Envestnet Asset Management Inc. Increases Stock Holdings in Intapp, Inc. $INTA

Envestnet Asset Management Inc. raised its holdings in Intapp, Inc. (NASDAQ:INTA) by 41.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 316,430 shares of the company’s stock after buying an additional 92,795 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.39% of Intapp worth $12,942,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of INTA. Brown Capital Management LLC purchased a new stake in Intapp during the third quarter valued at about $8,741,000. Arizona State Retirement System increased its position in Intapp by 3.4% during the 3rd quarter. Arizona State Retirement System now owns 16,763 shares of the company’s stock worth $686,000 after purchasing an additional 554 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised its holdings in Intapp by 2.4% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 24,168 shares of the company’s stock valued at $988,000 after buying an additional 558 shares during the period. Truist Financial Corp lifted its position in Intapp by 38.2% during the third quarter. Truist Financial Corp now owns 36,188 shares of the company’s stock valued at $1,480,000 after buying an additional 10,000 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS grew its stake in Intapp by 21.6% during the third quarter. Kornitzer Capital Management Inc. KS now owns 128,180 shares of the company’s stock worth $5,243,000 after buying an additional 22,735 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

Intapp Stock Down 0.9%

Shares of INTA opened at $23.23 on Tuesday. The stock’s fifty day simple moving average is $38.76 and its 200-day simple moving average is $40.52. The firm has a market capitalization of $1.87 billion, a PE ratio of -77.43, a price-to-earnings-growth ratio of 135.68 and a beta of 0.68. Intapp, Inc. has a 12-month low of $20.76 and a 12-month high of $77.74.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. The firm had revenue of $140.21 million for the quarter, compared to analysts’ expectations of $138.20 million. Intapp had a negative net margin of 4.37% and a negative return on equity of 0.62%. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period last year, the firm earned $0.21 earnings per share. Intapp has set its FY 2026 guidance at 1.200-1.240 EPS and its Q3 2026 guidance at 0.270-0.290 EPS. Analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current year.

Intapp declared that its Board of Directors has approved a share repurchase plan on Tuesday, February 3rd that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 7.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, CEO John T. Hall sold 8,000 shares of the business’s stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $47.48, for a total transaction of $379,840.00. Following the transaction, the chief executive officer directly owned 5,711,668 shares in the company, valued at $271,189,996.64. The trade was a 0.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David H. Morton, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $40.76, for a total value of $407,600.00. Following the completion of the sale, the chief financial officer owned 43,765 shares in the company, valued at $1,783,861.40. This represents a 18.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 48,243 shares of company stock worth $2,070,785 over the last three months. Insiders own 11.21% of the company’s stock.

Analyst Ratings Changes

INTA has been the subject of a number of recent research reports. Stifel Nicolaus lowered their target price on Intapp from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Intapp in a research report on Monday, December 29th. JPMorgan Chase & Co. lowered their price target on shares of Intapp from $70.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Wall Street Zen downgraded shares of Intapp from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, Citigroup decreased their price objective on shares of Intapp from $49.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Intapp currently has an average rating of “Hold” and an average target price of $41.57.

Intapp Profile

Intapp, Inc, headquartered in Palo Alto, California, is a leading provider of cloud-based software solutions designed to meet the unique needs of professional services firms, including law firms, accounting practices, and financial institutions. The company’s integrated platform connects front-office business development with back-office risk and compliance functions, enabling organizations to streamline workflows, improve collaboration and enhance client service.

Intapp’s suite of applications—such as Intake, Conflicts, Risk, Open, Time and Flow—addresses the entire client lifecycle.