Virtus Advisers LLC Sells 6,812 Shares of Intapp, Inc. $INTA

Virtus Advisers LLC trimmed its position in Intapp, Inc. (NASDAQ:INTA) by 76.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,116 shares of the company’s stock after selling 6,812 shares during the period. Virtus Advisers LLC’s holdings in Intapp were worth $109,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in INTA. REAP Financial Group LLC boosted its holdings 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 last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Intapp during the 2nd quarter valued at about $31,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Intapp in the 1st quarter valued at about $36,000. Caitong International Asset Management Co. Ltd grew its position in shares of Intapp by 356.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 643 shares of the company’s stock worth $33,000 after buying an additional 502 shares during the period. Finally, Quarry LP grew its position in shares of Intapp by 1,155.4% during the 1st quarter. Quarry LP now owns 703 shares of the company’s stock worth $41,000 after buying an additional 647 shares during the period. Institutional investors own 89.96% of the company’s stock.

Insiders Place Their Bets

In related news, CFO David H. Morton, Jr. sold 10,000 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $40.76, for a total transaction of $407,600.00. Following the completion of the transaction, the chief financial officer directly owned 43,765 shares in the company, valued at approximately $1,783,861.40. This trade represents a 18.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Donald F. Coleman sold 1,520 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $45.21, for a total value of $68,719.20. Following the completion of the sale, the chief operating officer owned 442,061 shares in the company, valued at $19,985,577.81. The trade was a 0.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 33,763 shares of company stock worth $1,382,944. Corporate insiders own 11.21% of the company’s stock.

Wall Street Analysts Forecast Growth

INTA has been the subject of a number of analyst reports. UBS Group lowered their target price on shares of Intapp from $72.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. JPMorgan Chase & Co. decreased their price objective on Intapp from $80.00 to $70.00 and set an “overweight” 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 note on Monday, October 20th. Stifel Nicolaus set a $50.00 target price on Intapp in a research report on Wednesday, November 5th. Finally, Barclays cut 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. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $54.86.

Intapp Stock Performance

Shares of INTA stock opened at $43.22 on Monday. Intapp, Inc. has a 52 week low of $35.51 and a 52 week high of $77.74. The company’s 50 day moving average price is $40.14 and its two-hundred day moving average price is $44.95. The company has a market capitalization of $3.54 billion, a P/E ratio of -120.05, a price-to-earnings-growth ratio of 72.63 and a beta of 0.69.

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

Intapp announced that its Board of Directors has approved a share buyback program on Tuesday, August 12th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 5.2% of its shares through open market purchases. Shares repurchase programs are usually an indication 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.