Intapp (NASDAQ:INTA) Shares Up 5.5% - Should You Buy?

Key Points

• Intapp shares rose 5.5% to about $40.61, though trading volume was 87% below the average. The stock is trading above the analysts’ average price target of $37.86.
• Analyst sentiment is mixed, with four Buy, three Hold and three Sell ratings; the overall consensus is Hold. Recent price targets range from $29 to $47 after several firms revised their targets.
• Intapp exceeded quarterly expectations, reporting EPS of $0.41 versus $0.36 expected and revenue of $152.53 million, up 13% year over year. However, the company posted a negative net margin and return on equity, while institutional investors own nearly 90% of the stock.

Intapp, Inc. (NASDAQ:INTA - Get Free Report)'s share price was 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 changed hands during mid-day trading, a decline of 87% from the average daily volume of 1,065,425 shares. The stock had previously closed at $38.49.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on INTA. JPMorgan Chase & Co. cut their price target on Intapp from $58.00 to $47.00 and set an "overweight" rating for the company in a report on Wednesday, May 6th. UBS Group lowered their price objective on Intapp from $54.00 to $46.00 and set a "buy" rating on the stock in a research report on Thursday, April 23rd. Truist Financial increased their target price on shares of Intapp from $35.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Weiss Ratings restated a "sell (e+)" rating on shares of Intapp in a research note on Friday, June 5th. Finally, Citigroup lifted their price target on shares of Intapp from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $37.86.

Intapp Stock Performance

The business's fifty day simple moving average is $28.84 and its 200-day simple moving average is $25.71. The firm has a market capitalization of $3.12 billion, a PE ratio of -78.04, a price-to-earnings-growth ratio of 15.49 and a beta of 0.42.

Intapp (NASDAQ:INTA - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.05. Intapp had a negative return on equity of 3.12% and a negative net margin of 7.15%.The firm had revenue of $152.53 million for the quarter, compared to analysts' expectations of $149.75 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The business's 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. Sell-side analysts expect that Intapp, Inc. will post 0.07 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Michele Murgel sold 14,591 shares of the stock in a transaction that occurred on Friday, June 26th. The stock was 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 in the company, valued at approximately $5,845,472.64. This represents a 5.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On Intapp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Intapp in the 2nd quarter worth approximately $133,660,000. Bamco Inc. NY purchased a new stake in Intapp during the 2nd quarter valued at $50,184,000. Wellington Management Group LLP lifted its position in Intapp by 143.7% in the third quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company's stock worth $77,365,000 after buying an additional 1,115,392 shares during the last quarter. Barclays PLC boosted its stake in Intapp by 1,160.6% during the fourth quarter. Barclays PLC now owns 1,094,989 shares of the company's stock worth $50,172,000 after buying an additional 1,008,128 shares during the period. Finally, Praesidium Investment Management Company LLC bought a new position in Intapp during the second quarter valued at $19,761,311,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

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.

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