Intapp, Inc. (NASDAQ:INTA) Short Interest Up 26.6% in February

Intapp, Inc. (NASDAQ:INTA) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 3,182,593 shares, an increase of 26.6% from the February 12th total of 2,513,581 shares. Based on an average daily volume of 1,385,035 shares, the days-to-cover ratio is presently 2.3 days. Approximately 4.5% of the shares of the stock are short sold. Approximately 4.5% of the shares of the stock are short sold. Based on an average daily volume of 1,385,035 shares, the days-to-cover ratio is presently 2.3 days.

Intapp Price Performance

Shares of Intapp stock traded up $0.16 on Tuesday, hitting $25.84. 60,930 shares of the company’s stock traded hands, compared to its average volume of 1,394,580. The firm’s 50-day moving average price is $30.33 and its two-hundred day moving average price is $38.11. The stock has a market capitalization of $2.08 billion, a PE ratio of -86.08, a price-to-earnings-growth ratio of 112.36 and a beta of 0.74. Intapp has a one year low of $19.24 and a one year high of $64.31.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.07. The business had revenue of $140.21 million for the quarter, compared to analyst estimates of $138.20 million. Intapp had a negative return on equity of 0.62% and a negative net margin of 4.37%.The firm’s revenue was up 15.7% on a year-over-year basis. During the same period last year, the company earned $0.21 EPS. Intapp has set its FY 2026 guidance at 1.200-1.240 EPS and its Q3 2026 guidance at 0.270-0.290 EPS. On average, analysts forecast that Intapp will post -0.14 earnings per share for the current fiscal year.

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

Insider Buying and Selling

In other Intapp news, CEO John T. Hall sold 8,000 shares of the business’s stock in a transaction on Monday, December 29th. The stock was sold at an average price of $47.48, for a total value of $379,840.00. Following the transaction, the chief executive officer owned 5,711,668 shares of the company’s stock, valued at approximately $271,189,996.64. The trade was a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 11.21% of the company’s stock.

Institutional Investors Weigh In On Intapp

Large investors have recently bought and sold shares of the company. Strive Financial Group LLC bought a new position in shares of Intapp during the fourth quarter worth $28,000. First Horizon Corp bought a new stake in shares of Intapp in the 4th quarter valued at $44,000. Federation des caisses Desjardins du Quebec raised its stake in Intapp by 913.5% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company’s stock worth $48,000 after buying an additional 950 shares during the period. Blue Trust Inc. raised its stake in Intapp by 27.9% during the 3rd quarter. Blue Trust Inc. now owns 1,421 shares of the company’s stock worth $58,000 after buying an additional 310 shares during the period. Finally, State of Wyoming lifted its holdings in Intapp by 75.7% during the fourth 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. Institutional investors own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on INTA. Oppenheimer reaffirmed a “market perform” rating on shares of Intapp in a report on Thursday, February 26th. JPMorgan Chase & Co. lowered their price objective on shares of Intapp from $70.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Citigroup dropped their target price on shares of Intapp from $49.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. Piper Sandler reduced their target price on shares of Intapp from $33.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, February 26th. Finally, UBS Group set a $54.00 price target on shares of Intapp in a research note on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Intapp has an average rating of “Hold” and an average target price of $39.71.

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.