Commerce Bank acquired a new stake in shares of Intapp, Inc. (NASDAQ:INTA – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 11,788 shares of the company’s stock, valued at approximately $297,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Strive Financial Group LLC bought a new stake in shares of Intapp in the 4th quarter worth about $28,000. Allworth Financial LP bought a new position in Intapp during the 2nd quarter valued at about $33,000. Harbor Investment Advisory LLC bought a new position in Intapp during the 2nd quarter valued at about $36,000. Optiver Holding B.V. raised its position in Intapp by 2,232.1% in the 1st quarter. Optiver Holding B.V. now owns 1,819 shares of the company’s stock worth $47,000 after purchasing an additional 1,741 shares during the period. Finally, Federation des caisses Desjardins du Quebec lifted its stake in Intapp by 913.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company’s stock worth $48,000 after purchasing an additional 950 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.
Insider Transactions at Intapp
In other news, CMO Dustin De Forest Sedgwick sold 1,474 shares of the company’s stock in a transaction that occurred on 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 sale, the chief marketing officer owned 22,112 shares of the company’s stock, valued at approximately $911,235.52. This represents a 6.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michele Murgel sold 14,591 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $25.02, for a total transaction of $365,066.82. Following the transaction, the insider owned 233,632 shares in the company, valued at approximately $5,845,472.64. This represents a 5.88% 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 three months, insiders have sold 94,491 shares of company stock worth $3,650,613. Insiders own 11.21% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Report on INTA
Intapp Price Performance
INTA stock opened at $43.47 on Friday. The business has a 50-day moving average price of $32.11 and a 200 day moving average price of $26.44. The company has a market capitalization of $3.33 billion, a P/E ratio of -83.60, a PEG ratio of 16.87 and a beta of 0.42. Intapp, Inc. has a 1-year low of $19.01 and a 1-year high of $47.93.
Intapp (NASDAQ:INTA – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.41 earnings per share for the quarter, topping 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 company had revenue of $152.53 million during the quarter, compared to analyst estimates of $149.75 million. During the same period in the prior 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, analysts anticipate 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.
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