Intapp (NASDAQ:INTA) Shares Up 7.4% – Still a Buy?

Intapp, Inc. (NASDAQ:INTA) shot up 7.4% during mid-day trading on Friday . The company traded as high as $23.42 and last traded at $23.6390. Approximately 112,338 shares changed hands during trading, a decline of 90% from the average session volume of 1,143,833 shares. The stock had previously closed at $22.02.

Analyst Upgrades and Downgrades

A number of analysts recently commented on INTA shares. Wall Street Zen raised Intapp from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Citigroup raised their price target on Intapp from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Zacks Research lowered shares of Intapp from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Intapp in a report on Friday, June 5th. Finally, Barclays raised their target price on shares of Intapp from $20.00 to $25.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Intapp presently has an average rating of “Hold” and an average price target of $34.57.

Intapp Price Performance

The stock’s 50 day moving average is $22.58 and its 200-day moving average is $28.85. The company has a market capitalization of $1.93 billion, a P/E ratio of -54.37 and a beta of 0.49.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data 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. Intapp had a negative return on equity of 2.28% and a negative net margin of 6.48%.The business had revenue of $146.04 million for the quarter, compared to analysts’ expectations of $144.32 million. During the same period in the previous year, the firm posted $0.26 EPS. The business’s revenue was up 13.1% on a year-over-year basis. 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, equities research analysts anticipate that Intapp, Inc. will post -0.05 EPS for the current year.

Hedge Funds Weigh In On Intapp

Institutional investors have recently added to or reduced their stakes in the company. Strive Financial Group LLC bought a new stake in shares of Intapp during the 4th quarter valued at $28,000. First Horizon Corp purchased a new position in Intapp during the 4th quarter valued at about $44,000. Optiver Holding B.V. lifted its position in Intapp by 2,232.1% during the 1st quarter. Optiver Holding B.V. now owns 1,819 shares of the company’s stock valued at $47,000 after acquiring an additional 1,741 shares during the period. Federation des caisses Desjardins du Quebec boosted its stake in Intapp by 913.5% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company’s stock worth $48,000 after acquiring an additional 950 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in Intapp during the third quarter worth about $66,000. Institutional investors own 89.96% of the company’s stock.

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.