Intapp (NASDAQ:INTA) Trading Up 5.5% – Here’s Why

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Citigroup upped their target price on Intapp from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Wall Street Zen upgraded shares of Intapp from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Intapp in a research note on Friday, June 5th. JPMorgan Chase & Co. reduced their target price on shares of Intapp from $58.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Finally, Truist Financial lifted their target price on shares of Intapp from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Four investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $37.86.

Intapp Trading Up 0.9%

The firm’s 50 day simple moving average is $29.48 and its 200 day simple moving average is $25.78. The firm has a market cap of $3.07 billion, a PE ratio of -77.10, a PEG ratio of 15.34 and a beta of 0.42.

Intapp (NASDAQ:INTA) last posted its earnings results on Tuesday, August 4th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. Intapp had a negative return on equity of 3.30% and a negative net margin of 7.15%.The firm had revenue of $152.53 million during the quarter, compared to the consensus estimate of $149.75 million. During the same period in the prior year, the company earned $0.27 EPS. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. As a group, equities research analysts predict that Intapp, Inc. will post 0.07 earnings per share for the current fiscal year.

Insider Transactions at Intapp

In other Intapp news, insider Michele Murgel sold 14,591 shares of Intapp stock in a transaction on Friday, June 26th. The shares were sold at an average price of $25.02, for a total transaction of $365,066.82. Following the completion of the transaction, the insider directly owned 233,632 shares of the company’s stock, valued at $5,845,472.64. The trade was a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Intapp

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Intapp during the second quarter worth $133,660,000. Bamco Inc. NY boosted its stake in shares of Intapp by 15.5% during the fourth quarter. Bamco Inc. NY now owns 3,327,989 shares of the company’s stock valued at $152,488,000 after purchasing an additional 447,039 shares in the last quarter. Capital World Investors boosted its position in Intapp by 3.5% during the 4th quarter. Capital World Investors now owns 2,992,169 shares of the company’s stock valued at $137,101,000 after acquiring an additional 100,000 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Intapp by 5.8% in the 2nd quarter. Wellington Management Group LLP now owns 2,046,759 shares of the company’s stock valued at $51,599,000 after acquiring an additional 112,735 shares during the period. Finally, Jennison Associates LLC boosted 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 in the last quarter. 89.96% of the stock is owned by institutional investors.

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.