Edgestream Partners L.P. Increases Stock Position in Intapp, Inc. $INTA

Edgestream Partners L.P. lifted its stake in Intapp, Inc. (NASDAQ:INTA) by 52.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 170,633 shares of the company’s stock after acquiring an additional 58,357 shares during the quarter. Edgestream Partners L.P. owned 0.21% of Intapp worth $8,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in INTA. CWM LLC boosted its holdings in Intapp by 27.0% in the first quarter. CWM LLC now owns 1,003 shares of the company’s stock worth $59,000 after purchasing an additional 213 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Intapp by 3.5% during the 1st quarter. Hsbc Holdings PLC now owns 8,001 shares of the company’s stock valued at $465,000 after buying an additional 272 shares during the period. REAP Financial Group LLC boosted its stake in shares of Intapp by 218.5% in the 2nd quarter. REAP Financial Group LLC now owns 481 shares of the company’s stock worth $25,000 after buying an additional 330 shares during the last quarter. Diversified Trust Co grew its holdings in shares of Intapp by 5.5% in the second quarter. Diversified Trust Co now owns 7,798 shares of the company’s stock worth $403,000 after acquiring an additional 409 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Intapp by 3.9% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 12,192 shares of the company’s stock worth $629,000 after acquiring an additional 463 shares during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on INTA. Piper Sandler set a $42.00 target price on Intapp and gave the stock a “neutral” rating in a research report on Monday, October 20th. UBS Group dropped their price objective on shares of Intapp from $72.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Intapp in a research report on Monday, November 24th. Citigroup decreased their price target on shares of Intapp from $53.00 to $49.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. Finally, Barclays dropped their price target on shares of Intapp from $47.00 to $43.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 14th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Intapp has an average rating of “Hold” and a consensus target price of $54.86.

Intapp Price Performance

Shares of NASDAQ:INTA opened at $43.22 on Monday. Intapp, Inc. has a 1-year low of $35.51 and a 1-year high of $77.74. The company has a market capitalization of $3.54 billion, a P/E ratio of -120.05, a P/E/G ratio of 72.63 and a beta of 0.69. The firm’s 50 day simple moving average is $40.14 and its two-hundred day simple moving average is $44.95.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. Intapp had a negative net margin of 5.35% and a negative return on equity of 1.58%. The firm had revenue of $139.03 million during the quarter, compared to analysts’ expectations of $135.34 million. During the same period in the prior year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. Intapp has set its FY 2026 guidance at 1.150-1.190 EPS. Q2 2026 guidance at 0.250-0.270 EPS. On average, sell-side analysts anticipate 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 plan on Tuesday, August 12th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 5.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Intapp

In other news, CFO David H. Morton, Jr. sold 10,000 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $40.76, for a total value of $407,600.00. Following the transaction, the chief financial officer directly owned 43,765 shares in the company, valued at $1,783,861.40. The trade was a 18.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Donald F. Coleman sold 1,520 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $45.21, for a total value of $68,719.20. Following the sale, the chief operating officer owned 442,061 shares of the company’s stock, valued at $19,985,577.81. This represents a 0.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 33,763 shares of company stock valued at $1,382,944 over the last ninety days. 11.21% of the stock is currently owned by company insiders.

Intapp Profile

Intapp, Inc, through its subsidiary, Integration Appliance, Inc, provides industry-specific cloud-based software solutions for the professional and financial services industry in the United States, the United Kingdom, and internationally. Its solutions include DealCloud, a deal and relationship management solution that manages financial services firms' market relationships, prospective clients and investments, current engagements and deal processes, and operations and compliance activities; collaboration and content solutions, including Intapp documents, an engagement-centric document management system, and Intapp workspaces; risk and compliance management solutions, such as Intapp conflicts, Intapp intake, Intapp terms, Intapp walls, and Intapp employee compliance; and operational and financial management solutions comprising Intapp Billstream, a cloud-based automated proforma invoice solution, Intapp time, and Intapp terms.