Intapp (NASDAQ:INTA) Stock Price Up 7.4% – Here’s Why

Intapp, Inc. (NASDAQ:INTA) shares shot up 7.4% during trading on Friday . The stock traded as high as $23.42 and last traded at $23.6390. 112,338 shares changed hands during trading, a decline of 90% from the average daily volume of 1,143,833 shares. The stock had previously closed at $22.02.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Intapp in a research note on Friday, June 5th. UBS Group lowered their price target on Intapp from $54.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Barclays upped their price objective on Intapp from $20.00 to $25.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Oppenheimer reaffirmed a “market perform” rating on shares of Intapp in a research note on Thursday, February 26th. Finally, Piper Sandler decreased their target price on Intapp from $33.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, February 26th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Intapp currently has an average rating of “Hold” and a consensus price target of $34.57.

Intapp Stock Up 9.6%

The business’s 50 day simple moving average is $22.54 and its two-hundred day simple moving average is $28.88. The stock has a market cap of $1.86 billion, a P/E ratio of -52.47 and a beta of 0.49.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Intapp had a negative return on equity of 2.28% and a negative net margin of 6.48%.The company had revenue of $146.04 million during the quarter, compared to analysts’ expectations of $144.32 million. During the same period in the prior year, the company earned $0.26 EPS. Intapp’s revenue was up 13.1% compared to the same quarter last year. Intapp has set its Q4 2026 guidance at 0.360-0.380 EPS and its FY 2026 guidance at 1.220-1.240 EPS. As a group, research analysts forecast that Intapp, Inc. will post -0.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intapp

Hedge funds have recently modified their holdings of the business. Wellington Management Group LLP grew its stake in shares of Intapp by 143.7% in the third quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company’s stock worth $77,365,000 after purchasing an additional 1,115,392 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in Intapp during the 3rd quarter worth about $45,349,000. Barclays PLC lifted its holdings in Intapp by 1,160.6% during the 4th quarter. Barclays PLC now owns 1,094,989 shares of the company’s stock worth $50,172,000 after buying an additional 1,008,128 shares during the period. Norges Bank bought a new stake in shares of Intapp in the 4th quarter valued at about $32,302,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Intapp by 103.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,212,052 shares of the company’s stock valued at $55,536,000 after buying an additional 617,649 shares during the last quarter. Institutional investors and hedge funds 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.