Intapp, Inc. $INTA Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS increased its position in shares of Intapp, Inc. (NASDAQ:INTA) by 11.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,700 shares of the company’s stock after purchasing an additional 1,200 shares during the period. KLP Kapitalforvaltning AS’s holdings in Intapp were worth $604,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Knights of Columbus Asset Advisors LLC acquired a new stake in Intapp during the second quarter worth about $1,219,000. Truist Financial Corp increased its position in Intapp by 378.5% during the second quarter. Truist Financial Corp now owns 26,188 shares of the company’s stock worth $1,352,000 after purchasing an additional 20,715 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Intapp by 19.3% during the second quarter. Janney Montgomery Scott LLC now owns 7,050 shares of the company’s stock worth $364,000 after purchasing an additional 1,142 shares during the last quarter. Rezny Wealth Management Inc. increased its position in Intapp by 18.8% during the second quarter. Rezny Wealth Management Inc. now owns 28,732 shares of the company’s stock worth $1,483,000 after purchasing an additional 4,537 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Intapp during the second quarter worth about $402,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on INTA. Citigroup dropped their price target 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. Piper Sandler upgraded shares of Intapp to a “neutral” rating and set a $55.00 price target for the company in a research report on Tuesday, June 24th. Barclays dropped their price target on shares of Intapp from $47.00 to $43.00 and set an “underweight” rating for the company in a research report on Tuesday. Stifel Nicolaus dropped 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. Finally, Wall Street Zen cut shares of Intapp from a “buy” rating to a “hold” rating in a research report on Saturday. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $60.13.

Intapp Stock Up 1.5%

Shares of Intapp stock opened at $37.13 on Friday. Intapp, Inc. has a 52-week low of $35.51 and a 52-week high of $77.74. The company has a 50 day moving average of $42.22 and a 200 day moving average of $47.96. The company has a market capitalization of $3.04 billion, a P/E ratio of -154.71, a P/E/G ratio of 15.58 and a beta of 0.71.

Intapp (NASDAQ:INTA) 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. Intapp had a negative net margin of 3.61% and a negative return on equity of 0.89%. The company had revenue of $135.04 million during the quarter, compared to the consensus estimate of $132.07 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The firm’s quarterly revenue 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. As a group, research analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Intapp announced that its Board of Directors has authorized a stock repurchase program on Tuesday, August 12th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to buy up to 5.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, CEO John T. Hall sold 19,515 shares of Intapp stock in a transaction that occurred on Friday, August 22nd. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Benjamin Harrison sold 6,690 shares of the business’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 transaction of $281,381.40. Following the sale, the insider owned 12,447 shares of the company’s stock, valued at $523,520.82. This represents a 34.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,169 shares of company stock valued at $4,292,798 over the last ninety days. 11.21% of the stock is currently 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.