Virtus Advisers LLC Makes New Investment in Intapp, Inc. $INTA

Key Points

• Virtus Advisers LLC invested approximately $521,000 in Intapp, acquiring 8,928 shares in the 1st quarter, reflecting growing institutional interest in the stock.
• Insider transactions showed that CFO David H. Morton, Jr. and CEO John T. Hall sold 9,943 and 13,977 shares respectively, indicating potential changes in management's confidence despite their significant remaining holdings.
• Equities research analysts downgraded Intapp's price targets, with Citigroup reducing theirs from $66.00 to $53.00, highlighting a shift in market sentiment towards the company's stock.

Virtus Advisers LLC acquired a new position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,928 shares of the company's stock, valued at approximately $521,000.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Intapp by 4.5% during the first quarter. Vanguard Group Inc. now owns 6,652,139 shares of the company's stock worth $388,352,000 after buying an additional 283,923 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Intapp by 6.1% during the first quarter. Invesco Ltd. now owns 2,100,618 shares of the company's stock worth $122,634,000 after buying an additional 120,112 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Intapp by 0.9% during the first quarter. Jennison Associates LLC now owns 1,550,010 shares of the company's stock worth $90,490,000 after buying an additional 13,577 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Intapp by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 859,709 shares of the company's stock worth $55,101,000 after buying an additional 6,541 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in shares of Intapp by 36.0% during the first quarter. Lord Abbett & CO. LLC now owns 648,347 shares of the company's stock worth $37,851,000 after buying an additional 171,478 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Intapp Trading Down 0.9%

Shares of INTA stock traded down $0.43 on Friday, hitting $45.99. The stock had a trading volume of 621,585 shares, compared to its average volume of 758,695. Intapp, Inc. has a twelve month low of $35.51 and a twelve month high of $77.74. The firm has a market cap of $3.78 billion, a P/E ratio of -191.63, a PEG ratio of 20.20 and a beta of 0.73. The company has a fifty day moving average price of $44.09 and a two-hundred day moving average price of $53.38.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. Intapp had a negative net margin of 3.61% and a negative return on equity of 0.89%. The company had revenue of $135.04 million during the quarter, compared to analyst estimates of $132.07 million. During the same quarter in the previous year, the business earned $0.15 EPS. The firm's revenue 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. On average, analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current year.

Intapp announced that its Board of Directors has approved a stock repurchase program on Tuesday, August 12th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 5.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, CEO John T. Hall sold 8,000 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $43.46, for a total value of $347,680.00. Following the sale, the chief executive officer directly owned 5,598,775 shares of the company's stock, valued at approximately $243,322,761.50. The trade was a 0.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Scott Fitzgerald sold 2,872 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $42.06, for a total transaction of $120,796.32. Following the completion of the sale, the chief marketing officer directly owned 48,370 shares in the company, valued at $2,034,442.20. This represents a 5.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 99,649 shares of company stock worth $4,224,079 in the last ninety days. 13.02% of the stock is owned by insiders.

Analyst Ratings Changes

INTA has been the subject of a number of research reports. Wall Street Zen lowered shares of Intapp from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 21st. Stifel Nicolaus lowered their price target on shares of Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, July 8th. 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 report on Wednesday, July 16th. Piper Sandler raised shares of Intapp to a "neutral" rating and set a $55.00 price target for the company in a report on Tuesday, June 24th. Finally, Barclays raised their price target on shares of Intapp from $44.00 to $47.00 and gave the company an "underweight" rating in a report on Wednesday, August 13th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Intapp currently has a consensus rating of "Hold" and an average price target of $60.63.

Intapp Company 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.