valued at $1,962,000 after acquiring an additional 13,543 shares in the last quarter. Rhumbline Advisers lifted its stake in Intapp by 7.2% during the 1st quarter. Rhumbline Advisers now owns 78,398 shares of the company's stock valued at $4,577,000 after acquiring an additional 5,257 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Intapp by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 6,652,139 shares of the company's stock valued at $388,352,000 after acquiring an additional 283,923 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

Intapp Stock Up 2.2%

INTA traded up $0.92 during trading hours on Friday, hitting $42.82. The stock had a trading volume of 821,004 shares, compared to its average volume of 1,335,127. The company's fifty day simple moving average is $44.75 and its 200 day simple moving average is $54.10. Intapp, Inc. has a 1 year low of $35.51 and a 1 year high of $77.74. The stock has a market cap of $3.52 billion, a PE ratio of -178.42, a price-to-earnings-growth ratio of 12.96 and a beta of 0.73.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. Intapp had a negative return on equity of 0.89% and a negative net margin of 3.61%.The company had revenue of $135.04 million during the quarter, compared to analyst estimates of $132.07 million. During the same quarter last year, the firm posted $0.15 EPS. The firm's revenue for the quarter was up 18.1% on a year-over-year basis. 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 declared that its board has authorized a share buyback plan on Tuesday, August 12th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to buy up to 5.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wall Street Zen cut Intapp from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 21st. 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 report on Wednesday, August 13th. Citigroup decreased their target price on Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a research report on Wednesday, July 16th. Piper Sandler raised Intapp to a "neutral" rating and set a $55.00 target price for the company in a research report on Tuesday, June 24th. Finally, Barclays raised their target price on Intapp from $44.00 to $47.00 and gave the company an "underweight" rating in a research report on Wednesday, August 13th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $60.63.

Insider Buying and Selling

In related news, insider David Benjamin Harrison sold 6,690 shares of Intapp stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $42.06, for a total value of $281,381.40. Following the completion of the sale, the insider owned 12,447 shares of the company's stock, valued at approximately $523,520.82. This trade represents a 34.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO David H. Morton, Jr. sold 9,943 shares of Intapp stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $42.06, for a total value of $418,202.58. Following the completion of the sale, the chief financial officer directly owned 51,623 shares of the company's stock, valued at approximately $2,171,263.38. This trade represents a 16.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 53,091 shares of company stock worth $2,338,767 in the last quarter. 13.02% of the stock is currently owned by company insiders.

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.