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 recipient of a significant drop in short interest in August. As of August 15th, there was short interest totaling 2,220,000 shares, adropof34.9% from the July 31st total of 3,410,000 shares. Based on an average daily trading volume, of 913,800 shares, the days-to-cover ratio is presently 2.4 days. Approximately3.0% of the company's shares are short sold. Approximately3.0% 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.

Intapp Price Performance

Shares of INTA stock traded down $0.54 during trading on Friday, reaching $44.70. The company's stock had a trading volume of 493,879 shares, compared to its average volume of 1,371,264. Intapp has a 1-year low of $35.51 and a 1-year high of $77.74. The stock's 50-day moving average price is $43.29 and its 200 day moving average price is $52.12. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of -186.25, a P/E/G ratio of 19.05 and a beta of 0.74.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. Intapp had a negative net margin of 3.61% and a negative return on equity of 0.89%. The company had revenue of $135.04 million during the quarter, compared to analysts' expectations of $132.07 million. During the same quarter last year, the company posted $0.15 EPS. The firm's revenue was up 18.1% compared to the same quarter last year. Intapp has set its Q1 2026 guidance at 0.180-0.200 EPS. FY 2026 guidance at 1.090-1.130 EPS. On average, sell-side analysts anticipate that Intapp will post -0.14 EPS for the current fiscal year.

Intapp announced that its Board of Directors 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 buy up to 5.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Insider Activity at Intapp

In related news, insider David Benjamin Harrison sold 6,690 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $42.06, for a total value of $281,381.40. Following the completion of the sale, the insider owned 12,447 shares of the company's stock, valued at approximately $523,520.82. This represents a 34.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Thad Jampol sold 6,184 shares of Intapp stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $42.06, for a total transaction of $260,099.04. Following the transaction, the insider directly owned 882,402 shares in the company, valued at $37,113,828.12. This trade represents a 0.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,649 shares of company stock valued at $4,224,079 in the last three months. Company insiders own 13.02% of the company's stock.

Hedge Funds Weigh In On Intapp

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. grew its position in shares of Intapp by 610.4% during the second quarter. Osaic Holdings Inc. now owns 20,382 shares of the company's stock worth $1,052,000 after buying an additional 17,513 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Intapp by 81.1% during the 2nd quarter. Squarepoint Ops LLC now owns 116,269 shares of the company's stock worth $6,002,000 after acquiring an additional 52,067 shares in the last quarter. Caxton Associates LLP increased its position in shares of Intapp by 6.9% in the 2nd quarter. Caxton Associates LLP now owns 5,982 shares of the company's stock valued at $309,000 after purchasing an additional 388 shares during the last quarter. FORA Capital LLC raised its holdings in shares of Intapp by 51.3% in the 2nd quarter. FORA Capital LLC now owns 6,580 shares of the company's stock valued at $340,000 after purchasing an additional 2,232 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Intapp during the 2nd quarter worth $251,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Citigroup reduced their price target on shares of Intapp from $66.00 to $53.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 16th. Piper Sandler upgraded Intapp to a "neutral" rating and set a $55.00 price target for the company in a report on Tuesday, June 24th. Wall Street Zen downgraded Intapp from a "buy" rating to a "hold" rating in a research report on Saturday. UBS Group decreased their target price on shares of Intapp from $83.00 to $72.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Finally, Stifel Nicolaus dropped their price target 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. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Intapp presently has a consensus rating of "Hold" and an average target price of $60.63.

Intapp Company Profile

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.

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