Intapp (NASDAQ:INTA) Trading 7.6% Higher – Time to Buy?

Shares of Intapp, Inc. (NASDAQ:INTA) traded up 7.6% during mid-day trading on Thursday . The stock traded as high as $43.23 and last traded at $43.4750. Approximately 72,617 shares changed hands during trading, a decline of 93% from the average daily volume of 1,044,971 shares. The stock had previously closed at $40.40.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on INTA shares. Zacks Research downgraded Intapp from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. dropped their price target on Intapp from $58.00 to $47.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Citigroup lifted their price target on Intapp from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Wall Street Zen upgraded Intapp from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Intapp in a report on Friday, June 5th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $37.86.

Intapp Stock Up 6.2%

The business’s fifty day moving average price is $31.25 and its 200 day moving average price is $26.18. The firm has a market capitalization of $3.28 billion, a PE ratio of -82.51, a PEG ratio of 15.72 and a beta of 0.42.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. The firm had revenue of $152.53 million for the quarter, compared to analyst estimates of $149.75 million. Intapp had a negative return on equity of 3.30% and a negative net margin of 7.15%.The business’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the company posted $0.27 earnings per share. 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, analysts anticipate that Intapp, Inc. will post 0.07 earnings per share for the current year.

Insider Activity at Intapp

In other news, CMO Dustin De Forest Sedgwick sold 1,474 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $41.21, for a total transaction of $60,743.54. Following the completion of the sale, the chief marketing officer owned 22,112 shares in the company, valued at $911,235.52. This represents a 6.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John T. Hall sold 65,802 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $41.20, for a total value of $2,711,042.40. Following the sale, the chief executive officer directly owned 5,814,808 shares of the company’s stock, valued at approximately $239,570,089.60. This represents a 1.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 94,491 shares of company stock worth $3,650,613 in the last ninety days. Company insiders own 11.21% of the company’s stock.

Hedge Funds Weigh In On Intapp

Several institutional investors have recently bought and sold shares of the company. Strive Financial Group LLC acquired a new stake in shares of Intapp in the 4th quarter worth $28,000. Federation des caisses Desjardins du Quebec boosted its holdings 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 valued at $48,000 after acquiring an additional 950 shares in the last quarter. Allworth Financial LP acquired a new position in shares of Intapp during the second quarter worth about $33,000. Harbor Investment Advisory LLC acquired a new position in shares of Intapp during the second quarter worth about $36,000. Finally, State of Wyoming raised its holdings in Intapp by 75.7% during the fourth quarter. State of Wyoming now owns 1,597 shares of the company’s stock worth $73,000 after purchasing an additional 688 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

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.