Jennison Associates LLC Purchases 65,174 Shares of Intapp, Inc. $INTA

Jennison Associates LLC increased its position in Intapp, Inc. (NASDAQ:INTA) by 3.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,831,625 shares of the company’s stock after buying an additional 65,174 shares during the quarter. Jennison Associates LLC’s holdings in Intapp were worth $83,925,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of INTA. First Horizon Corp bought a new position in shares of Intapp in the 4th quarter worth $44,000. Blue Trust Inc. lifted its holdings in shares of Intapp by 27.9% in the 3rd quarter. Blue Trust Inc. now owns 1,421 shares of the company’s stock worth $58,000 after purchasing an additional 310 shares in the last quarter. CWM LLC lifted its holdings in shares of Intapp by 77.8% in the 3rd quarter. CWM LLC now owns 1,604 shares of the company’s stock worth $66,000 after purchasing an additional 702 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Intapp in the 3rd quarter worth $66,000. Finally, Assetmark Inc. lifted its stake in Intapp by 33.2% during the 3rd quarter. Assetmark Inc. now owns 1,765 shares of the company’s stock valued at $72,000 after acquiring an additional 440 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

INTA has been the topic of several recent analyst reports. Piper Sandler dropped their price objective on Intapp from $33.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, February 26th. Truist Financial set a $35.00 price objective on Intapp in a research note on Wednesday, February 4th. Barclays dropped their price objective on Intapp from $35.00 to $20.00 and set an “underweight” rating on the stock in a research note on Monday, April 13th. JPMorgan Chase & Co. dropped their price objective on Intapp from $70.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Finally, Citigroup dropped their price objective on Intapp from $49.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $36.43.

Intapp Trading Down 3.2%

Shares of NASDAQ:INTA opened at $22.45 on Friday. The stock’s fifty day simple moving average is $23.91 and its two-hundred day simple moving average is $33.74. Intapp, Inc. has a 1-year low of $19.24 and a 1-year high of $59.10. The stock has a market cap of $1.80 billion, a PE ratio of -74.83, a price-to-earnings-growth ratio of 82.86 and a beta of 0.64.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07. Intapp had a negative return on equity of 0.62% and a negative net margin of 4.37%.The firm had revenue of $140.21 million during the quarter, compared to analyst estimates of $138.20 million. During the same period last year, the firm posted $0.21 EPS. The business’s revenue was up 15.7% compared to the same quarter last year. Intapp has set its FY 2026 guidance at 1.200-1.240 EPS and its Q3 2026 guidance at 0.270-0.290 EPS. On average, sell-side analysts forecast that Intapp, Inc. will post 0.01 earnings per share for the current fiscal year.

Intapp announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 3rd that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to purchase up to 7.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

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.