Woodline Partners LP Increases Position in Intapp, Inc. $INTA

Key Points

• Woodline Partners LP significantly increased its stake in Intapp, Inc. by 233.2% in the first quarter, owning approximately 143,034 shares worth about $8.35 million.
• Research analysts have mixed ratings on Intapp; while Piper Sandler upgraded it to a "neutral" rating, others like Wall Street Zen downgraded it from "buy" to "hold."
• Intapp initiated a $150 million share repurchase program, indicating management's belief that the stock is undervalued.

Woodline Partners LP raised its holdings in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 233.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,034 shares of the company's stock after buying an additional 100,103 shares during the period. Woodline Partners LP owned about 0.18% of Intapp worth $8,350,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in Intapp by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 455,085 shares of the company's stock worth $26,568,000 after purchasing an additional 6,419 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in Intapp during the 1st quarter worth $924,000. Thoroughbred Financial Services LLC increased its holdings in Intapp by 128.0% during the 1st quarter. Thoroughbred Financial Services LLC now owns 13,768 shares of the company's stock worth $803,000 after purchasing an additional 7,729 shares during the period. Jump Financial LLC purchased a new position in Intapp during the 1st quarter worth $756,000. Finally, Rhumbline Advisers increased its holdings in Intapp by 7.2% during the 1st quarter. Rhumbline Advisers now owns 78,398 shares of the company's stock worth $4,577,000 after purchasing an additional 5,257 shares during the period. Institutional investors own 89.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on INTA shares. Piper Sandler upgraded Intapp to a "neutral" rating and set a $55.00 price objective on the stock in a report on Tuesday, June 24th. Wall Street Zen downgraded Intapp from a "buy" rating to a "hold" rating in a report on Saturday, September 6th. Barclays raised their price objective on Intapp from $44.00 to $47.00 and gave the stock an "underweight" rating in a report on Wednesday, August 13th. Stifel Nicolaus lowered their target price on Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, July 8th. Finally, UBS Group lowered their target price on Intapp from $83.00 to $72.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $60.63.

Intapp Stock Up 2.0%

Intapp stock opened at $45.40 on Friday. The business has a fifty day moving average of $42.97 and a two-hundred day moving average of $51.62. The firm has a market cap of $3.73 billion, a P/E ratio of -189.17, a P/E/G ratio of 18.96 and a beta of 0.74. Intapp, Inc. has a twelve month low of $35.51 and a twelve month 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 earnings per share (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 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 quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm 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. Equities analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current year.

Intapp declared that its Board of Directors has initiated a share 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 typically an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling at Intapp

In other news, insider David Benjamin Harrison sold 6,690 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $42.06, for a total transaction of $281,381.40. Following the transaction, the insider directly owned 12,447 shares of the company's stock, valued at approximately $523,520.82. This represents a 34.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thad Jampol sold 6,184 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $42.06, for a total value of $260,099.04. Following the transaction, the insider directly owned 882,402 shares in the company, valued at approximately $37,113,828.12. The trade was a 0.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,649 shares of company stock valued at $4,224,079. Corporate insiders own 13.02% of the company's stock.

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.

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