Headlands Technologies LLC Decreases Stake in Intapp, Inc. $INTA

Headlands Technologies LLC lessened its stake in Intapp, Inc. (NASDAQ:INTA) by 26.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,636 shares of the company’s stock after selling 16,743 shares during the period. Headlands Technologies LLC’s holdings in Intapp were worth $1,201,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in INTA. Hsbc Holdings PLC bought a new stake in Intapp during the second quarter valued at $287,000. Wellington Management Group LLP lifted its position in Intapp by 5.8% in the 2nd quarter. Wellington Management Group LLP now owns 2,046,759 shares of the company’s stock valued at $51,599,000 after purchasing an additional 112,735 shares during the last quarter. Palogic Value Management L.P. acquired a new position in shares of Intapp during the second quarter worth approximately $631,000. Bamco Inc. NY acquired a new position in Intapp during the 2nd quarter valued at about $50,184,000. Finally, Bank of America Corp DE bought a new stake in Intapp during the second quarter worth approximately $12,344,000. 89.96% of the stock is currently owned by institutional investors.

Intapp Stock Down 0.2%

NASDAQ:INTA opened at $43.37 on Tuesday. The stock has a fifty day simple moving average of $32.54 and a 200 day simple moving average of $26.58. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of -83.40, a price-to-earnings-growth ratio of 16.78 and a beta of 0.42. Intapp, Inc. has a 1-year low of $19.01 and a 1-year high of $47.93.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.05. Intapp had a negative return on equity of 3.30% and a negative net margin of 7.15%.The firm had revenue of $152.53 million for the quarter, compared to the consensus estimate of $149.75 million. During the same quarter in the previous year, the company earned $0.27 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. Equities analysts predict that Intapp, Inc. will post 0.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

INTA has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Intapp from $58.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Citigroup upped their price target on shares of Intapp from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Wall Street Zen upgraded shares of Intapp from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Truist Financial lifted their price objective on shares of Intapp from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Barclays boosted their target price on shares of Intapp from $25.00 to $29.00 and gave the stock an “underweight” rating in a report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Intapp presently has a consensus rating of “Hold” and an average price target of $37.86.

Insider Buying and Selling

In other news, Director George R. Neble sold 2,624 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $40.00, for a total value of $104,960.00. Following the completion of the sale, the director owned 30,465 shares of the company’s stock, valued at $1,218,600. This trade represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 Intapp stock in a transaction 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 transaction, the chief marketing officer owned 22,112 shares in the company, valued at $911,235.52. This represents a 6.25% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 94,491 shares of company stock valued at $3,650,613. 11.21% of the stock is currently owned by company 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.