Intapp (NASDAQ:INTA) Trading Up 7.6% – Time to Buy?

Intapp, Inc. (NASDAQ:INTA) shot up 7.6% during mid-day trading on Thursday . The company traded as high as $43.23 and last traded at $43.4750. Approximately 72,617 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 1,044,971 shares. The stock had previously closed at $40.40.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price objective 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. Zacks Research lowered shares of Intapp from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Barclays boosted their price target on shares of Intapp from $25.00 to $29.00 and gave the company an “underweight” rating in a report on Wednesday, August 5th. Citigroup upped their price target on shares of Intapp from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Truist Financial increased their price objective on Intapp from $35.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $37.86.

Intapp Price Performance

The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of -83.60, a PEG ratio of 16.87 and a beta of 0.42. The stock’s 50 day simple moving average is $32.11 and its 200-day simple moving average is $26.44.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. Intapp had a negative net margin of 7.15% and a negative return on equity of 3.30%. The business had revenue of $152.53 million for the quarter, compared to the consensus estimate of $149.75 million. During the same quarter last year, the firm earned $0.27 EPS. Intapp’s revenue for the quarter was up 13.0% on a year-over-year basis. 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 anticipate that Intapp, Inc. will post 0.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CMO Dustin De Forest Sedgwick sold 1,474 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $41.21, for a total value of $60,743.54. Following the transaction, the chief marketing officer directly owned 22,112 shares of the company’s stock, valued at approximately $911,235.52. This trade represents a 6.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John T. Hall sold 65,802 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $41.20, for a total value of $2,711,042.40. Following the completion of the sale, the chief executive officer owned 5,814,808 shares of the company’s stock, valued at approximately $239,570,089.60. This trade represents a 1.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 94,491 shares of company stock valued at $3,650,613. 11.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intapp

A number of institutional investors have recently modified their holdings of INTA. Amundi boosted its holdings in shares of Intapp by 24.0% during the 2nd quarter. Amundi now owns 32,292 shares of the company’s stock worth $814,000 after buying an additional 6,245 shares during the period. California State Teachers Retirement System raised its holdings in Intapp by 2,361.0% in the 2nd quarter. California State Teachers Retirement System now owns 1,879,103 shares of the company’s stock worth $47,372,000 after acquiring an additional 1,802,749 shares during the period. AXQ Capital LP acquired a new position in Intapp during the 2nd quarter worth $205,000. Thrive Wealth Management LLC acquired a new position in Intapp during the 2nd quarter worth $243,000. Finally, Hsbc Holdings PLC bought a new stake in Intapp during the second quarter valued at about $287,000. 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.