Voleon Capital Management LP Sells 22,885 Shares of Intapp, Inc. $INTA

Key Points

• Voleon Capital Management LP has drastically reduced its stake in Intapp, Inc. by 80.4%, now holding only 5,584 shares after selling 22,885 shares in the first quarter.
• Intapp recently initiated a $150 million share buyback plan, indicating that its leadership believes the stock is undervalued.
• The company reported an 18.1% year-over-year revenue increase with a quarterly revenue of $135.04 million, surpassing analysts' expectations.

Voleon Capital Management LP trimmed its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 80.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,584 shares of the company's stock after selling 22,885 shares during the quarter. Voleon Capital Management LP's holdings in Intapp were worth $326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. CWM LLC raised its position 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 acquiring an additional 213 shares during the last quarter. Farther Finance Advisors LLC grew its stake in 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. Hsbc Holdings PLC grew its stake in Intapp by 3.5% during the first quarter. Hsbc Holdings PLC now owns 8,001 shares of the company's stock worth $465,000 after purchasing an additional 272 shares during the period. Menard Financial Group LLC grew its stake in Intapp by 12.3% during the first quarter. Menard Financial Group LLC now owns 3,798 shares of the company's stock worth $217,000 after purchasing an additional 415 shares during the period. Finally, Xponance Inc. grew its stake in Intapp by 11.9% during the first quarter. Xponance Inc. now owns 4,246 shares of the company's stock worth $248,000 after purchasing an additional 450 shares during the period. 89.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on INTA shares. Barclays raised their target price on Intapp from $44.00 to $47.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 13th. 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. Citigroup reduced 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. Stifel Nicolaus reduced their price objective on Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, July 8th. Finally, Wall Street Zen raised Intapp from a "hold" rating to a "buy" rating in a research note on Sunday. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Intapp has a consensus rating of "Hold" and an average target price of $60.63.

Intapp Stock Up 2.7%

Intapp stock traded up $1.22 during mid-day trading on Monday, reaching $46.38. 243,636 shares of the company's stock were exchanged, compared to its average volume of 749,526. The business's fifty day simple moving average is $42.91 and its 200 day simple moving average is $51.29. The firm has a market capitalization of $3.81 billion, a PE ratio of -193.24, a P/E/G ratio of 19.24 and a beta of 0.74. Intapp, Inc. has a one year low of $35.51 and a one 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, topping analysts' consensus estimates of $0.23 by $0.04. The business 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%.Intapp's quarterly revenue was up 18.1% compared to the same quarter last year. During the same period last 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. On average, 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 initiated a stock buyback plan on Tuesday, August 12th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at Intapp

In other Intapp news, CEO John T. Hall sold 8,000 shares of the business's stock in a transaction on Monday, August 25th. The stock was 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 in the company, valued at $243,322,761.50. The trade was a 0.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thad Jampol sold 2,968 shares of the business's stock in a transaction on 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. The trade was a 0.34% 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 valued at $4,224,079 in the last ninety days. 13.02% of the stock is owned by corporate insiders.

About Intapp

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.