Intapp (NASDAQ:INTA) Stock Price Up 5.5% – Should You Buy?

Intapp, Inc. (NASDAQ:INTA)’s share price shot up 5.5% on Tuesday . The company traded as high as $40.45 and last traded at $40.6060. Approximately 139,238 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 1,065,425 shares. The stock had previously closed at $38.49.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Citigroup boosted 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. Truist Financial raised their price target on Intapp from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. UBS Group cut their price objective on Intapp from $54.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Zacks Research lowered Intapp from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Finally, Wall Street Zen upgraded Intapp from a “hold” rating to a “buy” rating in a research report on Saturday. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $37.86.

Intapp Stock Performance

The firm has a fifty day simple moving average of $28.84 and a 200 day simple moving average of $25.71. The company has a market capitalization of $3.12 billion, a PE ratio of -78.04, a P/E/G ratio of 15.49 and a beta of 0.42.

Intapp (NASDAQ:INTA) last posted 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 business had revenue of $152.53 million for the quarter, compared to the consensus estimate of $149.75 million. Intapp had a negative return on equity of 3.12% and a negative net margin of 7.15%.The business’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 EPS. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. Research analysts expect that Intapp, Inc. will post 0.07 EPS for the current fiscal year.

Insider Transactions at Intapp

In other Intapp news, insider Michele Murgel sold 14,591 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $25.02, for a total transaction of $365,066.82. Following the transaction, the insider owned 233,632 shares of the company’s stock, valued at approximately $5,845,472.64. This trade represents a 5.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.21% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intapp

Hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Intapp during the second quarter valued at approximately $133,660,000. Bamco Inc. NY raised its stake in Intapp by 15.5% in the fourth quarter. Bamco Inc. NY now owns 3,327,989 shares of the company’s stock worth $152,488,000 after buying an additional 447,039 shares in the last quarter. Capital World Investors lifted its holdings in Intapp by 3.5% during the fourth quarter. Capital World Investors now owns 2,992,169 shares of the company’s stock worth $137,101,000 after buying an additional 100,000 shares during the period. Jennison Associates LLC boosted its position in Intapp by 9.7% during the 1st quarter. Jennison Associates LLC now owns 2,008,826 shares of the company’s stock valued at $51,607,000 after acquiring an additional 177,201 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in Intapp by 143.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company’s stock valued at $77,365,000 after acquiring an additional 1,115,392 shares in 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.