Intapp (NASDAQ:INTA) Shares Up 10.5% – Time to Buy?

Intapp, Inc. (NASDAQ:INTA) shares shot up 10.5% during trading on Friday . The stock traded as high as $22.69 and last traded at $22.7730. 690,805 shares were traded during trading, a decline of 40% from the average session volume of 1,155,078 shares. The stock had previously closed at $20.60.

Analyst Ratings Changes

Several brokerages have commented on INTA. Citigroup increased their target price on Intapp from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded Intapp from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. Piper Sandler cut their target price on Intapp from $33.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, February 26th. UBS Group cut their target price on Intapp from $54.00 to $46.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Finally, Stifel Nicolaus cut their target price on Intapp from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Intapp currently has a consensus rating of “Hold” and an average target price of $34.57.

Intapp Stock Performance

The firm has a fifty day moving average price of $22.82 and a two-hundred day moving average price of $31.48. The stock has a market capitalization of $1.78 billion, a P/E ratio of -50.19 and a beta of 0.49.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The firm had revenue of $146.04 million for the quarter, compared to analysts’ expectations of $144.32 million. Intapp had a negative return on equity of 2.28% and a negative net margin of 6.48%.The company’s revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 EPS. Intapp has set its Q4 2026 guidance at 0.360-0.380 EPS and its FY 2026 guidance at 1.220-1.240 EPS. On average, research analysts anticipate that Intapp, Inc. will post -0.05 earnings per share for the current fiscal year.

Intapp declared that its board has authorized a stock repurchase plan on Tuesday, February 3rd that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 7.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Intapp

Several hedge funds and other institutional investors have recently modified their holdings of INTA. Vanguard Group Inc. lifted its position in Intapp by 0.4% during the third quarter. Vanguard Group Inc. now owns 6,804,903 shares of the company’s stock valued at $278,321,000 after purchasing an additional 25,702 shares in the last quarter. Bamco Inc. NY lifted its position in Intapp by 15.5% during the fourth quarter. Bamco Inc. NY now owns 3,327,989 shares of the company’s stock valued at $152,488,000 after purchasing an additional 447,039 shares in the last quarter. Capital World Investors lifted its position in Intapp by 3.5% during the fourth quarter. Capital World Investors now owns 2,992,169 shares of the company’s stock valued at $137,101,000 after purchasing an additional 100,000 shares in the last quarter. Jennison Associates LLC lifted its position in Intapp by 9.7% during the first quarter. Jennison Associates LLC now owns 2,008,826 shares of the company’s stock valued at $51,607,000 after purchasing an additional 177,201 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in Intapp by 143.7% during the third quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company’s stock valued at $77,365,000 after purchasing an additional 1,115,392 shares in the last quarter. 89.96% of the stock is owned by 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.