Norges Bank Makes New $32.30 Million Investment in Intapp, Inc. $INTA

Norges Bank purchased a new position in Intapp, Inc. (NASDAQ:INTA) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 704,977 shares of the company’s stock, valued at approximately $32,302,000. Norges Bank owned approximately 0.88% of Intapp at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INTA. First Horizon Corp bought a new stake in Intapp in the fourth quarter worth about $44,000. Advisory Services Network LLC bought a new stake in Intapp in the third quarter worth about $66,000. Assetmark Inc. raised its holdings in Intapp by 33.2% during the 3rd quarter. Assetmark Inc. now owns 1,765 shares of the company’s stock worth $72,000 after buying an additional 440 shares during the period. Russell Investments Group Ltd. raised its holdings in Intapp by 208.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,848 shares of the company’s stock worth $95,000 after buying an additional 1,248 shares during the period. Finally, Canada Pension Plan Investment Board raised its holdings in Intapp by 428.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,700 shares of the company’s stock worth $191,000 after buying an additional 3,000 shares during the period. 89.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Citigroup boosted their price objective on Intapp from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Oppenheimer restated a “market perform” rating on shares of Intapp in a report on Thursday, February 26th. Barclays boosted their price objective on Intapp from $20.00 to $25.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Piper Sandler cut their price objective on Intapp from $33.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, February 26th. Finally, Wall Street Zen upgraded Intapp from a “hold” rating to a “buy” rating in a report on Sunday, May 17th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Intapp has a consensus rating of “Hold” and an average target price of $34.57.

Intapp Price Performance

Shares of INTA opened at $24.22 on Tuesday. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of -52.65 and a beta of 0.49. Intapp, Inc. has a fifty-two week low of $19.01 and a fifty-two week high of $58.79. The business’s 50-day moving average is $22.77 and its 200-day moving average is $30.68.

Intapp (NASDAQ:INTA) last issued its earnings results on Tuesday, May 5th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $146.04 million for the quarter, compared to the consensus estimate of $144.32 million. Intapp had a negative return on equity of 2.28% and a negative net margin of 6.48%.The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 EPS. Intapp has set its Q4 2026 guidance at 0.360-0.380 EPS and its FY 2026 guidance at 1.220-1.240 EPS. Equities research analysts expect that Intapp, Inc. will post -0.05 earnings per share for the current fiscal year.

About Intapp

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.