Raymond James Financial Inc. Has $3.91 Million Stake in Intapp, Inc. $INTA

Raymond James Financial Inc. lessened its stake in shares of Intapp, Inc. (NASDAQ:INTA) by 66.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 66,982 shares of the company’s stock after selling 133,834 shares during the quarter. Raymond James Financial Inc. owned approximately 0.08% of Intapp worth $3,910,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of INTA. Farther Finance Advisors LLC increased its position in shares of 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 acquiring an additional 224 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Intapp by 414.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 803 shares of the company’s stock worth $47,000 after purchasing an additional 647 shares in the last quarter. CoreCap Advisors LLC purchased a new stake in shares of Intapp during the 4th quarter valued at $64,000. CWM LLC raised its position in shares of Intapp by 27.0% during the 1st quarter. CWM LLC now owns 1,003 shares of the company’s stock valued at $59,000 after buying an additional 213 shares in the last quarter. Finally, Archer Investment Corp bought a new stake in Intapp in the 1st quarter worth $126,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Intapp Trading Down 1.2%

Shares of NASDAQ INTA opened at $44.70 on Friday. Intapp, Inc. has a twelve month low of $35.51 and a twelve month high of $77.74. The stock has a 50 day moving average of $43.29 and a two-hundred day moving average of $52.12. The stock has a market cap of $3.67 billion, a P/E ratio of -186.25, a P/E/G ratio of 19.05 and a beta of 0.74.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, August 12th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The business 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 business’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter last year, the business 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. As a group, research analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current year.

Intapp announced that its board has approved a share repurchase plan on Tuesday, August 12th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to buy up to 5.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wall Street Zen cut shares of Intapp from a “buy” rating to a “hold” rating in a research report on Saturday. Piper Sandler raised shares of Intapp to a “neutral” rating and set a $55.00 target price on the stock in a research note on Tuesday, June 24th. Barclays increased their target price on shares of Intapp from $44.00 to $47.00 and gave the stock an “underweight” rating in a report on Wednesday, August 13th. Citigroup decreased their price objective on shares of Intapp from $66.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, July 16th. Finally, Stifel Nicolaus reduced their price target on shares of Intapp from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, July 8th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Intapp presently has a consensus rating of “Hold” and a consensus target price of $60.63.

Insider Buying and Selling

In related news, insider Michele Murgel sold 5,425 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $42.06, for a total value of $228,175.50. Following the transaction, the insider directly owned 224,522 shares of the company’s stock, valued at approximately $9,443,395.32. This trade represents a 2.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thad Jampol sold 6,184 shares of Intapp stock in a transaction that occurred 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 sale, the insider directly owned 882,402 shares in the company, valued at $37,113,828.12. The trade was a 0.70% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,649 shares of company stock valued at $4,224,079. Company 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.