Legal & General Group Plc Makes New Investment in Intapp, Inc. $INTA

Legal & General Group Plc bought a new position in shares of Intapp, Inc. (NASDAQ:INTA) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 52,175 shares of the company’s stock, valued at approximately $1,315,000.

A number of other institutional investors have also recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Intapp in the 2nd quarter valued at about $133,660,000. Bamco Inc. NY boosted its position in Intapp by 15.5% during the fourth quarter. Bamco Inc. NY now owns 3,327,989 shares of the company’s stock worth $152,488,000 after purchasing an additional 447,039 shares in the last quarter. Capital World Investors grew its holdings in Intapp by 3.5% in the fourth quarter. Capital World Investors now owns 2,992,169 shares of the company’s stock valued at $137,101,000 after purchasing an additional 100,000 shares during the period. Jennison Associates LLC grew its holdings in Intapp by 9.7% in the first quarter. Jennison Associates LLC now owns 2,008,826 shares of the company’s stock valued at $51,607,000 after purchasing an additional 177,201 shares during the period. Finally, Wellington Management Group LLP increased its position 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 valued at $77,365,000 after buying an additional 1,115,392 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO John Hall sold 65,802 shares of Intapp stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $41.20, for a total transaction of $2,711,042.40. Following the transaction, the chief executive officer owned 5,814,808 shares in the company, valued at approximately $239,570,089.60. This trade represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CMO Dustin Sedgwick sold 1,474 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $41.21, for a total value of $60,743.54. Following the transaction, the chief marketing officer directly owned 22,112 shares in the company, valued at $911,235.52. This trade represents a 6.25% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 94,491 shares of company stock valued at $3,650,613 in the last 90 days. 11.21% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Intapp in a research note on Wednesday. Zacks Research raised shares of Intapp from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Wall Street Zen raised shares of Intapp from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Barclays upped their price objective on shares of Intapp from $25.00 to $29.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 5th. Finally, Piper Sandler lifted their target price on shares of Intapp from $25.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Intapp has an average rating of “Hold” and a consensus target price of $37.86.

Intapp Stock Performance

Shares of NASDAQ INTA opened at $41.71 on Monday. The stock has a market cap of $3.19 billion, a PE ratio of -80.21, a P/E/G ratio of 16.10 and a beta of 0.45. Intapp, Inc. has a 12-month low of $19.01 and a 12-month high of $47.93. The company has a 50-day moving average of $34.08 and a 200 day moving average of $27.10.

Intapp (NASDAQ:INTA) last released its earnings results 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. The business had revenue of $152.53 million for the quarter, compared to analyst estimates of $149.75 million. Intapp had a negative net margin of 7.15% and a negative return on equity of 3.30%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period last year, the company posted $0.27 EPS. 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, sell-side analysts forecast that Intapp, Inc. will post 0.07 EPS 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.