Praesidium Investment Management Company LLC Purchases Shares of 783,868 Intapp, Inc. $INTA

Praesidium Investment Management Company LLC purchased a new stake in Intapp, Inc. (NASDAQ:INTA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 783,868 shares of the company’s stock, valued at approximately $19,761,311. Intapp accounts for approximately 0.0% of Praesidium Investment Management Company LLC’s holdings, making the stock its 5th largest holding. Praesidium Investment Management Company LLC owned approximately 1.02% of Intapp as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. TimesSquare Capital Management LLC acquired a new position in shares of Intapp in the 2nd quarter worth approximately $12,650,000. Alamar Capital Management LLC acquired a new position in Intapp in the second quarter valued at $2,040,000. Jennison Associates LLC increased its position in shares of Intapp by 3.7% during the 4th quarter. Jennison Associates LLC now owns 1,831,625 shares of the company’s stock valued at $83,925,000 after purchasing an additional 65,174 shares during the last quarter. AMS Capital Ltda lifted its position in Intapp by 83.6% in the 1st quarter. AMS Capital Ltda now owns 324,186 shares of the company’s stock worth $8,328,000 after buying an additional 147,567 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of Intapp by 100.1% during the first quarter. Lazard Asset Management LLC now owns 89,968 shares of the company’s stock valued at $2,311,000 after purchasing an additional 45,006 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Truist Financial increased their price target on Intapp from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. cut their target price on Intapp from $58.00 to $47.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Zacks Research downgraded Intapp from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Wall Street Zen upgraded shares of Intapp from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Piper Sandler upped their price target on shares of Intapp from $25.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $37.86.

Intapp Stock Down 0.5%

INTA stock traded down $0.23 during trading on Friday, hitting $43.47. The company had a trading volume of 752,161 shares, compared to its average volume of 1,047,499. The firm has a market cap of $3.33 billion, a PE ratio of -83.60, a price-to-earnings-growth ratio of 15.60 and a beta of 0.42. The firm has a 50-day moving average price of $31.68 and a 200-day moving average price of $26.32. Intapp, Inc. has a 1-year low of $19.01 and a 1-year high of $47.93.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.05. The business had revenue of $152.53 million during the quarter, compared to the consensus estimate of $149.75 million. Intapp had a negative return on equity of 3.30% and a negative net margin of 7.15%.The business’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. Sell-side analysts anticipate that Intapp, Inc. will post 0.07 earnings per share for the current year.

Insider Buying and Selling at Intapp

In related news, insider Michele Murgel sold 14,591 shares of Intapp stock in a transaction on Friday, June 26th. The shares were sold at an average price of $25.02, for a total value of $365,066.82. Following the sale, the insider owned 233,632 shares in the company, valued at $5,845,472.64. The trade was a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CMO Dustin De Forest Sedgwick sold 1,474 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $41.21, for a total value of $60,743.54. Following the sale, the chief marketing officer directly owned 22,112 shares in the company, valued at $911,235.52. This trade represents a 6.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 94,491 shares of company stock worth $3,650,613 in the last ninety days. Insiders own 11.21% of the company’s stock.

About Intapp

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.