Intapp, Inc. (NASDAQ:INTA) Short Interest Update
by Doug Wharley · The Cerbat GemIntapp, Inc. (NASDAQ:INTA – Get Free Report) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totaling 4,958,910 shares, a growth of 57.7% from the March 31st total of 3,144,331 shares. Currently, 6.9% of the company’s shares are sold short. Based on an average daily trading volume, of 907,596 shares, the short-interest ratio is presently 5.5 days.
Intapp Trading Down 0.5%
NASDAQ INTA traded down $0.11 during trading hours on Monday, hitting $22.14. The company’s stock had a trading volume of 731,488 shares, compared to its average volume of 762,212. Intapp has a 52 week low of $19.24 and a 52 week high of $59.10. The company has a market capitalization of $1.78 billion, a PE ratio of -73.80, a price-to-earnings-growth ratio of 97.47 and a beta of 0.64. The company’s 50-day simple moving average is $23.92 and its two-hundred day simple moving average is $34.00.
Intapp (NASDAQ:INTA – Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. Intapp had a negative net margin of 4.37% and a negative return on equity of 0.62%. The business had revenue of $140.21 million for the quarter, compared to analysts’ expectations of $138.20 million. During the same quarter last year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. Intapp has set its FY 2026 guidance at 1.200-1.240 EPS and its Q3 2026 guidance at 0.270-0.290 EPS. Research analysts anticipate that Intapp will post 0.01 EPS for the current fiscal year.
Intapp declared that its board has approved a stock buyback program on Tuesday, February 3rd that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 7.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
Institutional Investors Weigh In On Intapp
A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Intapp by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 6,804,903 shares of the company’s stock worth $278,321,000 after purchasing an additional 25,702 shares during the period. Bamco Inc. NY raised its stake in shares of Intapp by 15.5% during the 4th quarter. Bamco Inc. NY now owns 3,327,989 shares of the company’s stock worth $152,488,000 after purchasing an additional 447,039 shares during the period. Capital World Investors raised its holdings in shares of Intapp by 3.5% in the 4th quarter. Capital World Investors now owns 2,992,169 shares of the company’s stock worth $137,101,000 after purchasing an additional 100,000 shares during the period. Wellington Management Group LLP raised its holdings in shares of Intapp by 143.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company’s stock worth $77,365,000 after purchasing an additional 1,115,392 shares during the period. Finally, Praesidium Investment Management Company LLC raised its holdings in shares of Intapp by 5.7% in the 4th quarter. Praesidium Investment Management Company LLC now owns 1,841,850 shares of the company’s stock worth $84,394,000 after purchasing an additional 98,767 shares during the period. 89.96% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Stifel Nicolaus cut their price target on Intapp from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. UBS Group cut their price target on Intapp from $54.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday. Citigroup cut their price target on Intapp from $49.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Barclays cut their price objective on shares of Intapp from $35.00 to $20.00 and set an “underweight” rating on the stock in a research report on Monday, April 13th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Intapp from $70.00 to $58.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Intapp presently has a consensus rating of “Hold” and an average target price of $36.43.
Check Out Our Latest Analysis on Intapp
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.