Woodline Partners LP Acquires 100,103 Shares of 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 grew its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 233.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 143,034 shares of the company's stock after purchasing an additional 100,103 shares during the quarter. Woodline Partners LP owned about 0.18% of Intapp worth $8,350,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position in shares of Intapp by 74.2% during the 1st 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 last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Intapp during the 1st quarter worth approximately $36,000. Quarry LP boosted its stake in shares of Intapp by 1,155.4% during the 1st quarter. Quarry LP now owns 703 shares of the company's stock worth $41,000 after acquiring an additional 647 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Intapp by 414.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 803 shares of the company's stock worth $47,000 after acquiring an additional 647 shares during the period. Finally, CWM LLC boosted its stake in shares of Intapp by 27.0% during the 1st quarter. CWM LLC now owns 1,003 shares of the company's stock worth $59,000 after acquiring an additional 213 shares during the period. Institutional investors and hedge funds own 89.96% of the company's stock.

Intapp Trading Up 1.4%

NASDAQ INTA traded up $0.62 during midday trading on Wednesday, hitting $45.21. The company had a trading volume of 90,183 shares, compared to its average volume of 750,046. The company has a market capitalization of $3.71 billion, a PE ratio of -188.37, a P/E/G ratio of 19.11 and a beta of 0.74. The firm has a 50-day moving average price of $42.79 and a 200-day moving average price of $51.09. 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 announced its quarterly earnings data on Tuesday, August 12th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. The firm had revenue of $135.04 million during the quarter, compared to analysts' expectations of $132.07 million. Intapp had a negative return on equity of 0.89% and a negative net margin of 3.61%.The company's quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 EPS. Intapp has set its Q1 2026 guidance at 0.180-0.200 EPS. FY 2026 guidance at 1.090-1.130 EPS. On average, equities analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current year.

Intapp announced that its Board of Directors has authorized a stock repurchase program on Tuesday, August 12th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to purchase up to 5.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Insider Transactions at Intapp

In other Intapp news, insider David Benjamin Harrison sold 6,690 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 value of $281,381.40. Following the completion of the transaction, the insider directly owned 12,447 shares of the company's stock, valued at $523,520.82. The trade was a 34.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David H. Morton, Jr. sold 10,000 shares of Intapp stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $42.95, for a total value of $429,500.00. Following the completion of the transaction, the chief financial officer directly owned 36,855 shares of the company's stock, valued at $1,582,922.25. This represents a 21.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 101,169 shares of company stock worth $4,292,798. Corporate insiders own 13.02% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on INTA shares. Barclays lifted 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. Piper Sandler upgraded Intapp to a "neutral" rating and set a $55.00 target price for the company in a research note on Tuesday, June 24th. Wall Street Zen upgraded Intapp from a "hold" rating to a "buy" rating in a research note on Sunday. Citigroup reduced their target price on Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a research note on Wednesday, July 16th. Finally, UBS Group reduced 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. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average 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.