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

Key Points

• Intapp, Inc. saw a significant decrease in short interest, with a drop of 34.9% in August, bringing the total to 2,220,000 shares.
• The company's quarterly earnings report indicated an 18.1% revenue increase year-over-year, with EPS of $0.27, surpassing analyst expectations.
• Intapp's Board of Directors has authorized a stock buyback program worth $150 million, reflecting confidence in the company's stock value.

Intapp, Inc. (NASDAQ:INTA - Get Free Report) was the target of a large drop in short interest in the month of August. As of August 15th, there was short interest totaling 2,220,000 shares, a drop of 34.9% from the July 31st total of 3,410,000 shares. Approximately 3.0% of the company's shares are short sold. Based on an average daily trading volume, of 913,800 shares, the days-to-cover ratio is presently 2.4 days. Based on an average daily trading volume, of 913,800 shares, the days-to-cover ratio is presently 2.4 days. Approximately 3.0% of the company's shares are short sold.

Intapp Stock Down 0.5%

Shares of NASDAQ:INTA traded down $0.24 during trading on Friday, hitting $45.16. 1,229,289 shares of the company were exchanged, compared to its average volume of 900,386. Intapp has a fifty-two week low of $35.51 and a fifty-two week high of $77.74. The firm has a fifty day moving average price of $42.97 and a two-hundred day moving average price of $51.62.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. The firm had revenue of $135.04 million for the quarter, compared to analyst estimates of $132.07 million. Intapp had a negative return on equity of 0.89% and a negative net margin of 3.61%.The business's quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.15 EPS. Intapp has set its Q1 2026 guidance at 0.180-0.200 EPS. FY 2026 guidance at 1.090-1.130 EPS. Equities research analysts expect that Intapp will post -0.14 earnings per share for the current fiscal year.

Intapp declared that its board has authorized a stock buyback program on Tuesday, August 12th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 5.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Intapp

In other Intapp news, CEO John T. Hall sold 8,000 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $43.46, for a total value of $347,680.00. Following the completion of the transaction, the chief executive officer directly owned 5,598,775 shares of the company's stock, valued at approximately $243,322,761.50. The trade was 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 accessible through the SEC website. Also, insider Michele Murgel sold 2,604 shares of Intapp stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $41.80, for a total value of $108,847.20. Following the transaction, the insider owned 221,918 shares in the company, valued at $9,276,172.40. This trade represents a 1.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 99,649 shares of company stock worth $4,224,079 in the last three months. 13.02% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in INTA. The Manufacturers Life Insurance Company increased its holdings in shares of Intapp by 22.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 30,510 shares of the company's stock worth $1,955,000 after acquiring an additional 5,695 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Intapp by 36.7% during the 4th quarter. Northern Trust Corp now owns 526,987 shares of the company's stock worth $33,775,000 after acquiring an additional 141,352 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Intapp by 28.1% during the 4th quarter. Jane Street Group LLC now owns 40,380 shares of the company's stock worth $2,588,000 after acquiring an additional 8,857 shares during the last quarter. Algert Global LLC increased its holdings in shares of Intapp by 177.9% during the 4th quarter. Algert Global LLC now owns 27,204 shares of the company's stock worth $1,744,000 after acquiring an additional 17,414 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of Intapp during the 4th quarter worth approximately $12,627,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on INTA shares. Stifel Nicolaus lowered their price objective on shares of Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, July 8th. Piper Sandler raised shares of Intapp to a "neutral" rating and set a $55.00 price objective on the stock in a research report on Tuesday, June 24th. Citigroup reduced their price objective on Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a research report on Wednesday, July 16th. Wall Street Zen cut Intapp from a "buy" rating to a "hold" rating in a research note on Saturday, September 6th. Finally, Barclays raised their price target on shares of Intapp from $44.00 to $47.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 13th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $60.63.

About Intapp

Intapp, Inc, through its subsidiary, Integration Appliance, Inc, provides industry-specific cloud-based software solutions for the professional and financial services industry in the United States, the United Kingdom, and internationally. Its solutions include DealCloud, a deal and relationship management solution that manages financial services firms' market relationships, prospective clients and investments, current engagements and deal processes, and operations and compliance activities; collaboration and content solutions, including Intapp documents, an engagement-centric document management system, and Intapp workspaces; risk and compliance management solutions, such as Intapp conflicts, Intapp intake, Intapp terms, Intapp walls, and Intapp employee compliance; and operational and financial management solutions comprising Intapp Billstream, a cloud-based automated proforma invoice solution, Intapp time, and Intapp terms.