Intapp (NASDAQ:INTA) Trading 7.6% Higher - Still a Buy?

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

Analysts Set New Price Targets

Several analysts have recently issued reports on INTA shares. Citigroup increased their price target on shares of Intapp from $26.00 to $29.00 and gave the stock a "neutral" rating in a research 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. Piper Sandler upped their target price on shares of Intapp from $25.00 to $34.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Zacks Research lowered shares of Intapp from a "hold" rating to a "strong sell" rating in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Intapp from $58.00 to $47.00 and set an "overweight" rating for the company in a research report on Wednesday, May 6th. Four 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's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $37.86.

Intapp Trading Up 6.2%

The firm has a market cap of $3.28 billion, a PE ratio of -82.51, a PEG ratio of 15.72 and a beta of 0.42. The firm has a 50 day moving average price of $31.25 and a 200-day moving average price of $26.18.

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

Insider Buying and Selling

In other news, CEO John T. Hall sold 65,802 shares of Intapp stock in a transaction on Monday, August 24th. The shares were sold at an average price of $41.20, for a total transaction of $2,711,042.40. Following the completion of the sale, the chief executive officer directly owned 5,814,808 shares of the company's stock, valued at approximately $239,570,089.60. The trade was a 1.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michele Murgel sold 14,591 shares of the business's stock in a transaction 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 transaction, the insider owned 233,632 shares of the company's stock, valued at approximately $5,845,472.64. The trade was a 5.88% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 94,491 shares of company stock worth $3,650,613. Corporate insiders own 11.21% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Strive Financial Group LLC acquired a new position in Intapp in the fourth quarter valued at approximately $28,000. Federation des caisses Desjardins du Quebec boosted its holdings in shares of Intapp by 913.5% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company's stock valued at $48,000 after buying an additional 950 shares in the last quarter. Allworth Financial LP acquired a new position in shares of Intapp in the 2nd quarter valued at $33,000. Harbor Investment Advisory LLC purchased a new position in shares of Intapp in the 2nd quarter valued at $36,000. Finally, State of Wyoming raised its stake in Intapp by 75.7% during the 4th quarter. State of Wyoming now owns 1,597 shares of the company's stock worth $73,000 after acquiring an additional 688 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

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.

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