Wellington Management Group LLP Buys 112,735 Shares of Intapp, Inc. $INTA

Wellington Management Group LLP boosted its stake in shares of Intapp, Inc. (NASDAQ:INTA) by 5.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,046,759 shares of the company’s stock after purchasing an additional 112,735 shares during the quarter. Wellington Management Group LLP owned about 2.66% of Intapp worth $51,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INTA. Strive Financial Group LLC purchased a new stake in shares of Intapp during the fourth quarter valued at about $28,000. Federation des caisses Desjardins du Quebec grew its position in shares of Intapp by 913.5% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company’s stock worth $48,000 after buying an additional 950 shares during the last quarter. Allworth Financial LP bought a new position in shares of Intapp during the 2nd quarter worth approximately $33,000. Harbor Investment Advisory LLC bought a new position in shares of Intapp during the 2nd quarter worth approximately $36,000. Finally, State of Wyoming lifted its position in Intapp by 75.7% during the fourth quarter. State of Wyoming now owns 1,597 shares of the company’s stock valued at $73,000 after acquiring an additional 688 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Intapp Trading Up 3.9%

NASDAQ INTA opened at $43.11 on Friday. Intapp, Inc. has a 12-month low of $19.01 and a 12-month high of $47.93. The company has a fifty day simple moving average of $33.75 and a two-hundred day simple moving average of $26.97. The stock has a market cap of $3.30 billion, a P/E ratio of -82.90, a P/E/G ratio of 16.02 and a beta of 0.45.

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

Insider Buying and Selling at Intapp

In other Intapp news, CFO David Morton, Jr. sold 10,000 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $40.88, for a total transaction of $408,800.00. Following the sale, the chief financial officer owned 120,074 shares in the company, valued at approximately $4,908,625.12. The trade was a 7.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CMO Dustin Sedgwick sold 1,474 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $41.21, for a total value of $60,743.54. Following the completion of the transaction, the chief marketing officer directly owned 22,112 shares in the company, valued at $911,235.52. This 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. In the last quarter, insiders have sold 94,491 shares of company stock worth $3,650,613. 11.21% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Citigroup raised their target price on shares of Intapp from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Piper Sandler increased their price objective on Intapp from $25.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of Intapp in a research report on Friday, June 5th. Zacks Research upgraded Intapp from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Finally, Barclays upped their target price on Intapp from $25.00 to $29.00 and gave the company an “underweight” rating in a research report on Wednesday, August 5th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Intapp presently has an average rating of “Hold” and a consensus target price of $37.86.

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.