Simplicity Wealth LLC Acquires New Stake in Intapp, Inc. $INTA

Simplicity Wealth LLC purchased a new position in shares of Intapp, Inc. (NASDAQ:INTA) during the second quarter, HoldingsChannel reports. The firm purchased 19,982 shares of the company’s stock, valued at approximately $504,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INTA. Natixis Advisors LLC grew its stake in shares of Intapp by 2.2% during the 3rd quarter. Natixis Advisors LLC now owns 11,603 shares of the company’s stock worth $475,000 after purchasing an additional 250 shares during the period. Caxton Associates LLP boosted its holdings in Intapp by 6.9% during the second quarter. Caxton Associates LLP now owns 5,982 shares of the company’s stock worth $309,000 after buying an additional 388 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Intapp by 9.3% during the first quarter. PNC Financial Services Group Inc. now owns 5,652 shares of the company’s stock worth $145,000 after buying an additional 483 shares in the last quarter. Strive Financial Group LLC acquired a new position in Intapp during the fourth quarter worth about $28,000. Finally, State of Wyoming increased its holdings in Intapp by 75.7% in the fourth quarter. State of Wyoming now owns 1,597 shares of the company’s stock valued at $73,000 after buying an additional 688 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Intapp Price Performance

Shares of NASDAQ INTA opened at $38.49 on Tuesday. Intapp, Inc. has a 12-month low of $19.01 and a 12-month high of $47.93. The company has a market capitalization of $2.96 billion, a PE ratio of -74.02, a price-to-earnings-growth ratio of 15.49 and a beta of 0.42. The firm’s 50-day moving average is $28.84 and its two-hundred day moving average is $25.71.

Intapp (NASDAQ:INTA) last issued 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 3.12%. The business had revenue of $152.53 million during the quarter, compared to analysts’ expectations of $149.75 million. During the same period last year, the company posted $0.27 EPS. The company’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. On average, analysts forecast that Intapp, Inc. will post 0.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Intapp from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. dropped their price objective on Intapp from $58.00 to $47.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Barclays lifted their price objective on Intapp from $25.00 to $29.00 and gave the stock an “underweight” rating in a report on Wednesday, August 5th. Piper Sandler boosted their target price on Intapp from $25.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Intapp in a report 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 data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $37.86.

Insider Buying and Selling

In other Intapp news, insider Michele Murgel sold 14,591 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of $25.02, for a total transaction of $365,066.82. Following the sale, the insider owned 233,632 shares in the company, valued at approximately $5,845,472.64. This represents a 5.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.21% of the company’s stock.

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.