Wellington Management Group LLP Has $36.82 Million Stock Position in Intapp, Inc. $INTA

Key Points

• Wellington Management Group LLP reduced its stake in Intapp, Inc. by 25.9%, now holding 630,609 shares worth approximately $36.8 million after selling 220,530 shares.
• Institutional investors own nearly 90% of Intapp's stock, with notable increases in holdings from firms like First Trust Advisors and Price T Rowe Associates in the last quarter.
• Intapp reported $0.27 earnings per share for the last quarter, surpassing analyst expectations, and also set a share repurchase program allowing $150 million in buybacks.

Wellington Management Group LLP lowered its stake in Intapp, Inc. (NASDAQ:INTA - Free Report) by 25.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 630,609 shares of the company's stock after selling 220,530 shares during the quarter. Wellington Management Group LLP owned about 0.78% of Intapp worth $36,815,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of INTA. Nuveen LLC acquired a new position in shares of Intapp in the 1st quarter worth approximately $35,117,000. Lord Abbett & CO. LLC acquired a new position in shares of Intapp in the 4th quarter worth approximately $30,563,000. Vanguard Group Inc. grew its position in shares of Intapp by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 6,652,139 shares of the company's stock worth $388,352,000 after acquiring an additional 283,923 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Intapp in the 4th quarter worth approximately $12,627,000. Finally, Nuveen Asset Management LLC grew its position in shares of Intapp by 43.3% in the 4th quarter. Nuveen Asset Management LLC now owns 628,995 shares of the company's stock worth $40,312,000 after acquiring an additional 189,989 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Insider Activity at Intapp

In other news, insider Thad Jampol sold 6,184 shares of Intapp stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $42.06, for a total transaction of $260,099.04. Following the transaction, the insider directly owned 882,402 shares in the company, valued at approximately $37,113,828.12. This trade represents a 0.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John T. Hall sold 19,515 shares of Intapp stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $42.94, for a total value of $837,974.10. Following the completion of the transaction, the chief executive officer owned 5,598,775 shares in the company, valued at $240,411,398.50. The trade was a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,649 shares of company stock worth $4,224,079 in the last quarter. Company insiders own 13.02% of the company's stock.

Intapp Stock Down 1.7%

Intapp stock traded down $0.77 during mid-day trading on Friday, hitting $45.65. 319,133 shares of the company's stock traded hands, compared to its average volume of 756,876. Intapp, Inc. has a one year low of $35.51 and a one year high of $77.74. The company has a market cap of $3.75 billion, a PE ratio of -190.25, a price-to-earnings-growth ratio of 20.20 and a beta of 0.73. The firm has a 50 day moving average price of $44.09 and a 200 day moving average price of $53.38.

Intapp (NASDAQ:INTA - Get Free Report) last issued 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 return on equity of 0.89% and a negative net margin of 3.61%.The company had revenue of $135.04 million for the quarter, compared to analysts' expectations of $132.07 million. During the same period last year, the firm earned $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. On average, analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Intapp declared that its Board of Directors has authorized a share repurchase plan on Tuesday, August 12th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to buy up to 5.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group cut their price target on Intapp from $83.00 to $72.00 and set a "buy" rating on the stock in a report on Wednesday, August 13th. Wall Street Zen downgraded Intapp from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 21st. Piper Sandler raised Intapp to a "neutral" rating and set a $55.00 price target on the stock in a report on Tuesday, June 24th. Stifel Nicolaus cut their price target on Intapp from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, July 8th. Finally, Barclays raised their price target on Intapp from $44.00 to $47.00 and gave the stock an "underweight" rating in a 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $60.63.

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.