Intapp (NASDAQ:INTA) Trading 8.6% Higher – Should You Buy?

Intapp, Inc. (NASDAQ:INTA) shares rose 8.6% during mid-day trading on Monday . The company traded as high as $29.75 and last traded at $29.84. Approximately 181,314 shares changed hands 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.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Intapp in a research report on Friday, June 5th. Citigroup lifted their target price on Intapp from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Zacks Research upgraded shares of Intapp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 1st. Wall Street Zen downgraded shares of Intapp from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Intapp from $58.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Intapp presently has a consensus rating of “Hold” and an average target price of $34.57.

Intapp Price Performance

The stock has a market cap of $2.36 billion, a P/E ratio of -66.52, a price-to-earnings-growth ratio of 4.48 and a beta of 0.47. The stock’s 50-day moving average is $24.86 and its two-hundred day moving average is $26.03.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $146.04 million for the quarter, compared to the consensus estimate of $144.32 million. Intapp had a negative net margin of 6.48% and a negative return on equity of 2.28%. Intapp’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $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, analysts anticipate that Intapp, Inc. will post -0.06 EPS for the current fiscal year.

Insider Activity

In other news, insider Michele Murgel sold 14,591 shares of Intapp stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $25.02, for a total value of $365,066.82. Following the sale, the insider directly owned 233,632 shares of the company’s stock, valued at approximately $5,845,472.64. The trade was a 5.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.21% of the company’s stock.

Hedge Funds Weigh In On Intapp

Several institutional investors have recently added to or reduced their stakes in INTA. Bamco Inc. NY boosted its position in shares of Intapp by 15.5% during the 4th quarter. Bamco Inc. NY now owns 3,327,989 shares of the company’s stock valued at $152,488,000 after acquiring an additional 447,039 shares during the last quarter. Capital World Investors raised its stake in Intapp by 3.5% during the fourth quarter. Capital World Investors now owns 2,992,169 shares of the company’s stock valued at $137,101,000 after purchasing an additional 100,000 shares in the last quarter. Jennison Associates LLC lifted its position in Intapp by 9.7% during the first quarter. Jennison Associates LLC now owns 2,008,826 shares of the company’s stock valued at $51,607,000 after purchasing an additional 177,201 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Intapp by 143.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company’s stock worth $77,365,000 after buying an additional 1,115,392 shares in the last quarter. Finally, Praesidium Investment Management Company LLC increased its holdings in shares of Intapp by 5.7% in the 4th quarter. Praesidium Investment Management Company LLC now owns 1,841,850 shares of the company’s stock worth $84,394,000 after buying an additional 98,767 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.