State of New Jersey Common Pension Fund D Buys 4,033 Shares of Intapp, Inc. $INTA

State of New Jersey Common Pension Fund D raised its stake in Intapp, Inc. (NASDAQ:INTA) by 13.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,388 shares of the company’s stock after acquiring an additional 4,033 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Intapp were worth $1,723,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in shares of Intapp by 1.4% during 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 during the period. Jefferies Financial Group Inc. bought a new position in Intapp during the 1st quarter worth $924,000. Thoroughbred Financial Services LLC increased its position 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 buying an additional 7,729 shares during the period. Jump Financial LLC bought a new position in Intapp during the 1st quarter worth $756,000. Finally, Vanguard Group Inc. increased its position in Intapp by 4.5% during the first quarter. Vanguard Group Inc. now owns 6,652,139 shares of the company’s stock worth $388,352,000 after acquiring an additional 283,923 shares during the period. 89.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on INTA. Barclays lowered their price target on shares of Intapp from $47.00 to $43.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 14th. Piper Sandler set a $42.00 target price on shares of Intapp and gave the stock a “neutral” rating in a report on Monday, October 20th. Stifel Nicolaus lowered their price objective on Intapp from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, July 8th. UBS Group lowered their price objective on Intapp from $83.00 to $72.00 and set a “buy” rating on the stock in a research note on Wednesday, August 13th. Finally, Wall Street Zen upgraded Intapp from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Intapp has an average rating of “Hold” and an average target price of $58.00.

Insider Transactions at Intapp

In related news, CEO John T. Hall sold 19,515 shares of the 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 of the company’s stock, valued at $240,411,398.50. This represents a 0.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michele Murgel sold 5,425 shares of the business’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 $228,175.50. Following the sale, the insider directly owned 224,522 shares in the company, valued at approximately $9,443,395.32. The trade was a 2.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 101,169 shares of company stock valued at $4,292,798. Company insiders own 11.21% of the company’s stock.

Intapp Price Performance

Shares of NASDAQ:INTA opened at $38.38 on Monday. The company’s 50 day simple moving average is $41.85 and its 200 day simple moving average is $46.84. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of -159.92, a price-to-earnings-growth ratio of 16.35 and a beta of 0.70. Intapp, Inc. has a 1 year low of $35.51 and a 1 year high of $77.74.

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, beating the consensus estimate of $0.23 by $0.04. Intapp had a negative return on equity of 0.89% and a negative net margin of 3.61%.The company had revenue of $135.04 million for the quarter, compared to analyst estimates of $132.07 million. During the same quarter last year, the company posted $0.15 EPS. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. 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, analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

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

Intapp 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.