Janney Montgomery Scott LLC Purchases 1,142 Shares of Intapp, Inc. $INTA

Janney Montgomery Scott LLC boosted its position in shares of Intapp, Inc. (NASDAQ:INTA) by 19.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,050 shares of the company’s stock after acquiring an additional 1,142 shares during the period. Janney Montgomery Scott LLC’s holdings in Intapp were worth $364,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Intapp by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 6,652,139 shares of the company’s stock valued at $388,352,000 after buying an additional 283,923 shares in the last quarter. Invesco Ltd. grew its holdings in Intapp by 6.1% during the 1st quarter. Invesco Ltd. now owns 2,100,618 shares of the company’s stock valued at $122,634,000 after buying an additional 120,112 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Intapp by 7.7% during the 1st quarter. Alliancebernstein L.P. now owns 1,782,521 shares of the company’s stock valued at $104,064,000 after buying an additional 127,655 shares in the last quarter. Jennison Associates LLC grew its holdings in Intapp by 0.9% during the 1st quarter. Jennison Associates LLC now owns 1,550,010 shares of the company’s stock valued at $90,490,000 after buying an additional 13,577 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its holdings in Intapp by 36.0% during the 1st quarter. Lord Abbett & CO. LLC now owns 648,347 shares of the company’s stock valued at $37,851,000 after buying an additional 171,478 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Intapp

In other news, CFO David H. Morton, Jr. sold 10,000 shares of Intapp stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $42.95, for a total transaction of $429,500.00. Following the completion of the sale, the chief financial officer directly owned 36,855 shares in the company, valued at approximately $1,582,922.25. This trade represents a 21.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $260,099.04. Following the sale, the insider owned 882,402 shares of the company’s stock, valued at approximately $37,113,828.12. This trade represents a 0.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,169 shares of company stock valued at $4,292,798 over the last three months. Corporate insiders own 11.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on INTA shares. Barclays cut their price objective on shares of Intapp from $47.00 to $43.00 and set an “underweight” rating for the company in a report on Tuesday. Citigroup cut their target price on shares of Intapp from $66.00 to $53.00 and set a “neutral” rating for the company in a report on Wednesday, July 16th. UBS Group cut their target price on shares of Intapp from $83.00 to $72.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Wall Street Zen lowered shares of Intapp from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Intapp in a report on Tuesday, October 14th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $60.13.

Intapp Stock Up 1.5%

NASDAQ INTA opened at $37.13 on Friday. The company has a fifty day moving average of $42.22 and a two-hundred day moving average of $47.88. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of -154.71, a PEG ratio of 15.82 and a beta of 0.71. Intapp, Inc. has a 52 week low of $35.51 and a 52 week high of $77.74.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. The company had revenue of $135.04 million during the quarter, compared to analyst estimates of $132.07 million. Intapp had a negative net margin of 3.61% and a negative return on equity of 0.89%. Intapp’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 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 research analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current year.

Intapp announced that its board 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 usually an indication that the company’s management believes its shares are undervalued.

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.