Intapp (NASDAQ:INTA) Shares Up 10.5% – Still a Buy?

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on INTA. Stifel Nicolaus cut their price objective on shares of Intapp from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, February 26th. JPMorgan Chase & Co. dropped their target price on Intapp from $58.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Citigroup lifted their price target on Intapp from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Barclays upped their price target on Intapp from $20.00 to $25.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen upgraded Intapp from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $34.57.

Intapp Stock Up 12.0%

The firm has a market cap of $1.78 billion, a PE ratio of -49.64 and a beta of 0.49. The business has a 50-day moving average price of $22.87 and a two-hundred day moving average price of $31.54.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The business had revenue of $146.04 million during the quarter, compared to analysts’ expectations of $144.32 million. Intapp had a negative net margin of 6.48% and a negative return on equity of 2.28%. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the previous year, the company 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, equities research analysts predict that Intapp, Inc. will post -0.05 earnings per share for the current fiscal year.

Intapp announced that its board has approved a stock buyback plan on Tuesday, February 3rd that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to purchase up to 7.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Intapp

Large investors have recently modified their holdings of the business. Strive Financial Group LLC purchased a new stake in Intapp in the 4th quarter worth approximately $28,000. First Horizon Corp purchased a new stake in Intapp in the fourth quarter valued at approximately $44,000. Federation des caisses Desjardins du Quebec raised 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 purchasing an additional 950 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Intapp during the 3rd quarter valued at $66,000. Finally, Assetmark Inc. increased its holdings in shares of Intapp by 33.2% during the 3rd quarter. Assetmark Inc. now owns 1,765 shares of the company’s stock worth $72,000 after buying an additional 440 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.