Intapp (NASDAQ:INTA) Stock Price Up 6.1% – Here’s What Happened

Intapp, Inc. (NASDAQ:INTA)’s share price traded up 6.1% during trading on Thursday . The stock traded as high as $25.45 and last traded at $25.3810. 59,182 shares traded hands during trading, a decline of 96% from the average session volume of 1,317,719 shares. The stock had previously closed at $23.93.

Wall Street Analysts Forecast Growth

INTA has been the subject of several research analyst reports. Citigroup reduced their price objective on Intapp from $49.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Piper Sandler dropped their price target on shares of Intapp from $33.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, February 26th. Wall Street Zen lowered shares of Intapp from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Intapp in a report on Monday, December 29th. Finally, Oppenheimer restated a “market perform” rating on shares of Intapp in a research report on Thursday, February 26th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Intapp has a consensus rating of “Hold” and a consensus price target of $39.71.

Intapp Price Performance

The business has a 50-day moving average of $27.24 and a 200 day moving average of $36.96. The company has a market cap of $1.98 billion, a PE ratio of -82.27, a PEG ratio of 110.39 and a beta of 0.73.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, topping 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 business had revenue of $140.21 million for the quarter, compared to analysts’ expectations of $138.20 million. During the same period last year, the firm posted $0.21 earnings per share. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. 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, equities analysts predict that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Intapp declared that its board has initiated a share repurchase program on Tuesday, February 3rd that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 7.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Intapp

In related news, CEO John T. Hall sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $47.48, for a total transaction of $379,840.00. Following the completion of the sale, the chief executive officer directly owned 5,711,668 shares in the company, valued at approximately $271,189,996.64. The trade was a 0.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 11.21% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Brown Capital Management LLC bought a new position in Intapp in the 3rd quarter worth $8,741,000. GW&K Investment Management LLC grew its holdings in Intapp by 12.8% during the third quarter. GW&K Investment Management LLC now owns 1,097,150 shares of the company’s stock valued at $44,874,000 after purchasing an additional 124,559 shares during the period. Capital World Investors increased its position in Intapp by 13.5% in the third quarter. Capital World Investors now owns 2,892,169 shares of the company’s stock worth $118,290,000 after buying an additional 343,914 shares in the last quarter. Edgestream Partners L.P. increased its position in Intapp by 52.0% in the second quarter. Edgestream Partners L.P. now owns 170,633 shares of the company’s stock worth $8,808,000 after buying an additional 58,357 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Intapp by 24.2% in the second quarter. New York State Common Retirement Fund now owns 408,502 shares of the company’s stock worth $21,087,000 after buying an additional 79,626 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.