Palogic Value Management L.P. Purchases Shares of 25,033 Intapp, Inc. $INTA

Palogic Value Management L.P. purchased a new position in Intapp, Inc. (NASDAQ:INTA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,033 shares of the company’s stock, valued at approximately $631,000.

Several other institutional investors and hedge funds have also recently modified their holdings of INTA. Strive Financial Group LLC bought a new position in Intapp in the 4th quarter worth $28,000. Allworth Financial LP purchased a new stake in Intapp in the 2nd quarter worth $33,000. Harbor Investment Advisory LLC bought a new stake in Intapp during the second quarter valued at about $36,000. Optiver Holding B.V. lifted its position in shares of Intapp by 2,232.1% in the first quarter. Optiver Holding B.V. now owns 1,819 shares of the company’s stock valued at $47,000 after acquiring an additional 1,741 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec lifted its position in shares of Intapp by 913.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company’s stock valued at $48,000 after acquiring an additional 950 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

Intapp Stock Performance

NASDAQ INTA opened at $40.40 on Thursday. The stock has a 50 day moving average price of $31.25 and a 200-day moving average price of $26.18. Intapp, Inc. has a one year low of $19.01 and a one year high of $47.93. The company has a market capitalization of $3.09 billion, a P/E ratio of -77.69, a P/E/G ratio of 15.72 and a beta of 0.42.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.41 earnings per share (EPS) 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 company had revenue of $152.53 million for the quarter, compared to the consensus estimate of $149.75 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. Intapp’s revenue was up 13.0% on a year-over-year basis. 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, equities analysts predict that Intapp, Inc. will post 0.07 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Citigroup increased their target price on Intapp from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. lowered their price target on Intapp from $58.00 to $47.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Intapp in a research note on Friday, June 5th. Truist Financial increased their price objective on shares of Intapp from $35.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Zacks Research downgraded shares of Intapp from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $37.86.

Insider Transactions at Intapp

In other Intapp news, Director George R. Neble sold 2,624 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $40.00, for a total transaction of $104,960.00. Following the sale, the director directly owned 30,465 shares of the company’s stock, valued at $1,218,600. The trade was a 7.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through 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 firm’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 directly owned 22,112 shares of the company’s stock, valued at $911,235.52. The trade was 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. Over the last 90 days, insiders sold 94,491 shares of company stock worth $3,650,613. 11.21% of the stock is currently owned by corporate insiders.

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.