Intapp, Inc. (NASDAQ:INTA) Short Interest Update

Intapp, Inc. (NASDAQ:INTA) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 3,182,593 shares, a growth of 26.6% from the February 12th total of 2,513,581 shares. Based on an average trading volume of 1,385,035 shares, the days-to-cover ratio is presently 2.3 days. Currently, 4.5% of the company’s shares are short sold. Currently, 4.5% of the company’s shares are short sold. Based on an average trading volume of 1,385,035 shares, the days-to-cover ratio is presently 2.3 days.

Insider Transactions at Intapp

In other news, CEO John T. Hall sold 8,000 shares of the stock in a transaction on Monday, December 29th. The shares were sold at an average price of $47.48, for a total value of $379,840.00. Following the completion of the sale, the chief executive officer owned 5,711,668 shares of the company’s stock, valued at $271,189,996.64. This represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 11.21% of the company’s stock.

Institutional Trading of Intapp

A number of hedge funds and other institutional investors have recently made changes to their positions in INTA. Strive Financial Group LLC bought a new stake in shares of Intapp during the 4th quarter worth approximately $28,000. First Horizon Corp bought a new position in Intapp in the 4th quarter valued at about $44,000. Federation des caisses Desjardins du Quebec raised 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 valued at $48,000 after purchasing an additional 950 shares in the last quarter. Blue Trust Inc. boosted its stake in Intapp by 27.9% in the third quarter. Blue Trust Inc. now owns 1,421 shares of the company’s stock valued at $58,000 after buying an additional 310 shares in the last quarter. Finally, CWM LLC boosted its position in Intapp by 77.8% in the third quarter. CWM LLC now owns 1,604 shares of the company’s stock valued at $66,000 after buying an additional 702 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on INTA shares. Piper Sandler reduced their price target on shares of Intapp from $33.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, February 26th. JPMorgan Chase & Co. decreased their price target on Intapp from $70.00 to $58.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Intapp in a report on Monday, December 29th. UBS Group set a $54.00 price objective on shares of Intapp in a research note on Wednesday, February 4th. Finally, Citigroup dropped their price target on Intapp from $49.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.71.

Intapp Price Performance

Shares of INTA traded up $1.00 on Friday, reaching $25.65. 1,060,133 shares of the stock traded hands, compared to its average volume of 1,496,922. Intapp has a 12 month low of $19.24 and a 12 month high of $64.31. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of -85.50, a P/E/G ratio of 112.36 and a beta of 0.74. The stock’s 50-day moving average price is $30.67 and its 200-day moving average price is $38.26.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. Intapp had a negative return on equity of 0.62% and a negative net margin of 4.37%.The firm had revenue of $140.21 million during the quarter, compared to analysts’ expectations of $138.20 million. During the same period last year, the firm posted $0.21 EPS. The business’s revenue was up 15.7% on a year-over-year basis. Intapp has set its FY 2026 guidance at 1.200-1.240 EPS and its Q3 2026 guidance at 0.270-0.290 EPS. As a group, equities research analysts forecast that Intapp will post -0.14 earnings per share for the current fiscal year.

Intapp announced that its board has approved a share buyback program on Tuesday, February 3rd that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 7.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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.