Intapp (NASDAQ:INTA) Shares Up 8.6% – Here’s Why

Intapp, Inc. (NASDAQ:INTA)’s stock price rose 8.6% during trading on Monday . The stock traded as high as $29.75 and last traded at $29.84. Approximately 181,314 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,092,495 shares. The stock had previously closed at $27.47.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Barclays increased their price objective on Intapp from $20.00 to $25.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Intapp in a report on Friday, June 5th. UBS Group reduced their price target on Intapp from $54.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. JPMorgan Chase & Co. decreased their price objective on Intapp from $58.00 to $47.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Finally, Citigroup boosted their price objective on Intapp from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $34.57.

Intapp Stock Performance

The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of -65.51, a PEG ratio of 4.17 and a beta of 0.47. The company has a 50-day moving average price of $24.49 and a 200-day moving average price of $26.24.

Intapp (NASDAQ:INTA) last issued its earnings results on Tuesday, May 5th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The business had revenue of $146.04 million for the quarter, compared to analyst estimates of $144.32 million. Intapp had a negative return on equity of 2.28% and a negative net margin of 6.48%.The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter last 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. On average, research analysts expect that Intapp, Inc. will post -0.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Intapp

In other news, insider Michele Murgel sold 14,591 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $25.02, for a total transaction of $365,066.82. Following the completion of the sale, the insider owned 233,632 shares in the company, valued at approximately $5,845,472.64. The trade was a 5.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 11.21% of the company’s stock.

Institutional Investors Weigh In On Intapp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Strive Financial Group LLC acquired a new position in Intapp in the fourth quarter valued at $28,000. Harbor Investment Advisory LLC acquired a new stake in shares of Intapp in the 2nd quarter valued at about $36,000. First Horizon Corp purchased a new position in Intapp during the 4th quarter worth approximately $44,000. Optiver Holding B.V. grew its stake in Intapp by 2,232.1% during the 1st quarter. Optiver Holding B.V. now owns 1,819 shares of the company’s stock worth $47,000 after buying an additional 1,741 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec increased its position in Intapp by 913.5% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company’s stock worth $48,000 after buying an additional 950 shares during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.