Connor Clark & Lunn Investment Management Ltd. Has $1.71 Million Stock Holdings in Intapp, Inc. $INTA

Connor Clark & Lunn Investment Management Ltd. trimmed its position in Intapp, Inc. (NASDAQ:INTA) by 49.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,100 shares of the company’s stock after selling 32,324 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Intapp were worth $1,709,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. REAP Financial Group LLC grew its stake in Intapp by 218.5% in the second quarter. REAP Financial Group LLC now owns 481 shares of the company’s stock valued at $25,000 after acquiring an additional 330 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Intapp in the 2nd quarter valued at $31,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Intapp during the 1st quarter valued at $36,000. Caitong International Asset Management Co. Ltd increased its stake in Intapp by 356.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 643 shares of the company’s stock valued at $33,000 after purchasing an additional 502 shares in the last quarter. Finally, Quarry LP raised its holdings in Intapp by 1,155.4% during the first quarter. Quarry LP now owns 703 shares of the company’s stock worth $41,000 after buying an additional 647 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on INTA. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intapp in a report on Wednesday. Barclays cut their price target on Intapp from $47.00 to $43.00 and set an “underweight” rating for the company in a research note on Tuesday, October 14th. UBS Group lowered their price objective on Intapp from $72.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Piper Sandler set a $42.00 target price on Intapp and gave the company a “neutral” rating in a research report on Monday, October 20th. Finally, Wall Street Zen upgraded Intapp from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $54.86.

Insider Activity

In other Intapp news, insider David Benjamin Harrison sold 6,690 shares of the stock in a transaction 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 completion of the transaction, the insider directly owned 12,447 shares of the company’s stock, valued at approximately $523,520.82. This represents a 34.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John T. Hall sold 19,515 shares of the company’s stock in a transaction 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 transaction, the chief executive officer directly owned 5,598,775 shares in the company, valued at $240,411,398.50. This represents a 0.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 101,169 shares of company stock worth $4,292,798. 11.21% of the stock is owned by insiders.

Intapp Price Performance

Shares of Intapp stock opened at $43.07 on Monday. The firm has a market cap of $3.53 billion, a PE ratio of -119.64, a P/E/G ratio of 72.43 and a beta of 0.70. Intapp, Inc. has a 1 year low of $35.51 and a 1 year high of $77.74. The stock has a fifty day moving average price of $40.81 and a 200-day moving average price of $45.97.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The company had revenue of $139.03 million for the quarter, compared to the consensus estimate of $135.34 million. Intapp had a negative net margin of 5.35% and a negative return on equity of 1.58%. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 EPS. Intapp has set its FY 2026 guidance at 1.150-1.190 EPS. Q2 2026 guidance at 0.250-0.270 EPS. As a group, equities analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

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

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.