Luxor Capital Group LP Sells 262,157 Shares of Intapp, Inc. $INTA

Luxor Capital Group LP lowered its stake in Intapp, Inc. (NASDAQ:INTA) by 16.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,336,671 shares of the company’s stock after selling 262,157 shares during the quarter. Intapp makes up about 2.6% of Luxor Capital Group LP’s holdings, making the stock its 5th biggest position. Luxor Capital Group LP owned about 1.63% of Intapp worth $54,670,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Wellington Management Group LLP raised its holdings in shares of Intapp by 143.7% in the third quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company’s stock worth $77,365,000 after acquiring an additional 1,115,392 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Intapp during the third quarter valued at $45,349,000. Westfield Capital Management Co. LP acquired a new stake in shares of Intapp during the second quarter valued at $38,657,000. Norges Bank purchased a new stake in Intapp during the 2nd quarter worth about $35,081,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Intapp by 90,094.4% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 533,951 shares of the company’s stock worth $21,838,000 after purchasing an additional 533,359 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insider Activity

In related news, CEO John T. Hall sold 8,000 shares of the stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $47.48, for a total transaction of $379,840.00. Following the completion of the sale, the chief executive officer owned 5,711,668 shares of the company’s stock, valued at approximately $271,189,996.64. This represents a 0.14% 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. Insiders own 11.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Intapp from $70.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. UBS Group set a $54.00 target price on shares of Intapp in a research report on Wednesday, February 4th. Truist Financial set a $35.00 target price on shares of Intapp in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intapp in a report on Monday, December 29th. Finally, Piper Sandler reduced their price target on Intapp from $33.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, February 26th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $39.71.

Intapp Stock Performance

INTA opened at $25.68 on Tuesday. Intapp, Inc. has a 1 year low of $19.24 and a 1 year high of $64.31. The company’s 50 day simple moving average is $30.33 and its 200 day simple moving average is $38.11. The stock has a market capitalization of $2.06 billion, a PE ratio of -85.60, a P/E/G ratio of 112.36 and a beta of 0.74.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. The company had revenue of $140.21 million for the quarter, compared to analyst estimates of $138.20 million. Intapp had a negative net margin of 4.37% and a negative return on equity of 0.62%. Intapp’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter last year, the business earned $0.21 EPS. Intapp has set its FY 2026 guidance at 1.200-1.240 EPS and its Q3 2026 guidance at 0.270-0.290 EPS. As a group, sell-side analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Intapp announced that its board has initiated a stock repurchase program on Tuesday, February 3rd that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to purchase up to 7.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Intapp 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.