Commerce Bank Makes New Investment in Intapp, Inc. $INTA

Commerce Bank acquired a new position in Intapp, Inc. (NASDAQ:INTA) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,788 shares of the company’s stock, valued at approximately $297,000.

Other large investors also recently modified their holdings of the company. Strive Financial Group LLC purchased a new stake in Intapp in the 4th quarter worth $28,000. Allworth Financial LP purchased a new position in shares of Intapp in the second quarter valued at about $33,000. Harbor Investment Advisory LLC purchased a new position in shares of Intapp in the second quarter valued at about $36,000. Optiver Holding B.V. boosted its stake in shares of Intapp by 2,232.1% in the first quarter. Optiver Holding B.V. now owns 1,819 shares of the company’s stock worth $47,000 after acquiring an additional 1,741 shares during the period. Finally, Federation des caisses Desjardins du Quebec boosted its stake in shares of Intapp by 913.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company’s stock worth $48,000 after acquiring an additional 950 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Insider Transactions at Intapp

In other Intapp news, insider Michele Murgel sold 14,591 shares of the company’s stock in a transaction that occurred 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 directly owned 233,632 shares in the company, valued at $5,845,472.64. This represents a 5.88% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 the firm’s stock in a transaction that occurred 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 completion of the sale, the chief marketing officer directly owned 22,112 shares of the company’s stock, valued at $911,235.52. The trade was a 6.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 94,491 shares of company stock worth $3,650,613 in the last quarter. Company insiders own 11.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Intapp from $58.00 to $47.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Piper Sandler boosted their price target on Intapp from $25.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Barclays upped their price target on Intapp from $25.00 to $29.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 5th. Zacks Research lowered shares of Intapp from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Intapp in a research report on Friday, June 5th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.86.

Intapp Stock Down 0.5%

Intapp stock opened at $43.47 on Friday. Intapp, Inc. has a 52-week low of $19.01 and a 52-week high of $47.93. The firm’s fifty day moving average is $32.11 and its 200 day moving average is $26.44. The company has a market cap of $3.33 billion, a price-to-earnings ratio of -83.60, a PEG ratio of 16.87 and a beta of 0.42.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.41 EPS 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 3.30%. 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 business’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, equities research analysts anticipate that Intapp, Inc. will post 0.07 earnings per share for the current fiscal year.

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.