783,868 Shares in Intapp, Inc. $INTA Purchased by Praesidium Investment Management Company LLC

Praesidium Investment Management Company LLC bought a new position in shares of Intapp, Inc. (NASDAQ:INTA) during the second quarter, Holdings Channel.com reports. The firm bought 783,868 shares of the company’s stock, valued at approximately $19,761,311,000. Intapp accounts for approximately 9.2% of Praesidium Investment Management Company LLC’s holdings, making the stock its 5th largest holding.

Several other hedge funds have also added to or reduced their stakes in the company. Man Group plc acquired a new position in Intapp during the 2nd quarter valued at about $4,062,000. Jupiter Topco LLC acquired a new position in shares of Intapp in the 2nd quarter valued at $571,000. Hsbc Holdings PLC acquired a new position in shares of Intapp in the 2nd quarter valued at $287,000. Canada Pension Plan Investment Board bought a new stake in shares of Intapp in the 2nd quarter valued at $514,000. Finally, Legal & General Group Plc bought a new stake in shares of Intapp in the 2nd quarter valued at $1,315,000. Institutional investors own 89.96% of the company’s stock.

Insider Activity at Intapp

In other news, CMO Dustin De Forest Sedgwick sold 1,474 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was 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 owned 22,112 shares in the company, valued at $911,235.52. This trade represents a 6.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director George R. Neble sold 2,624 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $40.00, for a total value of $104,960.00. Following the completion of the transaction, the director owned 30,465 shares of the company’s stock, valued at approximately $1,218,600. This represents a 7.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 94,491 shares of company stock worth $3,650,613. Corporate insiders own 11.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Barclays lifted their target price on Intapp from $25.00 to $29.00 and gave the stock an “underweight” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. lowered their price target on Intapp from $58.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Truist Financial lifted their price objective on Intapp from $35.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Wall Street Zen upgraded Intapp from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Intapp in a research note on Friday, June 5th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $37.86.

Intapp Stock Down 0.8%

Shares of INTA stock opened at $40.40 on Thursday. The company’s fifty day simple moving average is $31.25 and its 200-day simple moving average is $26.18. The firm has a market cap of $3.09 billion, a PE ratio of -77.69, a P/E/G ratio of 15.72 and a beta of 0.42. Intapp, Inc. has a 12 month low of $19.01 and a 12 month high of $47.93.

Intapp (NASDAQ:INTA) last released its earnings results 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 business had revenue of $152.53 million during the quarter, compared to the consensus estimate of $149.75 million. During the same quarter last year, the firm earned $0.27 earnings per share. The firm’s revenue for the quarter 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. On average, equities analysts predict that Intapp, Inc. will post 0.07 earnings per share for the current fiscal year.

Intapp Company 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.